Posts Tagged &#8216; Lenders &#8217;

May 22, 2012

Wall Street JournalPapademos Says Greece Should Remain in EuroWall Street JournalBy COSTAS PARIS And JENNY PARIS LONDON—Greece's former Prime Minister Lucas Papademos on Tuesday warned that Greeks have no choice but to stick with a painful auster...
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Spain beset by bank crisis, downgrades, bond pressure | Reuters

May 17, 2012

Spain’s borrowing costs shot up at a bond auction on Thursday and its troubled banks suffered a double blow, with shares in part-nationalized Bankia diving and 16 lenders – including the euro zone’s biggest – having their credit ratings cut. Official data confirmed Spain was back in recession and a newspaper reported a big...
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The slow-motion run on Greece’s banks | Brussels blog | News on the European Union from the Financial Times – FT.com

May 17, 2012

Jitters over whether Greece will be forced out of the euro have turned the focus of policymakers in recent days on whether Greece is on the precipice of a bank run… … a full-scale bank run would force the European Central Bank and eurozone lenders to either pump in more money – without a...
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LiqhtSquared Moves Toward Bankruptcy – Wall Street Journal

May 13, 2012

Wall Street JournalLiqhtSquared Moves Toward BankruptcyWall Street JournalBy MIKE SPECTOR And GREG BENSINGER Hedge-fund manager Philip Falcone's LightSquared Inc. venture was preparing Sunday to file for bankruptcy protection after negotiations wit...
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Lenders are making loans to junk-rated companies.

May 1, 2012

Lenders are making loans to junk-rated companies. If economy stalls, may cause trouble. http://on.wsj.com/K08q2m via Lenders are making loans to junk-rated companies. If economy … on Twitpic.
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Pain in Spain could spell trouble for expats – Telegraph.co.uk

May 1, 2012

Telegraph.co.ukPain in Spain could spell trouble for expatsTelegraph.co.ukEleven Spanish banks were downgraded this week as the country's economy takes another turn for the worst. But what does this mean for expats who have savings with them? Demon...
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Bad Neighbor Banks: Homes toxic for neighbors, good for lenders – South Florida Sun-Sentinel.com

April 30, 2012

I have long made the argument that shadow inventory is a bogeyman which, like shadow boxing, won’t hurt anyone, or at least won’t hurt the housing market in most areas, more than it already has. In effect it’s a sunk cost heavily affecting particular local markets, but will not affect the majority of the...
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National Australia Bank cuts 1400 U.K. jobs – MarketWatch

April 29, 2012

BBC NewsNational Australia Bank cuts 1400 U.K. jobsMarketWatchBy Ross Kelly ("Aussie Bank Cuts 1400 UK Jobs," at 0140 GMT, misstated the value of the impairment charge in the 12th paragraph. The correct version follows:) SYDNEY--One of Austra...
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Look Like 8% GDP Growth to You?

By Russ Winter

April 13, 2012

Power generation at the giant utility Huaneng Power in China was up less than 1% for the Q1. Two other Chinese electrical giants GD Power and Huadian Power showed a decline of 1.3% and an increase of 6.0% respectively. Look like 8.1% GDP g...
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Tour of a Neighborhood Destroyed by Subprime Lending

December 11, 2011

Rosa O'Neil would like to know what happened to her neighbors. Over the past decade she's watched as people she's lived next to for decades, disappear one by one, until she lives nearly alone on her Irvington, New Jersey street. Subprime lending w...
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Italy next week

By Bruce Krasting

November 27, 2011

Some stories in European press (La Stampa - Zero Hedge link) suggest that Italy is working on a very big loan package from the IMF. I have no doubt that there are ongoing discussions. There has to be. Either someone puts a finger in the dike or Italy ...
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MILLIONS of Homes Lurk on Bank Inventories

October 17, 2011

MIAMI — Officially, there are 3.5 million homes for sale nationwide. But there are millions more lurking in the shadows — hidden neatly away on banks' balance sheets, stalled in foreclosure court proceedings or simply occupied by nonpaying owner...
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First Houses, Now Cars: "Please take the damn thing!"

August 25, 2011

We saw it with homes, especially condos, now we see refusal of lenders to take possession of cars and boats following bankruptcy. Please consider My lender refuses to repossess my car Dear Bankruptcy Adviser, I was forced to file Chapter 7 bankrup...
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Moody’s Warns Student Loans May Be The Next Financial Bubble To Burst

August 10, 2011

Moody's Warns Student Loans May Be The Next Financial Bubble To Burst First Posted: 8/9/11 06:25 PM ET Updated: 8/9/11 06:37 PM ET WASHINGTON -- Record borrowing by college students who are graduating without jobs may lead to the next financial cri...
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Markets Face Collapse If No QE3

August 5, 2011

Markets face collapse if Fed doesn't pass QE3 - analyst, Thomson Reuters: Reuters Insider http://insider.thomsonreuters.com/link.html?cn=uidTWEMEA&cid=248350&shareToken=MzoxMGNhZWE5Yi1kNWY3LTRmYWUtYTA0OS1mNDkxZjMwMTkyOWI% 3D&start=0&end=266 Also, Chr...
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The Secret Way to Profit from the U.S. Debt to China

By Guest Editorial

August 1, 2011

The Secret Way to Profit from the U.S. Debt to China

Perhaps the biggest reason our country is facing a contentious debt-ceiling debate is because of the massive U.S. debt to China.

It's easy to forget that China is the world's largest buyer of U.S. Treasuries and it has as much to lose in this high-stakes game of...
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Forbes Heirs Nearly Bankrupted Forbes Media

July 28, 2011

Hmmm. Maybe I shouldn't be reading Forbes magazine for financial advice..... Forbes Media recently found itself in technical default, and while the situation has improved, the company is not out of the woods yet. Fortune obtained the financial record...
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Lenders Must Reveal Reasons for Rejection

July 20, 2011

Lenders Must Reveal Reasons for Rejection NEW YORK (LowCards.com) -- Starting tomorrow, consumers will get an explanation when they don't get the best interest rate or are turned down on a student loan, automobile loan or credit card application. Th...
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What Should Greece Do?

By Guest Editorial

July 18, 2011

Global Economic Intersection article of the week Editor's Note: We all know the story: Greece has been living beyond its means for more than a decade. As a consequence, it is running out of money. And as Econintersect's Dr. Elliott R. Morss has documented in an earlier piece, Greece has entered into an unemployment-generating...
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Elizabeth Warren

July 5, 2011

An Agency Builder, but Not Yet Its Leader By EDWARD WYATT Published: July 4, 2011 WASHINGTON — It is conventional wisdom in this town that the first director of the new Consumer Financial Protection Bureau will be anyone but Elizabeth Warren. In...
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Can’t pay the mortgage? Maybe the bank will pay you to leave

May 4, 2011

t's the kind of news that seems to defy all logic we've ever been taught about financial responsibilities and rights in the real estate world. Now, says the Financial Times, banks are considering paying cash-strapped "homeowners" to vacate foreclosed...
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Insights Into Strategic Defaulters

April 26, 2011

Interesting to note that strategic defaulters generally have good FICO scores, pay their bills on time and have very little credit card debt.... A new study sheds additional light on the issue of "strategic defaults" in America, offering further insi...
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Fed aims at mortgage fraud, shoots housing market in the gut

April 18, 2011

The problem with mortgage fraud wasn't broker compensation: it was the ease of the fraud and the incentives throughout the food chain for collusion. New Fed rules simply wipe out competitors to the "too big to fail" mortgage banks. Why are we not ...
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Tokyo’s Property Collapse-Morgan Stanley leaves keys

April 17, 2011

Leading Investment Banking firm demonstrates that walking away makes sense! The value of Tokyo’s properties has fallen well below that of the debt, analysts and sources said, raising the prospect that the funds will fail to repay or refinance the l...
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You Call It Inflation; I Call It Theft

March 4, 2011

Inflation is deceitful and ineffective. It swindles savers, fleeces lenders, pumps taxes higher and triggers malinvestment. It doesn’t reduce unemployment; it whittles away your wage. Nor does inflation promote exports, but it does make internatio...
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More Americans Are Renting

January 6, 2011

When the lenders foreclose on your house and you're turfed out of the place, makes sense that you're gonna rent a place to live. After all, it might be a tad difficult to get a mortgage on another home.... U.S. apartment vacancies fell to a two-year ...
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2011: Delinquencies and Distressed house sales

January 2, 2011

My guess is the overall delinquency rate has peaked, although I expect the delinquency rate to stay elevated. http://www.calculatedriskblog.com/2011/01/question-3-for-2011-delinquencies-and. html Distressed house sales: Foreclosure activity is very h...
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"Financial literacy won’t fix everything"

December 8, 2010

Financial literacy won't fix everything On Wednesday December 8, 2010, 11:50 am EST By Linda Stern WASHINGTON (Reuters) - Financial literacy has become a huge catchphrase -- the one idea upon which consumer advocates and bankers, borrowers and lender...
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Putting Money on Lawsuits, Investors Share in the Payouts