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

The business model for mortgage REITS and other Non-Bank lenders is experiencing a rapid de-leveraging.  A new financial framework will probably emerge as these institutions fight for survival.  The impact to asset prices could be devastating to the economy in the short-run as everyone...

Implicatons: 1.A Cash windfall exceeding expectations using Common Stock vs Preferred Stock.Incentives for the Shareholder - unknown.Incentive for the Capital Markets - control. 2.A Credit Card Association restructuring in a downward spiral market May Be the ONLY chance for survival. 3.Global Operations...

There is always much to be learnt from a crisis, and even when the right lessons are learnt, there is real danger that the actions taken will be misguided. This appears to be the case with the recommendations of the President’s Working Group on Financial Markets. By being prescriptive and detailed...

Implications: 1.Inadequate Capital is properly sustained by Financial Rating Criteria. 2.The Institution moves toward splitting its' Municipal Bond and Structured Finance Businesses - A proper reflection of inadequate Capitalization. 3.Under Capitalization is due risky Financial Structered Financial...

If you don't have their 10-K handy, I did find one reference to margin situation that may help ( and of course the rest of their financials are readily available). Maybe someone with insight into ARM pricing could elaborate on these comments from TMA managment.

The US housing and mortgage crisis has mushroomed into a new level of adversity. When will this bleeding subside and ultimately come to an end? Is the market near a bottom yet? Are there any upside opportunities? Will the bank, thrift and mortgage industry's pain turn into someone's gain?

Implications: 1.A Private Equity firm MAY require an additional Capitalization or Cash Infusion. 2."Risk" factors are Material and many concerns are abound as management , clearly, identifies a weakness. 3.Excessive losses have surfaced and it is very likely that the auto and mortgage lender will...

Senator Chris Dodd, Chairman of the Banking Committee grilled bank regulators on 3.4.08 to determine why regulators didn't intervene as loose lending standards led to a meltdown in the mortgage market and caused a credit crunch that could thrust the U.S. economy into a recession. Regulators Donald Kohn...

The House Committee on Oversight & Government Reform will grill Angelo Mozilo, Countrywide's CEO, Charles Prince-former CEO of Citigroup and Stan O'Neal-former CEO of Merrill Lynch, when they testify on 3.7.08, as lawmakers examine if there is a link between "executive pay" and the U.S. mortgage...

The announcement by the State of Pennsylvania is reflective of at least two issues: the failed market for auction priced student loans, and the deteriorating balance sheets of some of the lenders. Although there is a reference to the reduced Federal subsidies, this change has been in the market...