Entries tagged "mortgage"
American International Group Inc. has sold $39.3 billion of residential mortgage-backed securities assets to Maiden Lane II LLC, a fund established by the Federal Reserve Bank of New York....
Paul Andrews and Aaron Tam of UHY Advisors FLVS Inc.'s restructuring and turnaround practice group comment on private equity acquisitions and the mortgage crisis in The Daily Deal. The subprime mortgage debacle was caused by many factors--frankly, too many to discuss in this article. One of the most significant root causes, however, was the abundance of inexpensive available cash early through mid-decade. In the subprime markets, low interest rates drove the demand to do more deals. The supply of good-credit borrowers buying houses in the ordinary course likely did not significantly change. In the mortgage markets this imbalance meant a...
Here are some other rumors making the news Thursday. Google Inc. puts a DoubleClick Inc. unit on block, according to The Deal's Tech Confidential.Jamie Dimon, CEO of J.P. Morgan Chase & Co., said he would not have offered to buy Bear Stearns Cos. if the Federal Reserve had not lent a hand, Reuters reports.News Corp.'s MySpace is announcing a music service joint venture with several big entertainment companies. PaidContent and Silicon Alley Insider have the details. Craigslist will rake in $81 million in revenue in 2008, according to a report in Classified Intelligence, and Silicon Alley Insider reports the valuation...
Thornburg Mortgage Asset Corp. has failed to meet $610 million of margin calls from lenders, according to MarketWatch, putting the lender on TheDeal.com's Bankruptcy Insider warning list. ...
