Hints and tips:
...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...
...OK, so there was a liquidity problem with SVB and something about mortgage-backed-securities, and fundamental timing mismatches of liabilities....
...That post-lockdown frenzy has calmed down now, as mortgage rates rise — fixed rates currently start at 2.95 per cent....
...The other, across the border in mainland China, is a tourist resort near Shanghai designed to look like the Italian city of Venice.The seizure was just a “routine transaction”, Marks said,f in our inside...
...“Athene has replaced Berkshire Hathaway as the buyer of last resort of insurance assets,” says one of its former executives....
...James Anderson, who has managed the £17.5bn Scottish Mortgage Investment Trust since 2000, will step down in April next year. Read more here....
...The trust is a corporation owned by DJT Holdings LLC — that is, Donald J Trump. Mr Trump appears to owe the money to himself....
...Caesars Entertainment was trading 60 per cent below its implied buyout price from Eldorado Resorts....
...The firm, which reported larger than expected losses on the merged entity in May this year, grew by investing in distressed mortgages after the financial crisis....
...As the Bank developed its role as a lender of last resort and came to be perceived increasingly as a public institution, it also devised rules of thumb for the conduct of monetary policy....
...In the 18 years that Grand Designs has been on the air, the nation has thrilled to the sight of scores of design-stricken couples impoverishing themselves and jeopardising their mental health in quests to...
...Lone Star, which owns and manages 8,200 residential loans in Ireland, says “legal enforcement is pursued as a last resort”....
...in his quest to “transform the entire banking industry.”...
...owns part of a mortgage lender....
...Both student debt and mortgages illustrate a broader principle....
...The Federal Reserve could then find itself the buyer of last resort for Treasury securities....
...But in the quest to lure the deepest-pocketed buyers, project developers have clearly prioritised luxury over authenticity....
...Several high-profile casino developments have also stalled, such as the billion dollar Echelon and Fontainebleau projects, while the city leads the US in mortgage foreclosures and unemployment....
...News of the carve-out from GMAC comes as the group continues to seek a buyer for ResCap, its mortgage lending arm, at a sufficient price....
...Like banks, the strongest societies have been able to charge more for new mortgages as competition has weakened. But the lingering problem is the fierce competition for retail deposits....
...The Kerzner mortgage is split between two CMBS structures – COMM 2006-FL12 and CSMC 2006-TFL2....
...to a lawyer representing Wells Fargo & Co., the trustee of the resort’s $192.5 million mortgage....
...GI, which specialises in buying asset-intensive companies, announced an agreement last week with lenders to Park Resorts, the UK caravan park operator, to restructure the terms of its debt in exchange for...
...Although the economy has been stagnant over the past three years, it has not been as hard hit by the sub-prime mortgage crisis as parts of the US....
...Regulators say HRE’s links to other lenders and Germany’s market for Pfandbriefe – bonds backed by ring-fenced pools of mortgages and other assets – make it systemically important....
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