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...No longer did banks’ lending officers decide on loans for businesses or mortgages; those decisions instead rested in the markets for mortgage-backed securities, corporate paper and junk bonds....
...At the core of his vision is Arm Holdings, a UK chip design company....
...Electronic trading first emerged in parallel to exchange floors where brokers and traders shouted out orders....
...The majority of this group are from Asia, including Lee Kun-hee’s Samsung Electronics and Li Ka-shing’s Cheung Kong Property Holdings....
...Moreover, the planned roll-out of a nationwide property-registration system and property tax will likely weigh on longer-term market expectations regarding the scope for property price appreciation....
...The good times for FICC ended after the bursting of the mortgage bubble, bringing about the demise of Bear and Lehman. Tough new regulations on trading were drafted....
...Year of reckoning for Japanese electronics makers after big losses It was a year of reckoning for Japan’s once mighty consumer electronics makers, which suffered massive losses as global sales of their TVs...
...It has been at the side of governments during the European crisis, helping the Spanish, Greek and Irish governments to value complex holdings at troubled banks....
...Merscorp operates Mortgage Electronic Registration Systems, better known as Mers, which tracks ownership interests in 31m active home loans....
...The balance sheet of the euro system, meantime, is up nearly two and a half times to $3.9tn....
...The Virginia-based company operates Mortgage Electronic Registration Systems, better known as Mers, which tracks ownership interests in some 31m active home loans....
...a national private electronic mortgage registry used by much of America’s housing finance system, and Lender Processing Services, a back-office provider used by large banks for mortgage-related matters...
...Like Delaware’s Beau Biden, Ms Coakley also sued Merscorp, owner of a national private electronic mortgage registry used by much of America’s housing finance system, accusing it of deceiving homeowners and...
...The better-known success stories of 2011, such as Amazon and Samsung, showed that impressive advances can happen in truly competitive markets, such as electronic readers and smartphones....
...UNDERMINING PUBLIC RECORDS “MERS”: Third, the complaint alleges that these banks have undermined our public land record system through the use of MERS, a private electronic registry system....
...New York’s participation comes after the state sued BofA, Wells Fargo and JPMorgan last week for their use of an electronic mortgage registry....
...The average US adjustable rate mortgage, for example, is indexed to Libor, with a premium of 2-3 percentage points tacked on....
...Fresh from Mortgage Electronic Registration Systems (MERS) on Wednesday — what looks like some (they say temporary) capitulation in the face of legal setbacks....
...Instead, the bank said that it was strengthening its oversight of the outside legal firms it works with on foreclosures and the use of an electronic mortgage registration system after it received letters...
...They’ve linked Mortgage Electronic Registration Systems Inc — currently making headlines in US residential mortgages — to the commercial mortgage market....
...Financial ‘innovation’ coming back to haunt the system is something we are familiar with. But do welcome a new toxic acronym to the stable — MERS — that’s Mortgage Electronic Registration Systems Inc....
...Compounding the problem is an electronic registry – Mortgage Electronic Registration Systems – developed in 1997 by the big banks in conjunction with Fannie Mae and Freddie Mac that lawyers for these homeowners...
...Here’s an, erm, efficient way to solve problems around MERS — the Mortgage Electronic Registration Systems Inc. that’s been making headlines in recent months....
...Finally, the WaPo goes into more depth on the company that’s become a focal point of the scandal: Mortgage Electronic Registration Systems, or MERS, which “allowed big financial firms to trade mortgages...
...Chris Kotowski of Oppenheimer asked about JP Morgan’s use of the troubled Mortgage Electronic Registration Systems Inc, and it turns out the bank “stopped a while back using them”: Q: And then on a separate...
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