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...When I chaired the FDIC during the financial crisis, we sold the failed the mortgage lender Washington Mutual to JPMorgan. It was our only bidder and was prepared to take over WaMu immediately....
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...Meeting the terms of the guarantee could force Garg to sell his Better shares and drive down the stock price, a filing warned....
...This includes a mortgage boycott by homeowners and rising bad loans from struggling developers. An official signal that the banks have Beijing’s support would help investor confidence....
...US homeowners still pay an average mortgage rate of 3.75 per cent — roughly half the rate on new mortgages....
...Much of Indonesia’s large labour force lacks the skills that international corporations need....
...And as mortgage rates fall, the single-family home market will become an increasingly viable substitute for renters, piling the pressure on apartment values, notes Thomas LaSalvia, head of CRE economics...
...The network is expected to generate strong growth in deposits that will support mortgage lending as Indian home ownership expands....
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...to residential mortgage finance; and small depositories must be involved in community lending (including residential mortgage finance)....
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...Corporation tax is a tax on investment not on shareholders, corporation tax revenue should be reduced to zero....
...The policy banks are owned in part by the Ministry of Finance, in part by vehicles set up by the central bank (SAFE), and in part by China Investment Corporation, the Chinese sovereign wealth fund....
...The Federal Deposit Insurance Corporation, which is leading the government effort, received bids from banks including JPMorgan Chase, PNC and Citizens, according to three sources with knowledge of the situation...
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...In 2008 these investments were associated with a falling real estate market as mortgages and mortgage-backed securities were not providing the expected return as defaults exploded. Not this time....
...Charging a small insurance premium to guarantee deposits that exceed the Federal Deposit Insurance Corporation’s current $250,000 insurance cap, Peltz believes, “should stop the deposit outflow from the...
...The typical depositor had a much higher balance than the $250,000 protected by a federal guarantee, and just 3 per cent of the bank’s deposits were insured....
...Also on Monday, the banking regulator said developers could have access to more money held in presale accounts with guarantee letters from banks, further easing liquidity pressure on developers....
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