Sentences with phrase «mortgage assets as»

Not exact matches

SecondMarket is the largest centralized marketplace and auction platform for illiquid assets, such as asset - backed securities, auction - rate securities, bankruptcy claims, collateralized debt obligations, limited partnership interests, private company stock, residential and commercial mortgage - backed securities, restricted securities and block trades in public companies, and whole loans.

Securitized assets such as mortgages, properties or whole businesses, are another way of reducing risk as lenders are higher up the capital structure, and management is restricted on what can happen to the assets.

The agency, created in 1946 to build houses for veterans of the Second World War, liked to describe itself as the «heart of housing» — an enormous Crown corporation that dominated the mortgage insurance market, guaranteed complex, bond - like assets called mortgage - backed securities, and subsidized the building and upkeep of First Nations and social housing.

March 23: U.S. Treasury Secretary Timothy Geithner unveils plans to buy as much as US$ 2 trillion in unwanted mortgages and other «toxic assets» from banks.

Most agree that banks need to have more cash, or capital, available to ensure they do not default on their obligations when the value of their other assets plunge, as happened during the recent mortgage crisis.

Under the new changes, «small creditor» — now defined as institutions with less than $ 2 billion in assets originating fewer than 500 first - lien mortgages per calendar year — would now apply to a 2,000 - loan annual origination limit, effectively easing the path for more banks and credit unions to comply with the ability - to - repay rule.

The banks and mortgage brokers, however, knew these were unqualified buyers, as their inside jokes about liar loans and Ninja loans (no income, no job or assets) attest.

These funds are typically composed of investment grade bonds issued by governments and corporations or secured by assets such as home mortgages.

Gross kept mortgage securities as his biggest holding at 53 % of assets, according to the report posted Wednesday on the PIMCO website.

«If the outlook for the labor market does not improve substantially, the committee will continue its purchases of agency mortgage - backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability,» the Fed's announcement stated.

The FOMC's annoucement after their meeting on Wednesday affirmed the Fed's QE3 policy, offering no changes, while stating, «If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage - backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability.»

Prior to joining Cerberus he served as a managing director of Nomura Securities from 2009 until October 2012, where he specialized in the sourcing and distribution of distressed mortgage assets and organized a securitized mortgage distribution team.

Even as the Federal Reserve reduces its investments in mortgage - backed securities, there are good reasons to be bullish on these assets.

Chart 2 highlights the growth in securitization across many different asset categories besides residential mortgages, such as commercial real estate loans, auto loans, credit card loans and student loans.

Government bond funds invest in bonds issued by the U.S. government and government - sponsored enterprises, as well as mortgage and other asset - backed securities.

According to an analysis by former Lehman CFO Erin Callan, mortgage - backed securities accounted for a whopping 71 percent of Bear's Level 3 assets — defined as those that are hard to value.

«We saw total average deposit growth; loan growth in our residential mortgage, credit card and subscription finance portfolios; as well as higher assets under management in Wealth and Investment Management.»

A North Carolina - based asset manager called NIR Capital Management was also fined over one of the three mortgage deals, known as collateralized debt obligations.

As investors left the housing market in the run - up to the meltdown, Wall Street sliced up and repackaged troubled assets based on those shaky mortgages, often buying those new packages themselves.

12) To better secure each News Company's rights under this guarantee and Indemnity, each guarantor agrees to charge the interest they have either solely or jointly or as tenants in common in any real estate and personal assets, and each guarantor acknowledges a News Company's right pursuant to the security hereby given lodge a caveat on any real estate in which they have such as interest and each guarantor agrees to execute a mortgage in favour of any News Company upon request by a News Company and do or cause to be done all such things as are necessary to give effect to the security hereby given.

Now, in addition to developing relationships and winning assets, they are advising clients on products that are more akin to banking, such as home loans and mortgages.»

The good news, though, is that if you're able to meet the asset reserve requirements, the remaining mortgage approval guidelines are the same as for any other home loan program.

The Bank has also begun to accept both short - and long - term securities backed by residential mortgages — asset - backed commercial paper (ABCP) and residential mortgage - backed securities (RMBS) respectively — as collateral.

Much like securitized residential mortgages prior to 2008, many see New York retail as a safe, low - maintenance asset that will almost inevitably rise in value in the long term, as it has in the past.

The vast bulk of the assets underlying these securities are residential mortgages (other assets, such as commercial property mortgages and car loans, constitute only about 2 per cent of the pools).

Bonds issued or guaranteed by the U.S. government, such as Treasury bonds and bills, as well as mortgage - and other asset - backed securities backed by government agencies.

Sector peers Old Mutual PLC (LON: OML) and Scottish Mortgage Investment Trust PLC (LON: SMT) gained on the news as Lloyds said it was searching for a new partner to manage the assets.

You have secured loans (such as auto loans or a mortgage) that exceed the value of your liquid assets

The unit, the chief investment office (CIO), has been the biggest buyer of European mortgage - backed bonds and other complex debt securities such as collateralized loan obligations in all markets for more than three years... The unit made a deliberate move out of safer assets such as US Treasuries in 2009 in an effort to increase returns and diversify investments.»

Investors have taken notice: inflation is headed higher, and interest rates on mortgage - backed assets must rise as well.

Regions provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other specialty financing.»

Note that if you have joint bank and investment accounts, this money can be used for your down payment and counted as an asset on your mortgage application.

The challenges are to pay down a $ 272,000 mortgage with a 30 - year amortization which costs her $ 1,091 per month, to get more income from her $ 580,609 of financial assets, and to make the most of Canada Pension Plan benefits which could start to flow as early as her age 60 next year.

Modifications and foreclosures force a restatement of the asset on the balance sheet, and in the current environment, the ability to obscure valuations appears to be a primary reason for the growing gap between delinquencies and foreclosures, as well as the reluctance of banks to modify mortgages.

The value of issuance by asset - backed vehicles was 25 per cent below the value seen in the corresponding period of 2004 but investor demand for mortgage - backed securities remains strong, as evidenced by the fact that primary spreads remain close to their historical lows.

In 1998, he joined the Mount Washington Investment Group as the Mortgage Bond and Asset Liability manager after working with Provident Mutual, AIG and Pacific Standard Life.

Mortgage lenders must weigh the borrower's income and assets against (A) the expected mortgage payments; (B) other expenses relating to the mortgage, such as home insurance and property taxes; (C) payments for other loans associated with the property, such as a second mortgage; and (D) all other recurring debt obliMortgage lenders must weigh the borrower's income and assets against (A) the expected mortgage payments; (B) other expenses relating to the mortgage, such as home insurance and property taxes; (C) payments for other loans associated with the property, such as a second mortgage; and (D) all other recurring debt oblimortgage payments; (B) other expenses relating to the mortgage, such as home insurance and property taxes; (C) payments for other loans associated with the property, such as a second mortgage; and (D) all other recurring debt oblimortgage, such as home insurance and property taxes; (C) payments for other loans associated with the property, such as a second mortgage; and (D) all other recurring debt oblimortgage; and (D) all other recurring debt obligations.

Preliminary results for 2012 suggest that total assets shrank slightly to 10.1 billion forints ($ 43 million), while operating profits dropped by 6 % as a result of lower interest income caused by narrowing margins and the early repayment of foreign currency mortgages.

[64] The Independent described the entity sold as the «detoxified arm» of the bank, while saying the taxpayers retained «responsibility for # 20bn of toxic assets such as bad debts and closed mortgages.»

This wouldn't be as catastrophic as the mortgage crisis, but it could have an exaggerated affect on retirement incomes for the elderly as they are generally advised to invest in lower risk assets.

It seems the markets are buoyed again in the short term as the US government will eventual bridge the divide and start to buy up the «toxic» mortgage - backed assets.

Plenty of ideas are being bandied about such as bringing Fannie Mae and Freddie Mac in some way, or banks to take on more of the risk of the falling value of the mortgage - backed assets.

Some are backed by tangible assets, such as mortgage contracts, buildings, or equipment.

Since a HECM reverse mortgage is a non-recourse loan and it is secured by placing a lien on your home, you are protected from having any of your other assets taken as repayment for the loan.

Elsewhere (Real Estate Investment Trusts) REITs put up impressive weekly returns as the Federal Reserve's buying will push up asset values for mortgage - backed securities, which mortgage REITs hold exclusively.

Note that if you have joint bank and investment accounts, this money can be used for your down payment and counted as an asset on your mortgage application.

With an FHA reverse mortgage you will never owe more than the value of your home, and your home is the only asset that can be used as collateral for the loan.

Those that benefit most are tenants, who often have insufficient assets, as well as a poor credit history, working against them, making the chances of securing mortgage approval smaller.

Should you later need to refinance your mortgage loan, using a mortgage broker can be a major asset here as well.

If feasible, you should try to get rid of the first ones as soon as possible without neglecting paying the others, especially those who are guaranteed by an asset such as mortgage loans and home equity loans.