Hints and tips:
...The BoE went further, temporarily loosening lenders’ capital buffer restrictions — helpful given banks are already trying to spare their customers’ pain with mortgage holidays and fee-free financing....
...Mortgage availability at higher LTVs has fallen by c85% while with more than 8m workers furloughed, we are cautious about incremental demand....
...So it is hard to feel sorry for Daisuke Inoue, Dr Jean Carruthers and Walter L Shaw — who each missed out on millions by failing to patent their respective ideas. Smartphones, tablets, connected TVs....
...Lex spies an opportunity in mortgage credit — which should continue to grow as long as corporate debt concerns don’t hammer consumers....
...The banks say they are reacting to tighter capital requirements and heavy penalties for mis-selling imposed by financial watchdogs after the 2008 crisis....
...Walter H. A. Vandaele of Navigant Economics: assessed whether Herbalife’s operations appropriately are classified as a beneficial, legitimate Multi-Level Marketing (“MLM”) firm....
...This can be seen in the financial sector, Head argues, pointing out that digitisation enabled some companies to create the subprime mortgage business....
...Mortgage servicers such as Ocwen, Nationstar and Walter Investment have been buying hundreds of billions of dollars worth of “mortgage servicing rights”, from big banks including JPMorgan Chase and Bank...
...They say that as only the 13th-biggest US bank by branches but the sixth-biggest mortgage seller, there is a possibility that Citi will resort to buying more mortgages from brokers rather than lending to...
...Robert Walters, chief executive of the eponymous white-collar recruiter, says the City jobs market is “on a point of recovery”, but that confidence among candidates to move jobs has yet to fully recover....
...‘Six people were rejected from the trial’s jury pool, including a professor and a mortgage underwriter’ (NYT Dealbook)....
...The remainder will go to Walter Investment Management....
...Ocwen Financial fought off stiff competition from Nationstar Mortgage to win a bankruptcy court auction of Residential Capital’s mortgage servicing and origination business....
...Erik Oja, analyst at S&P Capital IQ, who maintained a “hold” rating for the US lender, said: “We remain concerned about [the bank’s] asset shrinkage and a large jump in mortgage repurchase demands.”...
...The settlement also requires remedial action by Citigroup in its review and approval of offerings of certain mortgage-related securities....
...The fallout from the bursting of the mortgage and credit bubble may take years to clean up....
...Since October 2008, the Federal Reserve has purchased $2,150bn of assets, of which $1,250bn were mortgage-backed securities, and $900bn treasuries....
...The bank built out offerings in mortgages and municipal bonds....
...A judge in Regina v....
...The collateral backing this largesse includes $9bn of subprime mortgages and other smelly assets of dubious value....
...Capital Inc. and Select Portfolio Servicing Inc....
...It gives a big capital advantage to AAA rated tranches of mortgage backed securities compared to lower-rated tranches and corporate bonds. And it ignores the risk of liabilities altogether....
...As the Court’s argument continued in TSC Industries, Inc. v....
...Elizabethan England, in particular, became “the age of adventure”, of Walter Raleigh and Francis Drake and the trouncing of the Spanish armada....
...– FT Alphaville Gross v Bond, or Pimco v BarCap: The debate flares – FT Alphaville...
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