Hints and tips:
...One thing to start: The Phoenix Suns are on track to set a record price for the sale of a National Basketball Association franchise, with mortgage lending billionaire Mat Ishbia nearing a $4bn deal to acquire...
...malls to sky-high office blocks — hitting one of its primary sources of financing; the $1.4tn market for commercial mortgage-backed securities....
...connection with 11 residential mortgage-backed securities trusts....
...Fitch, the credit rating agency, expects $3bn of issuance of nonprime mortgage-backed securities (MBS) this year, up from about $1bn over the previous 18 months....
...Well, we hope there will be a space for dialogue, there will be a political solution, and we hope for a referendum with democratic safeguards....
...The funds were in- vested heavily in U.S. home-mortgage-backed securities that had become nearly impossible to value....
...A month later the Fed creates Maiden Lane II, which buys a portfolio of mortgage backed securities as part of the bail out of failing insurer AIG for $19.5bn, a little over half of their notional face value...
...To create interest in new private-label mortgage debt, clarity on the future of Fannie and Freddie and pending financial regulation is needed, as well as an outcome for litigation over allegedly abusive...
...As with similar claims, US Bancorp said the high loss rate on mortgage-backed securities was the result of lax underwriting standards at Countrywide, the mortgage company that BofA acquired in 2008....
...The Depository Trust Co, National Securities Clearing Corp, Fixed Income Clearing Corp and Options Clearing Corp were all downgraded from triple A to double A plus....
...Schneiderman’s office requested the asset managers provide information by July 14, including the names of investors in the securities covered by the settlement, as well as the par amount and current market...
...When mortgage loans are securitised — turned into Residential Mortgage-Backed Securities (RMBS) — the notes are assigned to the securitisation trust, either in endorsed (signed) or blank (unsigned) form....
...That loan is sold to Bank of America, which then sells it to Asset-Backed Funding Corp. which then pools and assigns the loan to Wells Fargo, who is trustee for ABFC 2005-OPTI — another RMBS....
...Rather ironically, Lehman Brothers became the first firm to include MERS-registered loans in a mortgage-backed security (MBS) transaction, in early 1999....
...Instead, he was the former chairman of the Nasdaq stock market, a buddy of regulators, and vice-chairman of the National Association of Securities Dealers, his industry’s self-regulatory body....
...Tarp’s first incarnation as a plan to support prices of mortgage-backed securities was ditched in favour of investing capital (semi-forcibly) across the industry....
...A well-regarded investment banker, Ms Callan was widely touted as a rare example of a woman breaking into Wall Street’s upper ranks....
...There are hundreds of billions of dollars in losses looming on corporate debt – almost as much as has already been lost on mortgage-backed securities....
...As a result, Lehman, a bank with a little more than $20bn (€14bn, £11bn) in equity at the time, joined Tishman Speyer, a developer, and Bank of America to spend $15bn for Archstone-Smith Trust, a property...
...In a profile for the magazine, Craik acknowledged the obsessive, unending character of the task he has set for himself, as well as its likely futility....
...In 1938, the Congress chartered the Federal National Mortgage Association, or Fannie Mae, as it came to be known....
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