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...These debts include mortgages and loans for cars, rental equipment and yachts....
...The New York-based securitised products business packaged debts, such as mortgages and loans for yachts, before selling them on as securities....
...Blackstone Mortgage Trust said in an emailed statement: “This report is highly misleading and represents a fundamental misunderstanding of our senior secured lending business.”...
...They have cut lending rates, mortgage rates, business taxes, stock-trading fees and even admission costs at tourist sites; extended EV subsidies; relaxed regulations; intervened in forex markets; and extended...
...For instance, here’s an extract from a filing by Manhattan Bridge Capital, a small Nasdaq-listed mortgage Reit: No Adverse Material Change....
...KKR’s recent agreement to buy up to €40bn of consumer loans originated by PayPal is one among various efforts by the firm to break into “asset-based” finance — fixed-income products such as mortgages, car...
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...The new policy covers apps offering personal, payday and peer-to-peer loans, but not mortgages, car loans or credit cards....
...OK, so there was a liquidity problem with SVB and something about mortgage-backed-securities, and fundamental timing mismatches of liabilities....
...Mortgage issuance is going to be down when you double rates. Same thing with auto lending. The one shoe that hasn’t dropped yet are cap rates and debt yields on commercial real estate....
...The last time the industry saw such a big haul was in 2007 when John Paulson made about $15.6bn betting against subprime mortgages. It’s a huge feat for the soon-to-be Florida-based firm....
...Klarman spent much of his letter critiquing the Fed’s response to the financial crisis, when the central bank cut interest rates close to zero and began hoovering up Treasuries and mortgage-backed securities...
...The Big Short movie chronicled short selling directed against US mortgage-backed securities while the Netflix documentary Skandal!...
...The New York-based securitised products business packages debts, such as mortgages and loans for yachts, before selling them on as securities....
...that ARKK represents “the canary in the coal mine for the regime shift because it began its descent in February 2021” and was the first of many prominent growth funds, including Baillie Gifford’s Scottish Mortgage...
...That year, a talented First Boston mortgage bond trader who had suffered losses, Lawrence Fink, would also leave to start a money manager that would eventually become BlackRock....
...Last year Millennium created new roles to lead the risk management of the asset classes it trades, hiring Russo, as well as former Goldman partners Jeff Verschleiser as head of credit and mortgage-backed...
...The New York-based securitised products business — which packages debts such as mortgages and loans for yachts before selling them on as securities — would reduce capital burdens on Credit Suisse’s balance...
...Over the past 12 months, Apollo’s various lending platforms, which range from operations spanning equipment finance, mortgages and mezzanine real estate loans, have originated more than $100bn in debt, including...
...Among the top 10 holdings in its Scottish Mortgage Investment Trust fund as of September 30 were shopping platform Meituan and social media and gaming group Tencent, both of which declined by more than 14...
...The fund invests in US agency mortgage-backed securities and collateralised mortgage obligations, which aren’t especially liquid markets....
...Other high-profile casualties among growth investors include Baillie Gifford’s Scottish Mortgage Investment Trust and Cathie Wood’s flagship Ark Innovation ETF, both of which have nursed big losses in the...
...The neobank posted its first annual profit last week fuelled by its move into the mortgage market....
...The trading platform is one of the largest in the world and is integral to the financial architecture supporting US mortgages, Treasuries and corporate bonds....
...One thing to start: Intercontinental Exchange has deepened its push into the US housing market data business, striking the largest deal in its history by agreeing to purchase mortgage software company Black...
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