Hints and tips:
...One thing to start: The Phoenix Suns are on track to set a record price for the sale of a National Basketball Association franchise, with mortgage lending billionaire Mat Ishbia nearing a $4bn deal to acquire...
...Keeping up with interest rate rises, paying mortgages and paying off loans are all concerns facing the population....
...Markus Braun ends the year by borrowing €150m from Deutsche Bank in a margin loan secured with large parts of his 7 per cent stake in Wirecard....
...(FT) Columbia Property Trust explores sale (WSJ) Novartis offloads part of Sandoz generics business in US (FT) Deutsche Bank courts New York hedge funds after cuts (BBG) Paul Singer’s fund, Bain Capital...
...Fannie and Freddie are best known for their principal role as the leading source of financing for owner-occupied mortgages....
...“The banks are looking at their future loan book and, post Brexit, they can see a decline in new mortgage lending . . . so they don’t need as many deposits, said Warren Mead, a partner at KPMG....
...Mehrsa Baradaran, a University of Georgia law professor who recently published a book calling for the US to use its national Postal Service to offer small loans, said the move was “positive” even if Google...
...Janet Yellen’s decision to delay an interest rate rise has worsened the outlook for big US banks, prompting them to try to eke out profits by shifting excess cash into longer-term assets....
...The industry has also created a cyber-attack alert system with the Depository Trust & Clearing Corp, a clearinghouse that processes trillions of dollars in securities transactions for more than 50 US exchanges...
...As for Bank of America, the best word for its domestic retail business was “static”, says Brennan Hawken, analyst at UBS. The main reason is rates....
...It said Goldman had sold $11.1bn of MBS to Fannie Mae and Freddie Mac, the state-backed mortgage finance agencies, even as “significant percentages of the underlying loans . . . had materially poorer credit...
...“We killed the machine,” said one bank chief executive, arguing that regulations had frozen the mechanism for slicing and dicing loans....
...banks will bear the costs for soured loans....
...Big US banks will have to offer billions of dollars more in relief to the communities hardest hit by the financial crisis, as US authorities demand new terms for settling claims of mortgage sales abuses....
...More than 600,000 US homeowners received an average $79,000 in housing relief through mortgage modifications, loan forgiveness and short-sales as part of a sweeping 2012 national mortgage settlement over...
...mortgages and small business loans....
...(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...
...of the total figure of RMB10.9tn in outstanding trust assets by end-2013, according to the China Trustee Association....
...Royal Bank of Scotland grew out of National Westminster Bank and later ABN Amro; Deutsche grew out of Morgan Grenfell and Bankers Trust; JP Morgan Chase – Bank One, Chemical Bank, scrappy Bear Stearns, Washington...
...Citigroup has settled a $3.5bn lawsuit with the US housing regulator, breaking with other banks who have held out against a deal in one of the last big post-crisis lawsuits related to mortgage wrongdoing...
...In 2006, 1.4m mortgages were approved by banks. Last year, the figure was only 610,000. While gross mortgage lending is up this year, it remains far off the £362bn lent to homebuyers in 2007....
...Low mortgage rates and dwindling inventories of homes for sale helped push the index to its first reading above 50 since April 2006 (Financial Times)....
...Sequoia Mortgage Trust 2013-1; Sequoia Mortgage Trust 2013-2; and Sequoia Mortgage Trust 2013-3....
...While the market for residential mortgage-backed securities (RMBS) is dominated by US government agencies, which guarantee most American home loans, a small cadre of financial firms have been buying and...
...US banks agreed to pay out more than $20bn on Monday in two settlements to resolve claims arising from the mortgage crisis, with compensation for bad loans wiping out most of Bank of America’s earnings for...
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