Tag:
Delinquencies
Latest Headlines
Latest Headlines
Email evidence in the would-have-been Mozilo trial
The Angelo Mozilo-SEC settlement is "a signal event in the credit crisis and its aftermath," according to the New York Times . Mozilo is indeed the first CEO to be held personally accountable for dubious corporate conduct that proved so ruinous to so many. It would have been a fascinating trial
Tough times ahead for banks
After showing distinct signs of recovery earlier this year, bad loans surged in the third quarter, as did delinquencies. According to Moody's, as reported by the AP , this bodes ill for the banking industry over the next year or so. Indeed, the credit rater says U.S. banks have so far only rese
Can banks weather the commercial real estate storm?
It's become sort of a cliché as of late to note the looming storms represented by souring commercial real estate loans. But how bad will it be?
CNNmoney.com notes that in testimony before the Congressional Joint Economic Committee , a Fed associate director of banking supervision a
Banks face uncertainty on card reserves
Moody's reports that the monthly credit card charge-off rate has risen again in May to another record high, for the sixth straight month. Zacks says the charge-off rate rose to 10.6 percent in May from nearly 10 percent in April. The pace of increase may moderate. Moody's expects a peak of aro
Navigating the Hedge Fund Maze
Beginning this month, FierceFinance will offer a retrospective of hedge fund news from the previous month. In our first look back, we review August, which wasn't exactly a banner month for hedge fund performance. Special Report
(Adjustable Rate Mortgages, Delinquencies, Option
Alt-A loans, the coming convulsion?
There is a subtle undercurrent of fear on Wall Street about Alt-A loans. JPMorgan has about $19.5 billion worth of exposure to Alt-A mortgages, and it likely is not alone. I would be surprised if banks have written off much against these assets. CalculatedRISK notes that "subprime delinquencie
Are Alt-As next to blow up?
The Financial Times notes that the many rumors that UBS had sold its entire portfolio of Alt-A related bonds to Pimco may well have been true, given the big UBS writedown this week. Some think the sale valued the bonds at around 70 cents on the dollar. So far, Alt-A-backed securities have hel
Subprime delinquencies still rising
Don't think it's almost over. Delinquencies for subprimes extended in 2005 to 2007 are still rising, according to Standard & Poor's. For 2005 and 2006, the increases have been boosted to the 35 percent level. For subprimes issued in 2007, the increase has been higher, to about 25 percent. You
