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...These debts include mortgages and loans for cars, rental equipment and yachts....
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...The downturn in the housing market affects the wider economy via lower construction output, lower sales of housing-related goods and services and lower consumer confidence....
...and services....
...KKR’s recent agreement to buy up to €40bn of consumer loans originated by PayPal is one among various efforts by the firm to break into “asset-based” finance — fixed-income products such as mortgages, car...
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...Instead of contracting to build a rocket, it wants to buy the ride from companies such as SpaceX and Blue Origin. And this is one of the fundamental differences to the Apollo era....
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...The new policy covers apps offering personal, payday and peer-to-peer loans, but not mortgages, car loans or credit cards....
...This enabled Indonesia to optimise its debt-service levels in the face of volatile markets....
...Mortgage issuance is going to be down when you double rates. Same thing with auto lending. The one shoe that hasn’t dropped yet are cap rates and debt yields on commercial real estate....
...Russian companies are turning to Hong Kong for dispute arbitration services as sanctions lock them out of western courts....
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...Klarman spent much of his letter critiquing the Fed’s response to the financial crisis, when the central bank cut interest rates close to zero and began hoovering up Treasuries and mortgage-backed securities...
...The Big Short movie chronicled short selling directed against US mortgage-backed securities while the Netflix documentary Skandal!...
...Mortgage rates still extremely high and then if you chuck into all that, the Boris Johnson problem, as we were discussing earlier, the fact the public services aren’t working very well....
...That year, a talented First Boston mortgage bond trader who had suffered losses, Lawrence Fink, would also leave to start a money manager that would eventually become BlackRock....
...The New York-based securitised products business packages debts, such as mortgages and loans for yachts, before selling them on as securities....
...Last year Millennium created new roles to lead the risk management of the asset classes it trades, hiring Russo, as well as former Goldman partners Jeff Verschleiser as head of credit and mortgage-backed...
...The New York-based securitised products business — which packages debts such as mortgages and loans for yachts before selling them on as securities — would reduce capital burdens on Credit Suisse’s balance...
...Lowry has been responsible for IncuBaker’s 125 per cent growth since 2016, by automating processes for clients, setting up global privacy programmes, and streamlining commercial contracting....
...The fund invests in US agency mortgage-backed securities and collateralised mortgage obligations, which aren’t especially liquid markets....
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