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

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Gregory Samp Posted February 5, 2008
Mortgage loan restrictions by zip code or county: Prudent reaction to the declining housing market or redlining?
Analysis of: Zip Code 'Redlining': A Sweeping View of Risk | www.washingtonpost.com
Author: Gregory Samp, Principal Maximum Value Group
Fannie Mae announced on December 5, 2007 that down payment requirements will be increased by 5 percentage points over the previously allowed minimum down payment in areas identified as declining.  While Fannie’s Desktop Underwriter (DU) will generate a message on loan casefiles when it appears...
Gregg Kail Posted February 5, 2008
Microsoft advancing in mobile with Yahoo
Analysis of: Yahoo Deal Is Big, but Is IT the Next Big Thing? (NYT-Feb. 3) | www.nytimes.com
Author: Gregg Kail, Former Reseller Manager AT&T Corp
Beyond innovation catch-up, Microsoft’s acquisition of Yahoo has three advantages from the AT&T/Yahoo co-marketing: 1) Broadband subscribers; 2) Advertising revenue; 3) Mobile migration.
Posted February 4, 2008
Financial Regulators Persist in Recycling Models That Have Repeatedly Failed
Analysis of: Will 6 Be a Lucky Number for Halston? (NYT-Feb. 3) | www.nytimes.com
Author: GLG Member Program Contributor
The article lays out a scenario in the fashion industry that has led to repeated failure.  A similar scenario has played out in the financial services industry, causing hundreds of billions to be lost each time. Quoting from the article:  "But millions and millions of dollars went down...
Posted February 4, 2008
Microsoft May Be Floundering, but Big Banks Are Lost
Analysis of: Yahoo Deal Is Big, but Is IT the Next Big Thing? (NYT-Feb. 3) | www.nytimes.com
Author: GLG Member Program Contributor
1.  The article questions whether Microsoft's pursuit of Yahoo means that it has lost its ability to innovate and is instead trying to catch up by looking backward at a company that competes for online advertising, a business that may be eclipsed by an unknown startup. 2.  The article refers...
Posted January 31, 2008
Stabilization of Capital Position.
Analysis of: ACA wins more time from trading partners | www.ft.com
Author: GLG Member Program Contributor
Implications: 1.Ability of claims-paying base is not in sequence with corporate and mortgage debt securities. 2.Bond Insurers: MBIA and AMBAC value basis of shares have fallen. 3.A Waiver of all collateral requirements has or may not be effective. 4.A massive sell-off of all asset-based collateralised...
Posted January 28, 2008
"Beyond Payday Loans," The Wall Street Journal, January 24, 2008 - The Rest of the Story
Analysis of: Beyond Payday Loans | online.wsj.com
Author: GLG Member Program Contributor
The article fails to acknowledge that banks and credit unions have been generally unsuccessful in their attempts to establish relationships with the unbanked.  It does, however, call attention to two generally unrecognized truths:  productive use of financial services is the gateway to...
Posted January 28, 2008
Payday Loans: New Rules
Analysis of: Beyond Payday Loans | online.wsj.com
Author: GLG Member Program Contributor
Implications: 1.Higher fees for paycheck pay-out and high-priced loan repayments are, now, a disaster for the general public. 2. Financial Institutions gauge the public with insurmountable fees. 3.Thousands of dollars will be paid by the consumer for churning the salary into cash. 4.Responsible consumer...
Posted January 28, 2008
Beyond payday loans to a new middle class?
Analysis of: Beyond Payday Loans | online.wsj.com
Author: GLG Member Program Contributor
The recent article by Bill Clinton and Arnold Schwarzenegger outlining a new financial services initiative in California should be welcome news to the millions of workers using payday services.  As the traditional middle class is breaking apart and their vulnerabilties have been exposed in...
Posted January 28, 2008
A Government indeed that helps its poor in need
Analysis of: Congress Unveils Economic Stimulus Deal | biz.yahoo.com
Author: Harnath Sithamraju, Consultant Harnath Sithamraju
1.Tax cuts for people in financially good shape. 2. A knee-jerk reaction to limit a possible economic recession.
Brian Hershkowitz Posted January 28, 2008
The Finger Pointing Continues In The Subprime World
Analysis of: Loan Reviewer Aiding Inquiry Into Big Banks | www.nytimes.com
Author: Brian Hershkowitz, Chief Executive Officer Maximum Value Group
This article is illustrating finger pointing looking for a villain, instead of "post-mortem" to find a hero.  What the industry needs is a clear plan for rebuilding the subprime securitization market.  In my opinion, a great part of that will be tied to the outsourced due diligence function,...
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