Hints and tips:
...Senator Tim Scott of South Carolina, the top Republican on the banking committee, said it was “hard to believe” Becker’s defence....
...mortgages and even financing for wineries....
...Gilts provide a baseline level of general interest rates, so the rise in yields pushed mortgage rates higher and created a liquidity crisis for pension funds....
...On Monday, the billionaire North Carolina family dynasty behind First Citizens Bank found its signature deal to add to a collection of distressed banks it has bought: Silicon Valley Bank....
...We largely have James Clyburn, the South Carolina Democrat, to thank for the outcome....
...Since mid-October, 10-year gilt rates have fallen, debt servicing costs are down, mortgage rates are lower and inflation has peaked....
...Ross Walker: There is already a substantial amount of policy tightening in the pipeline (ie, announced Bank rate hikes which have yet to feed through to mortgage debt-servicing costs), so we expect only...
...Citadel Servicing Corporation of Irvine, California, has also put originations on pause. Some warehouse lenders are pulling up the drawbridge....
...Sea Group, a $24bn south-east Asian gaming and ecommerce company listed in New York, is applying for a full digital bank licence....
...The ECB template would suggest such a policy could be particularly effective if in combination with tiering banks were given a significant incentive to lend to non-financial corporations....
...lone victory in the US protectorate in the South Pacific that is home to 55,000 souls....
...Tim Scott, a member of the Senate finance committee from South Carolina, said there would be a “robust conversation” about the idea. “I prefer [a limit of] around $750,000,” he said....
...permitted mortgage servicing ratio — caused prices to fall about 12 per cent since the end of 2013....
...South Korea’s household debt rose to a record Won1,200tn ($973bn) at the end of last year, worsening one of the country’s biggest vulnerabilities even as the government strives to put the national mortgage...
...This Chinese slowdown spills over in a variety of ways. Places like South Africa, which export a lot of raw materials, Australia is another big one, they really feel these big shifts....
...Some economists say this trend is already under way, with South Koreans spending about a fifth of their incomes on servicing debts....
...Ray Balsillie whose family moved from Manitoba to a small town south of Waterloo when he was a boy, left the family home as a teenager to make a fresh start in Seaforth, Ontario, with the Royal Canadian...
...(Financial Times) Six banks sued over trustee roles: A group of big investors including Blackrock and Pimco are suing six different banks including Deutsche Bank and HSBC for their role as trustees of mortgage-backed...
...To date, it has made investments in Navitas Lease Corporation, which provides loans against equipment; Global Lending Services, which provides car loans; and Shellpoint, which provides mortgages....
...Charlotte’s thicket of glistening skyscrapers in the Uptown central business district – which hosts corporations such as Bank of America – and the surrounding apartment complexes provided a semblance of...
...Both have a commonality in that the company has to rely on its interest rate views to enhance trading income or mitigate mortgage servicing volatility....
...Florida will essentially be a two-horse race between Mr Romney, seeking to recover from South Carolina, and Mr Gingrich, trying to capitalise on his new momentum....
...We believe that when a family can no longer be tricked into signing a mortgage they can’t afford, that family is protected, but so is the value of other people’s homes, and so is the entire economy....
...South Carolina was ugly and Florida is not looking any prettier. You only run well among voters with graduate degrees and among those with incomes above $200,000....
..., Virginia, Oklahoma, Texas, South Carolina, Alabama, Nebraska and Georgia, vehemently opposed to the idea....
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