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Showing results for John Whalen
...john.dizard@ft.com...
...In the meantime, as mortgage industry investment banker Christopher Whalen explains: “All servicers generally have a month between the receipt of the loan pay-off (from a refinancing) and the principal payment...
...The sale even scored an artist record when a marble panel by the Leith-born sculptor Thomas Whalen (1903-1875) sold for £13,125....
...Christopher Whalen, a mortgage industry investment banker, says: “I would say the industry has an overcapacity of about one-third of its current structure. You could lose half of the loan officers....
...John Dwyer is 43 and says he’s smoked weed every day since he was a teenager. He displays none of the indolence of the habitual stoner, though....
...They needn’t have bothered, writes John Gapper in his column. It was always obvious that the winner would be one the US’s major urban hubs....
...“They weren’t paying anything a few years ago — it’s extremely competitive now,” said Christopher Whalen, a bank analyst. “The cost of that money is going up a lot....
...And, as Christopher Whalen, a mortgage industry investment banker, says: “There is no way for analysts or investors to anticipate or understand the adjustments to valuations of MSRs that are made under “...
...“Regulation has pushed up the cost of servicing a loan four fold since 2008,” says Christopher Whalen, chairman of Whalen Global Advisors, a mortgage industry expert....
...“We have had years now of concern about rising interest rates and what that will do to bond returns,” Mr Whalen said....
...Chris Whalen, a housing finance analyst, says: “The big problem is the lack of construction lending....
...Mr Whalen says: “Before the [financial] crisis, servicing a defaulted mortgage cost less than $500 annually....
...At Citi, chief financial officer John Gerspach bought $500,000 of shares this week, following $1m purchases by chief executive Mike Corbat and chairman Mike O’Neill a week earlier....
...“The higher end of this market has been very strong,” says Robert Whalen, of Halstead Property. Douglas Elliman is marketing a three-bedroom condo in Long Island City for $3.45m....
...John Gerspach, Citigroup’s finance chief, said in September that the bank would build energy-related reserves in the third quarter, having added about $43m in reserves related to about $18bn of energy exposures...
...Chris Whalen, a senior managing director at the Kroll Bond Rating Agency, has been studying the FDIC’s crisis preparation....
...The bright picture was a reflection of “optimism, employment and affordability,” said John Shrewsberry, Wells’ finance chief, noting that a first-quarter “wave” of refinancings had carried over to the second...
...Christopher Whalen, a Senior Managing Director at the Kroll Bond Rating Agency, has spent a lot of time on the issues with the “true sale” doctrine....
...“Wells is by far the most recalcitrant of the large banks in terms of what it discloses,” said Christopher Whalen, managing director of Institutional Risk Analytics, who downgraded the bank to “negative”...
...But UBS telecoms analyst John Hodulik warned that, while the Iphone would attract new subscribers, higher upfront subsidy costs would drive down margins....
...For example, Christopher Whalen of Institutional Risk Analytics, a bank risk rating firm, says: “It was issues like the impending financial bloodbath on hidden [off balance sheet] exposures . . . which we...
...For example, Christopher Whalen of Institutional Risk Analytics, a bank risk rating firm, says: “It was issues like the impending financial bloodbath on hidden [off balance sheet] exposures …which we believe...
...John Plender is an FT columnist and chairman of Quintain plc...
...Mr Whalen, a Bair fan, has been right so far in his bearish calls on the bail-out. Citi might buy some time with writeups on assets formerly marked to market....
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