Hints and tips:
...While shares of regional banks have swung wildly in recent trading sessions, depositors have been somewhat calmed by the implicit guarantee that the government would intervene in the crisis....
...First Republic’s business model of using low-cost deposits to fund cheap mortgages has been squeezed by rising interest rates....
...One question is whether the FDIC and the Fed would need to grant a so-called “systemic risk exemption” as they did with Silicon Valley Bank and Signature Bank last month, which enables the FDIC to guarantee...
...Incidentally, a plethora of media outlets (inc....
...As head of the private bank, she increased revenue by more than a fifth in three years and she improved performance at the mortgage business by cutting costs and getting Citi to originate its own mortgages...
...Jupiter also advises large utilities, energy producers and mortgage holders....
...Past performance has been no guarantee of future returns. Other hedge funds may have been a victim of the sector’s success....
...That is because the mortgages carry a so-called no negative equity guarantee — if the value of the property when it is sold turns out to be lower than the value of the loan, the insurers have to take the...
...The government should resist the pressure to save Lehman Brothers, as it had Bear Stearns and Fannie Mae and Freddie Mac, the mortgage institutions, I wrote....
...Regulators there have suggested they cannot recommend a Fox-Sky deal unless Fox can guarantee that it will not give Rupert Murdoch and his family influence over Sky News, according to those in the know....
...guarantee agency Fannie Mae, he said....
...Together, Fannie and Freddie guarantee the bulk of US home loans and underpin the country’s unique system of 30-year fixed rate mortgages....
...Lex spies an opportunity in mortgage credit — which should continue to grow as long as corporate debt concerns don’t hammer consumers....
...Shareholders in Fannie Mae and Freddie Mac have two ways to salvage something from their investments in the mortgage insurers....
...portfolio manager at 7IM, the UK wealth manager, says: “UK wealth managers will remember that Fannie Mae and Freddie Mac ran into trouble in the financial crisis, but there is now an implicit government guarantee...
...Thousands of loans sold to Fannie and Freddie, which guarantee US mortgages, subsequently defaulted. Bank of America denied that any fraud had occurred....
...Paulson & Co, one of the titans of the US hedge fund industry, made billions of dollars betting against subprime mortgages ahead of the financial crisis....
...It is a big writer of “variable annuities”, which guarantee minimum returns to policyholders....
...Line, and a security interest in certain cranes which shall be installed at the port by the company following construction of the port”, all without a government guarantee or land ownership, according to...
...Perry, a hedge fund led by founder Richard Perry, and Fairholme, an investment firm led by Bruce Berkowitz, own preferred shares in Fannie and Freddie, which guarantee US mortgages and invest in mortgage-backed...
...The Washington-based institutions guarantee home loans....
...The NYDFS noted that Symphony’s marketing materials state that “Symphony has designed a specific set of procedures to guarantee that data deletion is permanent and fully documented....
...Elizabeth Hosford of the Department of Justice told the court: “There is absolutely no way that we can guarantee that these documents that can have a devastating effect on our economy and on the housing...
...Mr Greenberg’s attorney, David Boies, pointed out that Citi received more favourable terms than AIG, even though the bank was fined recently by the Department of Justice over mis-selling mortgage securities...
...Here, say traders, Mr Gross assumed centre stage, as he managed Pimco’s flagship Total Return Fund (TRF), which at its height held $293bn worth of US government, mortgage, corporate and emerging market debt...
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