GLG News by Sub Prime Mortgage Backed Securities Pricing Trend Experts

The world wide credit crunch is being felt in Spain. Owners can't afford their mortgages and are moving back to thier home countries but HAVE to sell. Bargains are to be had, you just have to find them!!

Spanish property in some areas has increased by 20% or more per year but not any more. Shrewd investors are taking stock and purchasing cheap Spanish property with a view to a future gain. Developers and promoters are offering massive discounts and offers to buyers to sell properties they may end up...

This article is important because it announces and describes: a) the US Treasury's support of covered bonds, an on-balance sheet method of funding mortgage originations, as an alternative to off-balance sheet mortgage securitizations or mbs b) Four major US banks announcements of their intentions to...

Long gone are the days of double digit appreciation in home values as money tightens among fears of rising foreclosures. Foreclosures that could have been stopped if the secondary market had not stopped funding loan pools that included sub-prime loans. Now people with 2 and 3 year sub-prime loans do...

It is still too soon to tell if the housing crisis has bottomed out. Foreclosures in April rose another 65%, per RealtyTrac.com and over 1.2 million people are in some stage of foreclosure. We will not be able to tell when the housing crisis hit bottom until years after it hit. Ask any economist and...

This article is important because if it were not for the fright of our banks over sub-prime loans we would not be in this mess in the US and now they are threatening the foreign markets. Banks play an integral role in our secondary markets and because of that and their bearish beliefs on a sector of...

This article summarises Temasek's recent equity investment in Merrill, including the price paid and future intentions.  Temasek appears to be more than satisfied with its investment and is inclined toward similar investments (financial institutions undervalued due to over-estimates of subprime/CDO...

This article is important because it reveals the current efforts of banks to sell off leveraged loans and contrasts such efforts with past sales.  The fact that banks are offering price guarantees and discounts to buyers of loans related to buyouts of recession-proof companies is an indication...

This article is important not only because it announces a US$1.3 billion write-down of UBS' fixed income portfolio, but because it parallels the situation with that of Bear Stearns' (huge write-downs followed by the "departure" of a key executive) and questions whether there are more of such "disclosures"...

This article announcing Morgan Stanley's plans to invest in Jutian Fund Management is important because it reveals another component of Morgan Stanley's investment strategy.   It also indicates that wealthy Chinese may be a more lucrative target for foreign investors, as opposed to the potential...