Posts Tagged ‘AIG’

Did Some Type of Insurance or Credit Default Swap Pay Off Your Mortgage?

Did Some Type of Insurance or Credit Default Swap Pay Off Your Mortgage?

I recently saw someone online saying that as a result of multiple insurance payouts a bank could receive millions of dollars on a $200,000 loan that went into default. It’s just not true. There are lot's of reasons why... (Continue reading)

Tagged with:                                                                                                                                                                                                 

One Bank Did Right by Homeowners & Shareholders – A Story You Haven’t Heard Before

One Bank Did Right by Homeowners & Shareholders - A Story You Haven't Heard Before

There is one mortgage banker that did it right for their shareholders and borrowers. They didn’t take TARP funds or any sort of tax-payer funded bailout... instead they took their losses, restructured the company, and protected their shareholders... ... (Continue reading)

Credit Suisse Tells Bloomberg: “Mortgage Principal Cuts Don’t Help Homeowners?”

Credit Suisse Tells Bloomberg: “Mortgage Principal Cuts Don’t Help Homeowners?”

Reducing mortgage balances is a risky idea that hasn’t been shown to keep borrowers who owe more than their property’s worth in their homes, according to Credit Suisse Group AG. (CSGN). Suspending accounting rules is a risky idea that hasn’t been... (Continue reading)

Tagged with:                                                                                                                                                                                                                                                     

Home sales contracts are falling apart 2X as fast as last year

Home sales contracts are falling apart 2X as fast as last year

Why? Well, according to the Realtors, it’s credit scores and appraisals coming in too low. Well shave my head and call me Baldy… what do you know about that? I certainly do declare, how can such a... (Continue reading)

Mandelman U. Presents: There’s Credit Default Swaps & then there’s Credit Default Swaps

Mandelman U. Presents: There’s Credit Default Swaps & then there's Credit Default Swaps

Seventy percent of the U.S. economy is driven by consumer spending, which has been driven by borrowing over the last ten years. Even if we wanted to do so, we can’t borrow our way back to prosperity this time... (Continue reading)

Bringing Up the Rear: Me, Martin Andelman

Bringing Up the Rear: Me, Martin Andelman

It’s a credit crisis, a global financial crisis, a foreclosure crisis, an economic catastrophe, the total destruction of the secondary mortgage market, the end of pension plan investing and Wall Street’s investment banks, and an ongoing example of why derivatives... (Continue reading)

The Federal Reserve Made a Record $47.4 Billion HELPING Housing Market in 2009?

The Federal Reserve Made a Record $47.4 Billion HELPING Housing Market in 2009?

The Federal Reserve, by the way, doesn’t exist to make a profit like the commercial banks. Until 2009, the Fed paid no interest on the bank reserves and other monies it holds, and it earns interest on the Treasury... (Continue reading)

Wall Street to Securitize Delinquent Loans. Because it went so well last time, I suppose.

So, based on that… the only logical thing to do is securitize some non-performing loans. Of course, it’s brilliant! I’m calling AIG-FP later today to see if they’ll sell me a credit default swap against this crap. ... (Continue reading)

Get Over It America???

Get Over It America???

2. Goldman must either start lending like a bank, or it's not allowed to keep its status as a "Financial Holding Company," which is what allows it to put more than $125 BILLION at risk without having to worry about... (Continue reading)

Tagged with:                         

Page Rank