Hints and tips:
...Bayes estimated there could be a funding gap of £27bn-£37bn when those loans come up for refinancing as a result of valuation falls....
...By 2007, his team oversaw tens of billions of dollars. When it came to the brewing US subprime mortgage crisis, Crastes thought doomsayers were getting ahead of themselves....
...More broadly, SVB’s collapse has highlighted the key ingredient to a stable banking sector: trust. “Banking is in part a trust game,” said Judge....
...Spreads on triple-B commercial mortgage-backed securities, the lowest rung of investment grade, are shooting up: And so are lenders....
...“Remember that problem of the rating agencies in 2007?”...
...Last year the London Stock Exchange had its best year since 2007 for IPO funding, raising £16.9bn, according to Dealogic....
...Certainly they have been boosted by ultra-loose monetary policy since the 2007-09 financial crisis....
...The global financial crisis December 2007 The Federal Reserve’s first Term Auction Facility auction takes place, designed to ease a liquidity shortage among commercial banks....
...By 2007 if you were breathing you could get a loan.”...
...Rechler sold Reckson in January 2007, then raised $9bn in private equity funding and did not return to the market until August 2009....
...His parents took out a second mortgage on the family home and took a 20 per cent stake in the business....
...Debt levels are lower, mortgage regulation tighter and speculative building more modest....
...Bronwyn Curtis, chair at JPMorgan Asian Investment Trust: No....
...It has had to pay $7.2bn in penalties for mis-selling US mortgage securities, and was sanctioned for helping to launder $10bn in dirty money out of Russia....
...Akiyoshi Nagashima, CIO, Sumitomo Mitsui Trust Asset Management What should investors expect?...
...A further decline in interest payments, thanks to the sharp fall in mortgage rates over the past six months, also will help to boost disposable incomes....
...As a veteran underwriter of subprime mortgages, he’d seen enough by April 2007 to know that there was serious trouble ahead....
...Two actively managed funds that he recommends are the M&G Global Dividend Fund and the Scottish Mortgage Investment Trust....
...In that case, prices imply investors don’t trust these bankers to make money for shareholders....
...Deals by large real estate investment trusts are expected to pick up steam after dropping nearly 80 per cent since 2007, according to Green Street....
...“Either way, it’ll be the first upward move in interest rates since July 2007,” says Andrew Hagger of Moneycomms.co.uk....
...The money will be used to finance the growth of the business, which was originally set up in 2007 and develops custom-built homes....
...But it also requires additional government funding....
...The total number of conventional mortgages on the market, to take one financial product, has risen from 2,646 in 2007 to 4,187 today, according to the price comparison site Moneyfacts....
...But the strategy proved destabilising in 2008, when lenders in the repo market lost confidence in mortgage-backed collateral and pulled back on funding....
International Edition