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...“For Chinese banks, the downside of lending to distressed property projects far outweighs the upside,” said Larry Hu, chief China economist at Macquarie....
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...“The rally in bonds today certainly has to do with fears about regional banks,” said Thierry Wizman, financial market economist at Macquarie....
...For instance, here’s an extract from a filing by Manhattan Bridge Capital, a small Nasdaq-listed mortgage Reit: No Adverse Material Change....
...Goodness knows we could all do with a laugh as bills, rent, mortgages, groceries and the tax burden shoot up....
...“The difference is that unlike homebuyers who pay the mortgage, they transfer the mortgage back to the company so it’s the customers who pay the interest.”...
...At the meeting on Friday, regulators also told state lenders to issue mortgages to home buyers purchasing property from private developers at least at the same pace as they issue mortgages to buyers from...
...The two dealmakers from Macquarie came to the US in 2000 to replicate its success in privatising toll roads and airports in Australia....
...“The worst case that could happen to China banks is not [a narrowing in] the interest margin,” said Larry Hu, chief China economist at Macquarie....
...It recommended that “we should set a glide path to exiting NF when [his] mortgage expires”. Following the release of the memo, Rose came under intense pressure....
...HDFC Bank will also have to manage an expanded balance sheet that “could be a drag” on profitability, Macquarie noted, because the company will have to invest in low risk, low returns assets to meet capital...
...Yardeni’s chart: Producer inflation in the two countries matches even more closely: Thierry Wizman, rates strategist at Macquarie, thinks the Federal Reserve could be eyeing Chinese deflation with favour...
...Lenders reduced interest rates that cover half of the country’s mortgage loans in September. Some major second and third-tier city authorities lifted all restrictions on housing purchases from July....
...China has cut its benchmark prime loan rate, mortgage reference rates and reserve requirement ratio over the past few years to boost the money supply and lower borrowing costs for companies in an effort...
...David Bell: It will stagnate, probably doing as badly as other advanced countries (USA excepted)....
...Meanwhile, a slowdown in demand for commercial mortgage-backed securities has left banks of all sizes holding on to more property debt than they or regulators would like....
...New long-term household loans, which are mainly mortgages, totalled just Rmb223bn, nearly a third of last year’s level....
...The situation for mortgage holders however remains bleak. Hunt also demanded banks do more to reward savers....
...Smart reads Risk management Hedge fund mogul Paul Singer warned about subprime mortgages before 2008....
...Macquarie is one of the fastest-growing mortgage lenders in Australia, targeting the less risky portion of the market with low loan-to-value ratios....
...“So far, the policy easing has been playing catch-up,” said Larry Hu, chief China economist at Macquarie. “It’s still behind the curve in the sense that the property sector is still in deep trouble”....
...“We see multiyear structural [return on equity] decline as banks retreat from the property sector amid stalled projects, mortgage boycotts and heightened regulations,” Macquarie analyst Dexter Hsu wrote...
...Adding all that up for JPMorgan comes to 12 per cent — less than Credit Suisse Holdings USA (13.5 per cent), Goldman Sachs (13.3 per cent), DWS USA Corporation (13.2 per cent) and Morgan Stanley (13.3 per...
...guys got bigger and upstarts in the residential market, Macquarie and AMP, began to bite....
...Goldman Sachs, Morgan Stanley, MUFG, Credit Suisse, Nomura and Macquarie declined to comment....
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