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...These debts include mortgages and loans for cars, rental equipment and yachts....
...The New York-based securitised products business packaged debts, such as mortgages and loans for yachts, before selling them on as securities....
...Blackstone Mortgage Trust said in an emailed statement: “This report is highly misleading and represents a fundamental misunderstanding of our senior secured lending business.”...
...“I said to Mark [Walter], ‘You’re going to think I put this in there. I didn’t!’”...
...In the late 1970s, Citibank chief executive Walter Wriston wanted to overturn Regulation Q, a Depression-era banking rule that limited the amount of interest banks could offer to savers, as a way of preventing...
...Their deaths, including Walter Scott, Thomas Murphy and David “Sandy” Gottesman, have forced Berkshire to bring in a number of new overseers....
...They have cut lending rates, mortgage rates, business taxes, stock-trading fees and even admission costs at tourist sites; extended EV subsidies; relaxed regulations; intervened in forex markets; and extended...
...For instance, here’s an extract from a filing by Manhattan Bridge Capital, a small Nasdaq-listed mortgage Reit: No Adverse Material Change....
...KKR’s recent agreement to buy up to €40bn of consumer loans originated by PayPal is one among various efforts by the firm to break into “asset-based” finance — fixed-income products such as mortgages, car...
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...The new policy covers apps offering personal, payday and peer-to-peer loans, but not mortgages, car loans or credit cards....
...Mortgage issuance is going to be down when you double rates. Same thing with auto lending. The one shoe that hasn’t dropped yet are cap rates and debt yields on commercial real estate....
...OK, so there was a liquidity problem with SVB and something about mortgage-backed-securities, and fundamental timing mismatches of liabilities....
...In the late 1990s, he met Walter, who was running an insurance and investment firm, Liberty Hampshire, which would eventually become the foundation for Guggenheim Partners....
...By 1974, he was offered a “front office” job trading the bonds of US utility companies and, in 1979, he began leading Salomon’s mortgage-trading desk....
...“Salesforce is one of the pre-eminent software companies in the world . . ....
...Klarman spent much of his letter critiquing the Fed’s response to the financial crisis, when the central bank cut interest rates close to zero and began hoovering up Treasuries and mortgage-backed securities...
...But he was thwarted by Thatcher in his attempts to reduce mortgage interest relief, something that might have moderated the subsequent house price explosion....
...The New York-based securitised products business packages debts, such as mortgages and loans for yachts, before selling them on as securities....
...The Big Short movie chronicled short selling directed against US mortgage-backed securities while the Netflix documentary Skandal!...
...High returns meant high risk and First Boston suffered significant paper losses on bridge loans extended to such companies such as Ohio Mattress, Campeau and Long John Silver’s....
...Last year Millennium created new roles to lead the risk management of the asset classes it trades, hiring Russo, as well as former Goldman partners Jeff Verschleiser as head of credit and mortgage-backed...
..., adding that “the long-term profitability and equity performance of so-called ‘profitless tech’ companies will dwarf those of companies that have catered to short-term oriented shareholders with share repurchases...
...As bank lending has become more constrained, many European companies have turned to alternative sources to fund their operations....
...Compared with recruitment, where important players Robert Walters and PageGroup have warned on profits, or technology, where cyber security specialist Darktrace and video game developer Frontier have said...
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