Sentences with phrase «subprime mortgage assets»

As the only discount brokerage with legacy subprime mortgage assets on its balance sheet, E * TRADE...

Not exact matches

The 2008 financial crisis, on the other hand, was triggered in part by subprime mortgages — essentially, loans given to homeowners unlikely to be able to pay them back — and investment vehicles based on them in which these toxic assets were bundled and often hidden.

Recognizing the enormous investment potential created by the subprime crisis within the asset backed and mortgage backed sectors, the Hudson Cove Credit Opportunity Fund, Ltd was formed, one of the first funds of its size after the crisis, to extract attractive risk - adjusted returns.

It is also expected to account for an even greater share of the total industry revenue, this is because they require higher fees than those charged by hedge funds and declining popularity of other alternative asset vehicles in the aftermath of the subprime mortgage crisis.

Andrew Cuomo aggressively promoted subprime mortgages, which turned into NINJA (No Income, No Job and No Assets) loans, even while acknowledging that the default rate on these loans would likely be greater than on standard loans.

The commercial paper market, a vital conduit of financing for U.S. companies, has shrunk dramatically in the past two weeks because of worries that assets in the ABCP collateral pool included tainted subprime mortgages.

Until the 2007 collapse of the U.S. subprime mortgage industry and resulting credit crisis, Lehman generated a significant portion of its revenue through the issuance of mortgage - backed and asset - backed securities.

Over the past several weeks, the contagion emanating from the collapse of the market for complex structured assets that contain subprime mortgages has shaken the municipal bond market, one of the safest and most stable parts of the US financial system.

Securitization is an area that almost perfectly fits this description; markets for securitized assets such as subprime mortgages completely collapsed in 2008 and have not fully recovered.

It held as assets of $ 118.9 billion in single - family loans, of which $ 52.9 billion were «option adjustable rate mortgages» (Option ARMs), with $ 16 billion in subprime mortgage loans, and $ 53.4 billion of Home Equity lines of Credit (HELOCs) and credit cards receivables of $ 10.6 billion.

Money - market funds, which are big buyers of commercial paper, are spooked by possible contagion from subprime mortgages, or risky home loans granted to low - credit home buyers, and are shunning commercial paper backed by assets.

The reason for the concern is most asset - backed CP has mortgages as collateral, and some of those mortgages may be (hold your breath) subprime.

Why not replace it with equally safe and liquid assets that offered considerably more yield, like bonds backed by AAA - rated subprime or Alt - A mortgage collateral?

The asset - backed commercial paper [ABCP] market is a small slice of the total commercial paper market, and those financing subprime mortgage receivables are smaller still.

Unlike wild risk takers investing in subprime mortgages — low - quality loans to borrowers with iffy credit — Thornburg stuck to high - quality assets.

In fact, after the subprime mortgage crisis of 2007 - 08, they became known as «liar loans,» because borrowers and lenders were able to exaggerate income and / or assets to qualify the borrower for a bigger mortgage.

Big Wall Street banks package subprime mortgages into securities and sell them to hedge funds and institutional investors looking for high yielding assets.

These are specialist funds, kept separate from their parent company's balance sheet, that invest in illiquid assets, such as securities backed by subprime mortgages.

Associates are starting to look like the equivalent of subprime mortgages for law firms — toxic assets they want moved off their books.

This post will describe the assets involved, what provenance is, the subprime mortgage crisis and why distributed ledgers would have been instrumental in lessening the impact of the crisis.

Mrs. Nonas has 17 years of combined experience; worked at Moody \'s Investors Service covering the entire spectrum of mortgage backed securities products and small balance commercial loans; at WestLB and Barclays Capital, was the mortgage lead on the risk management team underwriting over $ 15 billion in mortgage financing facilities, established warehouse lines of credit, reverse repurchase agreements, Asset - Backed Commercial Paper (ABCP) conduits and other credit facilities for subprime mortgage originators and servicers; developed a process to conduct and document on site due diligence at the counterparty \'s origination and servicing base of operations.

Driven by Wall Street's demand for subprime loans to securitize and sell to investors, lenders sold high - risk products such as exploding adjustable - rate mortgages — loans with interest rates that could triple after two years — and liar loans, also known as stated income loans, which required little or no documentation about income, assets, or credit history.