2 Articles match "Instrument","July","Real Estate"

The Latest from RealtyTrac MORE
What's Causing the Credit Crunch?
Meanwhile, nervous lenders have responded by tightening their lending standards, making it more difficult and expensive for real estate investors and homeowners to borrow money, according to new survey conducted by the Federal Reserve in July. mortgage lender, reported that foreclosures reached a five-year high in July. So, A lively debate is ensuing as to why the mortgage industry is unraveling and who’s to blame for the growing credit crunch that is sabotaging the housing industry. Wall Street analysts, main street investors, corporate executives and government bureaucrats all
www.foreclosurepulse.com - Tuesday, December 16, 2008
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The $3 Billion Foreclosure Payday
During the housing boom, Wall Street began repackaging mortgage securities into instruments called collateralized debt obligations, or CDOs, and selling slices of these securities to investors at varying levels of risk. In July 2006, the ABX index began with a value of 100, but it soon fell to 60 and Paulson’s profits began to pile up. And things are looking You may not know who John Paulson is, but you soon will. Last year, Paulson made $3 billion betting on foreclosures .
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • What's Causing the Credit Crunch?
    Meanwhile, nervous lenders have responded by tightening their lending standards, making it more difficult and expensive for real estate investors and homeowners to borrow money, according to new survey conducted by the Federal Reserve in July. mortgage lender, reported that foreclosures reached a five-year high in July. So, A lively debate is ensuing as to why the mortgage industry is unraveling and who’s to blame for the growing credit crunch that is sabotaging the housing industry. Wall Street analysts, main street investors, corporate executives and government bureaucrats all
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • The $3 Billion Foreclosure Payday
    During the housing boom, Wall Street began repackaging mortgage securities into instruments called collateralized debt obligations, or CDOs, and selling slices of these securities to investors at varying levels of risk. In July 2006, the ABX index began with a value of 100, but it soon fell to 60 and Paulson’s profits began to pile up. And things are looking You may not know who John Paulson is, but you soon will. Last year, Paulson made $3 billion betting on foreclosures .
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE