Hints and tips:
...assets that Blackstone manages....
...When others were losing their heads, he loaded up on risky assets. The formula worked. By 2007, his team oversaw tens of billions of dollars....
...and other assets....
...Keeping up with interest rate rises, paying mortgages and paying off loans are all concerns facing the population....
...; bribes from companies; and skimming off foreign loans and raiding the public treasury,” said a 2007 World Bank Stolen Asset Recovery Initiative report, which featured kleptocrats such as Indonesia’s Suharto...
...He was placed in its bond-trading department, and, given his real estate knowledge, was mainly trading mortgage-backed bonds. He proved a rare talent, and by 1978 was running the department....
...If successful, the next step would be seeking a freeze on Tsinghua’s offshore assets....
...mortgage companies....
...The close cousin of collateralised debt obligations, the pools of mortgage-backed securities that became notorious during the subprime meltdown over a decade ago, CLOs package up risky corporate loans into...
...month that it was planning to “capture the value investing opportunities amid the cycle of asset price downturn”....
...She says losses were magnified because complex credit products were backed by subprime mortgages....
...The furlough scheme is keeping surplus workers attached to businesses, while the latter are surviving thanks to government-backed loans. John Van Reenen: Rise in unemployment to about 6 per cent....
...Dwight Scott’s answer that everything is fine because they are asset-backed and anyway corporate results are strong is like saying in 2007 that mortgaged backed CDOs were fine because the economy is strong...
...As such, CLOs resemble other structures that rocked the financial system a decade ago, such as CDOs, which issued debt backed by bundles of (what turned out to be) junk mortgage bonds....
...Fannie Mae and Freddie Mac, the government-backed mortgage agencies, first accepted them for purchase more than a decade ago....
...The Paces were among 10,507 borrowers whose home loans Countrywide packed into a set of securities called the CWABS Asset-Backed Certificates Trust 2005-11....
...Some swear by June 22 2007, which was when Bear Stearns had to bail out two hedge funds it had marketed, which were making big losses on mortgage-backed securities....
...It was meant to be a safe bet as most of its assets were residential mortgage-backed securities issued by Fannie Mae and Freddie Mac....
...Another hugely popular sector is those funds focused on providing an income — either through dividends or some form of asset-backed lending....
...However, overseas bankers note their US peers enjoy different advantages, such as the existence of state-backed mortgage groups Fannie Mae and Freddie Mac which buy loans, ensuring banks do not have to carry...
...The US government currently guarantees about 80 per cent of new home loans and investors remain wary of buying private-label mortgage-backed securities (MBS) given fallout from the crisis and uncertainty...
...And the gradual declines in outright holdings reflect either maturities or prepayments of agency mortgage-backed securities....
...Mortgages, packaged into asset-backed securities, were sold to off-balance sheet bank SIVs financed by short-term loans from money market funds....
...(Financial Times) Six banks sued over trustee roles: A group of big investors including Blackrock and Pimco are suing six different banks including Deutsche Bank and HSBC for their role as trustees of mortgage-backed...
...Ahead of the IPO Hilton will seek to refinance about $13.5bn in debt, including about $3.5bn of commercial mortgage-backed securities – commercial property loans which are pooled and sold to investors in...
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