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...The New York-based securitised products business packaged debts, such as mortgages and loans for yachts, before selling them on as securities....
...The New York-based securitised products business packages debts, such as mortgages and loans for yachts, before selling them on as securities....
...The last time the industry saw such a big haul was in 2007 when John Paulson made about $15.6bn betting against subprime mortgages. It’s a huge feat for the soon-to-be Florida-based firm....
...Share your ideas with us at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...This exhibition at the V&A invites us into the opulent world of master goldsmith Carl Fabergé and his London clientele....
..., ‘Tiger cub’ Maverick Capital, and Fidelity Investments’ William Danoff....
...He also spoke of more opportunities at Ellie Mae, the mortgage software provider ICE bought last year for $11bn....
...Melissa Cohn, a specialist US mortgage broker who covers New York, Florida and the Hamptons for William Raveis Mortgage, has arranged $400m worth of home loans this year, for sums of between $3m and $19m...
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...ZPG owns a suite of price comparison websites, including Money.co.uk — which lets users compare financial services products such as loans, mortgages and credit cards — and uSwitch, which can be used to compare...
...Analysts have lauded the ability of ZPG to market different products between its websites — selling mortgages to those buying homes, for example....
...It was also lined up for an equity stake in Williams & Glyn, the banking business that RBS was planning to IPO before the flotation was pulled last year....
...Noting that Simon Williams, the actor who plays Justin, had a recent bit part in TV soap EastEnders, she speculates what could happen if he was “killed off” in The Archers....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College Most unlikely....
...These will be able to take a client’s mortgage and art collection into account to provide a total perspective on wealth....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College Open question. Depends if he injects a major fiscal stimulus....
...Other non-bank servicers, such as Nationstar and Walter Investments, have grown quickly....
...The sale is expected to unfold in the coming weeks with $215bn worth of MSRs going to Nationstar Mortgage, a mortgage lender and servicer owned by private equity group Fortress Investment Group....
...(Reuters) “William Morris Endeavor Entertainment LLC is close to an agreement to buy rival talent and marketing agency IMG Worldwide Inc. for about $2.4 billion, according to people familiar with the matter...
...Ocwen Financial fought off stiff competition from Nationstar Mortgage to win a bankruptcy court auction of Residential Capital’s mortgage servicing and origination business....
...The successful auction follows the sale of ResCap’s mortgage servicing business to Ocwen Financial for $3bn on Wednesday after it won a bidding war with Nationstar Mortgage....
...Ocwen Financial and NationStar Mortgage will compete for the chance to buy the business at the Sheraton Hotel in New York. They have both valued the ResCap rights at around $2.5bn....
...John Williams of the San Francisco Fed provided the dovish counterpoint: “I anticipate that purchases of mortgage-backed securities and longer-term Treasury securities will be needed well into the second...
...To mark his 70th, Paul McCartney put in a guest appearance, as did comedian Robin Williams....
...A recent earnings release from Nationstar said it had improved payment rates on 17 per cent of its subprime loans originated between 2004 and 2007, the best performance among US mortgage servicers....
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