Hints and tips:
...A bank loan officer denies a customer a third mortgage extension, in order to get a promotion. She gets the promotion....
...At the Sohn investment conference in London on Wednesday, Block said he is shorting Blackstone Mortgage Trust, a publicly traded real estate investment trust Blackstone took control of a decade ago as it...
...Credit is trust given financial form. Economic life depends on creditors believing that borrowers will pay interest on loans and return principal when it is due....
...By 2007, his team oversaw tens of billions of dollars. When it came to the brewing US subprime mortgage crisis, Crastes thought doomsayers were getting ahead of themselves....
...Spreads on triple-B commercial mortgage-backed securities, the lowest rung of investment grade, are shooting up: And so are lenders....
..., bringing with it hundreds of thousands of evictions, a financial meltdown and a destruction of trust in banks....
...From all that, you would deduct the debts somebody owes - a mortgage on their house, car loans, money they may have borrowed to invest - and finally, you would deduct a tax free allowance....
...When the two hedge funds were liquidated in July 2007, Bear Stearns seized the collateral that secured its loans, sticking them on its once-pristine balance sheet....
...Keeping up with interest rate rises, paying mortgages and paying off loans are all concerns facing the population....
...Blackstone agreed to house the new venture in its offices and bankroll it with a $5m loan, in return for a 50 per cent stake....
...By 2007 if you were breathing you could get a loan.”...
...The average number of lower-rated, single B loans held by CLOs was also at a high point....
...Bronwyn Curtis, chair at JPMorgan Asian Investment Trust: No....
...Europe Most of the series focused on the US. But Europe also has a large amount of leveraged loans outstanding....
...The Paces were among 10,507 borrowers whose home loans Countrywide packed into a set of securities called the CWABS Asset-Backed Certificates Trust 2005-11....
...Month by month trust drained away: investors lost faith in the value of mortgage bonds, the judgment of rating agencies and the balance sheets of banks....
...loans....
...I just stopped paying the mortgage and eventually lost my house....
...“Now I feel like I really can’t trust anyone.”...
...From another Bank of Portugal research paper: Lending rates to the same borrower drop by 64 b.p. in the post-QE period at banks exposed to QE relative to banks not exposed to QE…Loan volumes to existing...
...By contrast, a series of indicators currently suggest that demand might be close to a 10-year high....
...We select a few topics to expand on and pick a series of smart reads from the FT and elsewhere. You’ll also find the latest industry job moves and get a round-up of key headlines....
...There is no proper discussion of new macroprudential policies such as caps on loan-to-value ratios in mortgage lending and countercyclical capital requirements — changes that could pose a threat to the Bank...
...The effective interest rate on the outstanding stock of mortgages also will continue to decline, as households refinance old loans at cheaper rates, unless the MPC hikes interest rates this year....
...From 1984 to 2007 [the relationship between the change in unemployment and GDP growth] was broadly constant....
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