Hints and tips:
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...And so the Federal Deposit Insurance Corporation, the FDIC, had to step in....
...Meanwhile, Martin Gruenberg, chair of the US Federal Deposit Insurance Corporation, last week warned real estate loans — especially those backed by offices — face challenges if demand remains weak and “values...
...In the UK, almost 85 per cent of all mortgage loans were at fixed rates at the end of last year but the percentage for new home loans was almost 95 per cent, data from the Bank of England and Financial Conduct...
...It’s not going to be debt holders, which are the Fed and the Federal Home Loan Bank of San Francisco. They are secured creditors who hold collateral against their loans....
...SVB was taken over by the Federal Deposit Insurance Corporation on March 10 after it announced a $1.8bn loss on sales of securities, sparking a share price collapse and a deposit run....
...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....
...Every single subsidy that built the middle class, whether it's the homestead loans, the farm loans, the New Deal, mortgage, student loans, all of those - not accidentally but explicitly - exempted certain...
...The order book stood at £2.1bn in August, but more recent trading patterns and levels of sales interest will be key, alongside any signs of stress in the mortgage market....
...Latest news Nato’s Stoltenberg accuses Putin of ‘dangerous and reckless nuclear rhetoric’ Steep mortgage rates fuel August decline in US existing home sales New York attorney-general files fraud suit...
...Sheila Bair, former chair of the US Federal Deposit Insurance Corporation, writes in the FT that the current Federal Reserve leadership should take lessons from its former chair Paul Volcker and his successful...
...Keeping up with interest rate rises, paying mortgages and paying off loans are all concerns facing the population....
...Need to know: business The City of London Corporation called on Chancellor Rishi Sunak to help shops, restaurants and pubs that have been hit hard by the government’s new recommendation to work from home...
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...There were billions of dollars of losses for the Federal Deposit Insurance Corporation when Colonial went bust in 2009....
...A reform of US corporation tax would reduce the competitive advantage of the UK’s present corporation tax policy....
...Serious Sweet, by AL Kennedy, Cape, RRP£17.99 Set over the course of a single day, and travelling from Piccadilly to Chiswick via Knightsbridge, AL Kennedy’s latest novel is an ambitious, perambulatory...
...So the FDIC as liquidator of Penn Square et al asserted that the “sales” of loan participations by Penn Square and the others were not “true sales” that gave rights to the underlying collateral (whatever...
...pools and the servicing of the loans....
...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...
...Loan balances increased by almost 1 per cent to $69.7bn, with all the main loan categories, apart from family home mortgages, showing growth in the third quarter....
...“We don’t see that there’s a housing bubble,” says Martin Reid, president of Home Capital Group, a big Canadian mortgage lender....
...Securitisation and the development of sub-prime mortgages were originally devised to serve a respectable goal: the push toward universal home ownership in the US....
International Edition