Hints and tips:
...The power management business recently appointed new chief digital and technology officers as it moves from traditional manufacturing of products to servicing smart homes and data centres....
...According to the Mortgage Bankers Association, 8.5 per cent of American mortgages were in forbearance by the end of May....
...The allegation comes from Bill Erbey, founder of Ocwen Financial, the biggest subprime mortgage servicing company in the US, who is pursuing a legal action against the two asset management giants in the...
...No longer did banks’ lending officers decide on loans for businesses or mortgages; those decisions instead rested in the markets for mortgage-backed securities, corporate paper and junk bonds....
...But for the UK, there are bigger issues much closer to home for the UK in 2017....
...In May, Fannie Mae and Freddie Mac, the government-controlled mortgage buyers, strengthened standards on non-banks servicing mortgages....
...About 9.7m American homeowners have a mortgage that is in negative equity – or owe more than the home’s value – as of the first quarter this year, according to Zillow, an online real estate database....
...The website of Del Webb, a US retirement home provider, pictures a group of middle-aged Americans schmoozing at an alfresco cocktail party....
...The class action suit was filed in 2008, shortly after AIG was rescued by the US Treasury and Federal Reserve as it racked up huge losses on insurance written on plunging mortgage securities....
...The negotiations with the holdouts are central to the South American nation’s latest attempts to keep making payments on its restructured bonds....
...Both student debt and mortgages illustrate a broader principle....
...Homeward includes assets from various companies that fuelled the mortgage bubble, including Citigroup and American Home Mortgage....
...Bidders for ResCap’s mortgage servicing business are expected to submit their offers at a bankruptcy court auction on Tuesday....
...Berkshire Hathaway, the investment company run by Warren Buffett, has offered to buy the mortgage servicing business and loan portfolio of Residential Capital, the home lender that filed for bankruptcy with...
...Trulia beats its nearest competitor Zillow on some metrics – engagement and page views – but trails it still on unique users (8.5m v 11m in March, according to comScore) and visits (25m v 29m)....
...Neil MacDonald, brand director, calls it “a chance for us to go out and tell the story of Royal Salute” – in other words, to drive sales of the bottles you need not mortgage the family home for....
...It was not until September 2, 2008, more than a year after the home was sold at a foreclosure auction, that American Home Mortgage Servicing, a successor to Option One, assigned the mortgage to US Bancorp...
...She has since fallen behind again on her mortgage, joining a growing number of American borrowers who redefault on home loans even after their payments are substantially reduced....
...But at the end of the day, servicing mortgages and originating mortgages for client also still be a good business with what we think is a good return....
...The acquisition of Bear, for one, gave Mr Dimon’s company a long-sought-after unit servicing hedge funds and a lucrative commodity-trading operation – two businesses that would have taken years and billions...
...“Our competitors get into these brand wars like Coke v Pepsi,” says Zimmer at UTA....
...But the American people still want their pound of flesh and can hardly take out their anger on synthetic collateralised debt obligations or exotic mortgages. They need flesh and blood villains....
...Mr Viniar told Goldman’s traders to “stay closer to home”: rein in risk, sell down holdings and buy protection against their positions....
...“There has been a focus on banks’ capital, liquidity and their mortgage exposure.”...
...In a recent paper for the Bank for International Settlements, economist Luci Ellis spelled out some of the characteristics that brought that market to its knees and asked whether these were uniquely American...
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