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The news that big banks will embark on ambitious programs to modify mortgage terms has been hailed as good news for the economy. But there's a downside, if you're an investor in the mortgage... Read more...
How far are we from the bottom? Well, there are plenty of signs that we're not there yet; Fannie Mae's big loss is one indication. So it certainly can't hurt that more banks--IndyMac seems to have... Read more...
Goldman Sachs loves playing the role of white knight. It now say it is willing to commit up to $50 billion to buy bank assets. Goldman plans to talk to regulators to identify appropriate... Read more...
The two firms that arguably fared the best though the credit crunch--Goldman Sachs and JPMorgan Chase--might run into a bit of turbulence in... Read more...
Fortune has come out with a list of top private equity firms according to recent fund raising activity, and the big winner is the Carlyle Group. Yes, its mortgage-backed securities fund stumbled, but... Read more...
It has been a long, hard road for E*Trade. The rumor mill has been unkind to it, and it still is not out of the woods. Fortune notes that since October, E*Trade has watched $56 billion in customer... Read more...
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... Read more...
The bitter medicine is still going down at the Carlyle Group. It is still talking with major banks to avoid a fire sale of about $16 billion in securities, mainly mortgage-backed securities. Read more...
Not too long ago, Peloton was on top of the world. According to The Economist, it racked up nearly a 90 percent gain last year, going long on the highest rated tranches of mortgage-backed securities... Read more...