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Special Report on

Housing Loan and Subordinated Debt

housing loan and subordinated debt special research report Photo by blogs.worldbank.org
We study CEO compensation in the banking industry by considering banks’ unique claim structure in the presence of two types of agency problems: the standard managerial agency problem and the risk-shifting problem between shareholders and debtholders. We empirically test two hypotheses derived from this framework: that the pay-for-performance sensitivity of bank CEO compensation (1) decreases with the total leverage ratio and (2) increases with the intensity of monitoring provided by regulators and nondepository (subordinated) debtholders. We construct an index of the intensity of outsider monitoring based on four variables: the ...
banking system caused by the overvaluation of assets. It has resulted in the collapse of large financial institutions, the bailout of banks by national governments and downturns in stock markets around the world. In many areas, the housing market has also suffered, resulting in numerous evictions , foreclosures and prolonged vacancies. It is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s. It contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, substantial financial commitments incurred by governments , and a ...
REVIEWS AND OPINIONS
Big Banks Accused of Short Sale Fraud | Chase Home Finance Sucks
Just as regulators, lawmakers and all forms of financial oversight boards are talking about new regulations to guard against mortgage fraud and another mortgage meltdown, there appears to be yet a new mortgage fraud out there today, allegedly perpetuated by agents of, yes, the big banks. I was first alerted to this by Jeremy Brandt, the CEO of several companies that bring short sale agents, investors and sellers together. His companies include 1800CashOffer, HomeFlux.com and FastHomeOffer.com. Brandt has a huge network of short sale real estate agents, and over the past several months he's been receiving all kinds of ... market research, surveys and trends
Banks Fighting Subpoenas From FHFA Over Access to Loan Files ...
In a nutshell this is it. The Banks are fighting the subpoenas because if there is actually an audit of the “content” of the pools, they are screwed across the board. My analysis of dozens of pools has led me to several counter-intuitive but unavoidable factual conclusions. I am certain the following is correct as to all residential securitized loans with very few (2-4%) exceptions: Most of the pools no longer exist. The MBS sold to investors and insured by AIG and the purchase and sale of credit default swaps were all premised on a general description of the content of the pool rather than a detailed description ... market research, surveys and trends

SURVEY RESULTS FOR
HOUSING LOAN AND SUBORDINATED DEBT

There has been confusing commentary on Fannie Mae's and Freddie ...
purchase $100 billion of debt issued by the housing GSEs and $500 ... holders of the Enterprises' senior and subordinated debt and MBS. To ... percent in additional senior preferred stock. In addition, beginning ... Treasury has announced that it expects the loan rate will be half a ... industry trends, business articles and survey research
California CDFIs Fill Capital Gap - Volume 4, Issue 1, 2004 - e ...
The "Momentum Texas" conference offered two examples of successful for-profit community development financial institutions (CDFIs), both from California. They were the Clearinghouse CDFI of Lake Forest and CEDLI (California Economic Development Lending Initiative) of Oakland. Although similar in structure and mission, the two organizations are distinctive in their approach. Clearinghouse CDFI  primarily provides direct loans for affordable housing, community development, small businesses and other qualified CRA activities such as construction and rehab, substandard housing, child care centers, churches and mobile ... industry trends, business articles and survey research
RELATED NEWS
Innkeepers, Aventine, Tousa, Jennifer Convertibles, Vick: Bankruptcy
in a $1.35 billion transaction, filed a Chapter 11 petition yesterday in New York with a reorganization plan where a subsidiary of Lehman Brothers Holdings Inc. , one of the secured lenders, would end up with all the new stock in exchange for $238 million in debt. Although Innkeepers characterized the plan as a “pre- arranged” reorganization, other secured lenders owed $825 million filed papers late last night opposing the plan and the proposed use of cash. The objecting mortgage lenders hold 64 percent of the secured debt. Innkeepers has 72 extended-stay and limited-service hotels with 10,000 rooms in 20 states. The petition ... market trends, news research and surveys resources
MGIC Investment Corporation Reports Second Quarter 2010 Results
today reported net income for the quarter ended June 30, 2010 of $24.6 million, compared with a net loss of $339.8 million for the same quarter a year ago. Diluted net income per share was $0.13 for the quarter ending June 30, 2010, compared to diluted loss per share of $2.74 for the same quarter a year ago. The net loss for the first six months of 2010 was $125.5 million, compared with a net loss of $524.4 million for the same period last year. Total revenues for the second quarter were $406.4 million, compared with $454.5 million in the second quarter last year. Net premiums written for the quarter were $295.3 million, ... market trends, news research and surveys resources

INFORMATION RESOURCES

Manufactured Housing Finance and the Secondary Market
Not all manufactured housing loans are governed by the Real Estate and ..... more comfortable with the loan product, “then the subordinated debt can get ... technology research, surveys study and trend statistics
FHFB Authorizes Debt Issuance by the Federal Home Loan Bank of ...
The Federal Housing Finance Board voted today to authorize the Federal Home Loan . Bank of Chicago to issue subordinated debt for which it would be the sole ... technology research, surveys study and trend statistics
Center for Private Equity and Entrepreneurship: Private Equity ...
an ownership structure that limits its number of owners to 100. An S corporation does not pay taxes, rather its owners pay taxes on their proportion of the corporation’s profits at their individual tax rates. Back to Topˆ SBIC – see Small Business Investment Company . Back to Topˆ Scalability – a characteristic of a new business concept that entails the growth of sales and revenues with a much slower growth of organizational complexity and expenses. Venture capitalists look for scalability in the startups they select to finance. Back to Topˆ Scale-down – a schedule for phased ...
REAL TIME
HOUSING LOAN AND SUBORDINATED DEBT
QUESTIONS AND ANSWERS
Why is sub-prime crisis of America called the sub-prime crisis ...
The problems with our current 'crisis' actual go back to the U.S. Laws which were written in 1933, 1934 & 1940 (in another era) - Congress has simply failed to act to update these laws: - $62 trillion credit-default swaps - 'largely unregulated', the NY Fed has taken the lead in organizing this market defining them in recent weeks as an insurance product and trying to clear them (through 'tear-ups' the last few months down to $54 trillion). The Bank for International Settlements cites the total outstanding notional amount of OTC derivatives at $596 trillion (12/ 2007) - $400 trillion are interest ...
What is your opinion of the Wachovia bank failure and why?
The collapse of Washington Mutual and the FDIC-engineered fire sale to JPMorgan Chase has people worried — about Wachovia. Wachovia's stock is down 45% for the week, and 27% today as bailout talks stalled in Washington and WaMu held a garage sale at the FDIC. Dow Jones reports that those of you waiting to hear more about those option-ARM, "pick-a-payment" or "pay-option" loans are going to be happy: Wachovia, like WaMu, has a troubled mortgage portfolio and faces its own uncertain future. Saddled with a mountain of troubled adjustable-rate mortgages inherited through its 2006 takeover of Golden West ...