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

a) existing federal, state amd municpal compliance check and balances exist b) move Rating Agency solutions to subprime mortgage losses in the large secondary market traunces into the origination systems & procedures

Washington Mutual's decision to exit the Wholesale mortgage market along with the demise of othe wholesale lenders and similar exit of wholesale by yet other lenders will severely affect Mortgage Brokers ability to properly place loans for clients. This of course could be a significant opportunity for...

Implications: 1.The Financial Institution makes a strategic decision to eliminate "Risk" by terminating residential mortgage loans through the independent mortgage broker. A new market must emerge . 2.The risks to the lender: 1. To gain business by offering Competitive Rates and, 2. Reliance on buyer...

However it is resolved Neiman Marcus’s ugly spat with HSBC is a harbinger of a deteriorating credit environment and of Neiman Marcus’s coveted private label (P/L) credit card portfolio being in play in 2010.

Continued from part 1.

As subprime mortgage losses cascade throughout the global financial system, attention has turned to the structure and performance of the bond rating industry. Faulty ratings on securities backed by subprime mortgages are believed responsible for billions of dollars in losses. This White Paper argues...

Through mid 2008 these will continue to be the drivers of home loan financing. Coming up quickly will be HUD/FHA. The unkown related player will be community banks, credit unions and small regionals. There is a problem that is already surfacing, add on fees by the banks using these groups for fundi...

Washington has an enormous ability to manipulate inflation and employment data. It does this to continue the illusion of economic growth.  When successful, this deception keeps consumer confidence high, promising excess spending on imports. Asia and Europe are happy to buy U.S. Treasuries...

CIT Group drew down emergency credit lines totaling $7.3 billion in March 2008, after being cut off from customary sources of cash, forcing CIT to scrap its government-backed student loan program on 4.3.08. Due to its weak position, CIT may be a prime takeover target. The lack of investor demand has...

Implications: 1.It questionable, at best, that PRIVATE Sources have of Finance have disappeared.Perhaps, non-involvement in bad decisions is a proper statement of fact. 2.A critical component of the matter , at hand, is the availability of fresh funding for the declining US housing price scenerio. 3.Government...