Hints and tips:
...As ever, get in touch with Imani (imani.moise@ft.com) or me (sid.v@ft.com) with thoughts for new articles. Happy reading!...
...At 30, he was the fifth youngest senator in the country’s history after he won office in 1972....
...Regional US banks — including Fifth Third of Cincinnati and Atlanta’s SunTrust — now account for 17 per cent of all new commercial mortgages, up from 11 per cent in 2013, according to data from Bank of America...
...According to the Financial Lives Survey 2017, one-fifth of people taking out or switching a mortgage in the past 3 years did not compare offers from two or more lenders....
...His outfit, then known as First Street, was a top 20 underwriter nationwide, in a sector which produced about $1tn of subprime mortgages — about one-third of the total US mortgage market — that year....
...Moreover, with housing contributing to a third of local government revenue, 56% of banks’ collateral and around a fifth of GDP, the knock-on impacts could be immense....
...While here in London we’ll help the British Museum, the Science Museum, and the V&A move their collections out of storage and on display....
...Izzy cites SocGen research which asks whether EM outflows have only just begun, and wonders if taper tantrum V.2 has at least learned from taper tantrum V.1 that taper means the opposite of a US bond apocalypse...
...the right side of David Einhorn, pictured, writes Tracy Alloway in New York....
...Revenues in the fourth quarter rose by a fifth to $973m, led by a two-thirds increase in bond trading and underwriting....
...SunTrust set aside $215m for mortgage repurchases, an increase from $117m in the third quarter....
...Global Wealth and Investment Management increased the number of its client-facing associates for the fifth consecutive quarter....
...A judge in Regina v....
...According to S&P, default probabilities tend to be highest during the third through fifth years of a loan’s lifespan — which means these vintages should now be entering their peak default years....
...Fifth Third Bancorp, for instance, said in its fourth-quarter report that 25% of the $2.7 billion of loans it has modified since 2007 have gone bust....
...The rating agencies fail to understand that corporate loans are different from bonds or mortgages....
...A fifth source of headroom would be for the U.S. treasury to sell its holdings of Fannie Mae and Freddie Mac debt, which totaled $165 billion as of Sept. 30, 2009....
...Tracinda, his holding company named after daughters Tracy and Linda, now owns a 9.5 per cent stake, making it the carmaker’s third biggest shareholder....
International Edition