Hints and tips:
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...This seems to be true for both consumers and corporations....
...It’s not going to be debt holders, which are the Fed and the Federal Home Loan Bank of San Francisco. They are secured creditors who hold collateral against their loans....
...Every single subsidy that built the middle class, whether it's the homestead loans, the farm loans, the New Deal, mortgage, student loans, all of those - not accidentally but explicitly - exempted certain...
...Latest news Nato’s Stoltenberg accuses Putin of ‘dangerous and reckless nuclear rhetoric’ Steep mortgage rates fuel August decline in US existing home sales New York attorney-general files fraud suit...
...Meanwhile, nearly 14 per cent of black households had no bank accounts at all, compared with 2.5 per cent of white households, according to the Federal Deposit Insurance Corporation....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...There were billions of dollars of losses for the Federal Deposit Insurance Corporation when Colonial went bust in 2009....
...So the FDIC as liquidator of Penn Square et al asserted that the “sales” of loan participations by Penn Square and the others were not “true sales” that gave rights to the underlying collateral (whatever...
...pools and the servicing of the loans....
...Masterpieces of Chinese Painting: 700-1900, edited by Zhang Hongxing, V&A Publishing, RRP£40/$60 The world’s oldest painting tradition explored in the glorious catalogue to the V&A’s current, once-in-a-lifetime...
...A mixture of home mortgages, shares and other securities, the transfer made up almost 10 per cent of the bank’s total assets of $80bn at the time....
...Roger Liddell, LCH.Clearnet chief executive, said the clearer planned to service US customers “predominantly from our US office”....
...Related links: SEC V. TREVOR G. COOK, PATRICK J. KILEY, ET AL, Case No. 09 CV 3333 – SEC Litigation release...
...it will probably also include backing for loan principal reductions in cases where the mortgage is worth a lot more than the value of a home....
...The steps we took last year to shore up the housing market have allowed millions of Americans to take out new loans and save an average of $1,500 on mortgage payments....
...Shame Michael Moore et al were not listening to him back then....
...Countrywide Home Loans Servicing LP, et al is ostensibly brought on behalf of a class of purchasers of certain mortgage pass-through certificates for which CWALT, Inc. and various issuing trusts filed registration...
...As Paul Volcker, former Fed chairman, has suggested, an enormous Resolution Trust Corporation-style approach for the banking and securities system may be required....
...Recommended discourse: JCK et al at Alea....
...US banks and corporations are almost certainly liquidating some of the assets they own overseas and bringing funds home to strengthen their balance sheets and reduce the amount they need to borrow in the...
...More of you have lost your homes and even more are watching your home values plummet....
...In reviewing a sample of “no doc” loans that relied on borrowers’ statements, the Mortgage Asset Research Institute recently found that almost all would-be home owners had exaggerated their income, with...
...Neo’s Homes, which gave Simms an additional $2,800 loan on top of the $47,000 loan she got from now-bankrupt Aegis Mortgage Corporation, is still offering properties for sale, and promising “no-money down...
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