Hints and tips:
...Professional investors will look at everything and weigh credit versus government bonds and agency mortgages versus high yield and emerging markets....
...I suppose the big question for lots of us sitting here who are lucky enough to own our own homes is what it will do to mortgage rates. Katie Martin I’ve got one year until I renew my mortgage....
...If you borrow money from an ordinary bank for your business, you can, in theory at least, go back to the loan officer or “relationship manager” you started with, and seek to restructure the loan....
...Permits to build new homes — a gauge of future construction — were up 14.4 per cent last month. The housing market has benefited from mortgage rates that are near record lows....
...The St Louis Fed reported that banks were seeing a “sharp increase in delinquencies”, mainly in mortgages, credit cards, and car loans, but expected fewer delinquencies in the third quarter....
...The first of these is that most mortgage market people do not believe it is possible to sell Fannie and Freddie mortgage-backed securities without a government “wrap”....
...“The banks are looking at their future loan book and, post Brexit, they can see a decline in new mortgage lending . . . so they don’t need as many deposits, said Warren Mead, a partner at KPMG....
...The class action suit was filed in 2008, shortly after AIG was rescued by the US Treasury and Federal Reserve as it racked up huge losses on insurance written on plunging mortgage securities....
...Government ministers say there will be a facility for individuals needing care to pay for it via a loan secured against the value of their home, along with a promise that the home will not be sold until...
...(Financial Times) Average home prices in the US increased 2.2 per cent from April to May....
...Call it what you will — but it’s more L-like than V....
...The Federal Reserve last week began buying mortgages backed by government agencies Fannie Mae and Freddie Mac, part of its planned purchase of $500bn over the coming months....
...“There has been a focus on banks’ capital, liquidity and their mortgage exposure.”...
...Take a look at the third quarter report of the Federal Home Loan Bank of Atlanta....
...Countrywide Home Loans Servicing LP, et al is ostensibly brought on behalf of a class of purchasers of certain mortgage pass-through certificates for which CWALT, Inc. and various issuing trusts filed registration...
...Explicit support via a loan to the US Treasury or swap arrangements using its huge stock of US Treasury securities would probably represent too much of a humiliation for the US authorities....
...The combination of an epochal financial crisis, outsized bets on exotic securities, inadequate internal controls and poor regulatory supervision forced AIG last month to accept an $85bn loan from the Federal...
...Congress, meanwhile, is considering plans to provide between $300bn and $400bn in credit guarantees to allow lenders who agree to write down home loans to refinance these mortgages....
...Shares in the beleaguered mortgage giant rose 10 per cent to $21.79. Another mortgage lender grabbing traders’ attention was Accredited Home Lenders....
...In reviewing a sample of “no doc” loans that relied on borrowers’ statements, the Mortgage Asset Research Institute recently found that almost all would-be home owners had exaggerated their income, with...
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