Hints and tips:
Related Special Reports
...US asset-backed and mortgage-backed securitisation issuance has totalled $463bn in 2023, the lowest for this point in a year since 2016, according to Dealogic data....
...Unhedged: How does this affect the option price? Bassman: You have arbitrage entities out there, like AGNC or Annaly [two mortgage Reits that buy mortgage-backed securities]....
...(laughter) Claer Barrett Well, I mean, people in the studio, except for me, are all mortgage brokers created equal?...
...Several pointed out that it has avoided the whopping big mistakes of rivals such as Wells Fargo and Citigroup (they all noted that the London Whale was not a good look)....
...What she overlooks is that insurers are one of the largest investors in commercial real estate, in the form of direct commercial mortgage loans, commercial mortgage-backed securities, wholly owned real estate...
...The vast majority are local minnows with fewer than $10bn in assets. In 2021, JPMorgan leapfrogged Wells Fargo as the bank with more branches than any other in the US....
...with property lenders or lessors, and 3) corporate ringfencing or securitisation vehicles like special purpose entities, collateralised loan obligations and asset-backed securities....
...Wells Fargo has hired Derek Van Zandt from Citigroup to lead media and telecommunications banking, Bloomberg reported....
...In the past year delinquent commercial property debt for the six big banks — JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley — nearly tripled to $9.3bn....
...The government created Freddie Mac, Ginnie Mae, mortgage-backed securities, modified mortgages and subsidised rates for homeowners. It was a 1 per cent mortgage era....
...The Fed has been allowing as much as $60bn worth of Treasuries and $35bn of mortgage-backed securities to roll off its balance sheet under its so-called quantitative tightening programme....
...He will join the panel on a two-year secondment from the bank beginning in May. Wells Fargo has named Doug Braunstein as a vice-chair....
...So venture capital trusts and the Enterprise Investment Scheme carry lots and lots of valuable tax reliefs....
...The JPMorgan banker-turned-exchange boss turning noodles into securities In modern capitalism, you can securitise all sorts of things — mortgages, the loans backing private equity buyouts, car loans, even...
...The US Department of Justice alleged that UBS defrauded investors when it sold 40 residential mortgage-backed securities deals between 2006 and 2007, which ultimately sustained substantial losses during...
...Blackstone Mortgage Trust and KKR Real Estate Finance Trust, two of the biggest mortgage real estate investment trusts, have halted loans to any new borrowers....
...The move is the latest attempt by JPMorgan to beef up its legal wealth management business after two decades of trying to break the grip of Citi in New York, as well as that of Wells Fargo, which dominates...
...Fargo jumped 9 per cent, despite an increase in loan loss provisions....
...But market participants say this monumental change to the Treasury market must be managed well, or it risks damaging liquidity and even operational security....
...The 2&20s (10 points) 32. Scoundrels Refuge (7.5 points) 33. The Clippers (5 points) 34....
...I’m well and the business is OK.’” “It was a bit of a strange time,” adds Dekhtyar....
...About 45 per cent of the assets of private equity-linked US insurance companies are allocated to illiquid strategies including structured credit, mortgage loans and mortgage-backed securities, compared with...
...Ben Whitmore, whose funds include the £2.1bn Jupiter UK Special Situations Fund and the £1.6bn Jupiter Income Trust, is leaving at the end of July to set up his own firm....
...security ladder....
...By contrast, JPMorgan Chase and Wells Fargo — the nation’s first and third-largest banks, respectively — each had about $40bn in unrealised bond market losses, while fourth-largest Citigroup’s paper losses...
International Edition