Sentences with phrase «betting against mortgages»
He received considerable attention for successfully betting against mortgages in 2008.
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If you've seen the movie The Big Short, you may remember the scene where right before one of the funds was getting ready to increase the size of their bet against the mortgage industry, they were a little bit concerned.
Paulson became world - famous in 2007 by shorting the US housing market, as he foresaw the subprime mortgage crisis and bet against mortgage backed securities by investing in credit default swaps.
And there's not a ready investment available that would allow one to bet against securities backed by student loans — no index like the one that hedge fund managers depicted in «The Big Short» used to bet against mortgages before the crisis.
Not exact matches
That was John Paulson, who made a name for himself by betting against sub-prime mortgages ahead of the financial crisis.
Recently, at Fortune's Most Powerful Women Summit, legendary value investor and Berkshire Hathaway (BRKA) CEO Warren Buffett said that if you are looking to place a bet against the dollar, or that interest rates would soon rise, you should just take out a plain vanilla, 30 - year fixed mortgage.
Bass is the founder and managing partner of Hayman Capital Management, where he gained a reputation for betting against subprime mortgages during the financial crisis.
Cohodes opined that both Equitable and Home Capital Group Inc. — the other Canadian mortgage lender he's betting against — would be unlikely to pass stress tests required by the Office of the Superintendent of Financial Institutions (OSFI).
John Paulson rose to legend - status when he earned a reported $ 4 billion betting against subprime mortgages during the financial crisis.
Kyle Bass, of Dallas, Texas, made millions by gambling against sub-prime mortgage bond market - and now he's betting on the collapse of whole countries in
He devises a way to bet against the housing market, to buy subprime mortgages to sell short.
In 2006, it lost 18 % of its value, largely as a result of Burryâ $ ™ s bet against the subprime mortgage market.
You are placing a bet against a bank that you'll remain solvent long enough to pay off the mortgage, and your home is the wager.
They bet on a collapse in the mortgage market by buying what are called credit default swaps (CDS), a form of insurance against bad loans.
In related news, an April 15 MarketWatch piece says, «A Senate subcommittee has accused Goldman Sachs of selling poor quality mortgage securities it bet against and is pushing the Justice Department to investigate Goldman CEO Lloyd Blankfein's testimony before Congress.
He also used derivatives to bet against the U.S. mortgage market.
He made millions gambling against the sub-prime mortgage bond market - and now he's betting on the collapse of whole countries in Europe.
Perry was also one of a few on Wall Street to start betting against subprime mortgages as early as 2006.
Paulson is a billionaire New York hedge fund manager who made out handily betting against subprime mortgages in 2007 and has predicted Puerto Rico will become «the Singapore of the Caribbean.»
With bad news piling up for anchor chains like Macy's and J.C. Penney, bearish bets against commercial mortgage - backed securities are growing.
Deutsche Bank, which famously bet against residential mortgage bonds in the run - up to the crisis, recommended buying credit protection on the BBB - tranche last month.
Goldman Sachs is agreeing to pay out $ 550 Million to settle claims that they did not tell their clients that they were betting against some of the mortgage securities.