All GLG News Analyses Filed Under: Mortgages, Consumer & Specialty Finance

Countrywide is denying rumors that it may be filing bankruptcy in face of a sharp decline in share price of as much as 79% in 2007, a credit crunch, record level defaults and a doubling in foreclosures and current economic conditions in the U.S. Investors are jittery about Countrywide and mortgage related...

The USA HOUSING MARKET has a big impact on Australian Housing Market based on Risk analysis on the global economy and trend.so the present instable american housing Market has a large implecation on Australian Housing market thus it is very important that US ECONOMY IS STABLE and get better,...

The UK's Government has asked Goldman Sachs to find new financial backers who are prepared to back a private sector solution and put together a financing package to rescue Northern Rock. The two rival bidders, Virgin Money and Olivant's funding problems may jeopardize their proposals because lending...

1 Rating agencies should perhaps step back a little from ratings based largely on what they put forward as immutable quantitative stress tests that were not supposed to change with the credit cycle and turn a bit more to judgment and subjectivity because credit is not just a numbers game. ...

Press commentaries on looming bond insurer downgrades are depressing share prices but don't really address some fundamental differentiating factors between the insurers nor do they take into account the nature of bond insurance.  Three issues are key: (i) structure of the bond insurance / financial...

Boards of directors need to do a better job of evaluating legal advice with respect to the needs of the business. Slavish adhearance to doom sayer lagal advise without consideration of creative business alternatives and solutions is not good business practice.

Notwithstanding skittishness about the subprime mortgage implosion and a possible impending economic slowdown or even recession, US credit card credit performance remains strong by historic terms.   While most borrowers do indeed let their card debt go bad before their mortgages, a very relevant...

GE is considering divesting its US credit card business. Chase, Citi, HSBC, Barclays, RBS and BNP could each have a rationale to acquire it. Carrying the logic further there’s an argument for spinning off GE Money in toto.  

The increase in non-recoveries are a direct result of Countrywide's former lending on an unscientific basis. The increase in its ultimate NPAs is the real position for which corrective measures have to be taken. The news about increase in deposits from 24 billion $  to 31 billion $ in one year...

Banking, mortgage, capital markets and other industry participants are comparing the current “subprime” mortgage market meltdown to the U.S. Savings and Loan crises whose roots were caused by archaic deposit and loan regulations and nurtured under the Reagan administration’s hands off regulatory watch...