GLG News by Asset Backed Securities Experts

While it is true that investors risk money on potential returns and soundness of the underlying assets, it is also true that both the packager and the investor have analytical staff whose job it is to understand the investment. The underlying collateral of mortgages does have the value of the stream...

Citigroup's eroded capital ratio will put added pressure on the company to reduce its dividend payment or take other steps to protect its capital position.

The logic behind the super-SIV has been fatally flawed from the start because a cornerstone of the proposed solution relies on the original cause of the problem, the lack of transparency, and therefore could be more harmful than helpful.

Potential Lawsuits, repurchase demands and flawed collateral documentation will cause many more problems than the intended solution will solve. The limited nature of the eligible loans will be far less than the 1,000,000 loans identified by the administration. The parties making the agreement do not...

The rate-freeze approved and being implemented by the government is not nearly the answer to the problems facing the Mortgage Industry, or the Financial District as a whole. The problem is systemic, and the solution is only one of a bitter pill to swallow.

HSBC's indications do not necessarily indicate the extent of change in the market. Since HSBC is very forthcoming with their news, they do not capture some lenders who have not been in the past. These other lenders, some of whom are significantly larger than HSBC, have been deferring some wirte offs...

Leveraged loan will cause more losses in case CLO market seizes further. Banks as CDS counterparty will have to recognize losses when swap writer face default. Funding for loans will be much more scarce.

It's time for Citigroup to stop obfuscating on the quality of the assets in its unaffiliated SIVs and sponsored multi seller conduits, all to the detriment of its market cap.

Asset Protection must include liabilities as well as assets! Astute Debt Collectors can collect on even statute (time) barred debts! How? Turn a civil claim into a criminal claim.  The Daily News article highlights statue barred debts.  Very helpful for small debts. But when debt-collection...

Mr. Ross' acquisition of American Home Mortgage's servicing unit is a bold attempt to continue his legacy of "turnarounds" in the business arena. Like Merrill Lynch's purchase of First Franklin, Ross' move may disprove the adage "when there's blood in the streets, buy real estate", and prove the "Greater...