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Finance & Development December 1, 2007 Randall Dodd |
Subprime: Tentacles of a Crisis The mortgage market turbulence is as much about the breakdown of the structure of U.S. financial markets as it is about bad debt. |
Finance & Development March 1, 2001 Suhas Ketkar & Dilip Ratha |
Securitization of Future Flow Receivables: A Useful Tool for Developing Countries During financial crises, developing countries cannot obtain low-cost, long-term loans. Securitization of future flow receivables can help investment-grade public and private sector entities in these countries raise funds in international capital markets... |
The Motley Fool June 27, 2007 Emil Lee |
Securitization Simplified Securitization is complicated, but understanding the mechanics will help you evaluate many financial companies. Here is a brief primer on collateralized debt obligations. |
The Motley Fool July 17, 2007 Sham Gad |
What Sparked the Subprime Explosion? Some really smart people have taken one asset -- the plain old mortgage -- and singlehandedly created layers and layers of financial instruments that are predicated on it. Like dominoes, one by one, these securities are now tumbling and leaving investors and homeowners to clean up the mess. |
CFO November 1, 2007 Vincent Ryan |
Debt in Disguise The boundaries between receivables securitizations and loans are blurring. |
The Motley Fool November 5, 2007 Sham Gad |
The 1987 Crash -- a Dress Rehearsal? If mortgages continue to deteriorate at such an accelerating pace, the result could make the October 19, 1987 Black Monday Crash seem like a dress rehearsal. |
Finance & Development June 2009 |
The Perfect Storm The IMF's Chief Economist explained in a November 2008 lecture how a crisis that began in mortgage-backed securities turned into the worst recession since the 1930s. |
HBS Working Knowledge January 20, 2009 Julia Hanna |
Risky Business with Structured Finance Even modest imprecision in estimating underlying risks is magnified disproportionately when securities are pooled and tranched. |
CFO Andrew Osterland |
Commercial Paper Chase If banks have to come clean about their off-balance-sheet leverage, get ready to pay more for money. |
Finance & Development June 2009 Ketkar & Ratha |
New Paths to Funding When financing is scarce, developing countries may try innovative approaches to raise capital |
Financial Planning December 1, 2007 Jerry Webman |
The Credit Crunch A Wall Streeter explains what happened and how the financial markets got into their current state. |
Commercial Investment Real Estate Sep/Oct 2005 Andrew Stewart |
7 Real Estate Finance Myths Unveiled Discover the market factors that really are influencing today's real estate transactions. |
National Real Estate Investor June 1, 2006 Matt Hudgins |
Why CDOs Are Hot With much of the world's investment capital seeking placement in commercial real estate, lenders are eager to help property owners liquidate portions of their equity and refinance through CDOs. |
HBS Working Knowledge December 21, 2009 Roger Thompson |
Good Banks, Bad Banks, and Government's Role as Fixer In his new book, Too Big to Save, HBS senior lecturer Robert Pozen tells us how to fix the system. |
CFO June 1, 2003 Tim Reason |
Securitization: False Security? Corporate insolvencies are testing whether securitization of illiquid corporate assets (such as receivables) is a stable structure or a flimsy facade. The legal standing of such transactions is unclear. |
Investment Advisor October 2007 Jason Brady |
Bottleneck While driven by fundamental weakness in U.S. real estate, in particular subprime loans, the current liquidity crisis has become a general lack of confidence in banking and financial institutions globally. |
The Motley Fool December 11, 2009 Jennifer Schonberger |
How Can We Revive the Securitization Market? Believe it or not, securitized loans made up a larger percentage of lending. Bob Pozen, chairman of MFS Investment Management has a way to revitalize the securitization market. |
Commercial Investment Real Estate Nov/Dec 2010 Michael Hamilton |
Ready for Reform? Dodd-Frank requirements may put the squeeze on borrowers. |
Financial Planning December 1, 2007 Elizabeth O'Brien |
Subprime Truths and Consequences The continuing credit crunch spotlights the perils of leverage. How should your financial advisory clients respond? |
Commercial Investment Real Estate Jul/Aug 2003 |
Ready for the Re Lender restraint helps keep markets stable. |
Real Estate Portfolio Jul/Aug 2002 |
A New Phase for Mortgage REITs Even beyond the numbers, mortgage REITs today are better prepared to deal with adverse environments than in the past. However, given their diverse business models and risk exposures, there are still challenges that remain. |
CFO March 1, 2003 Randy Myers |
Anxiety's Price New regulations call into question the value of off-balance-sheet financing, if only because of their impact on bankers' fees. |
The Motley Fool October 9, 2006 Dan Caplinger |
Know Your Numbers: Consumer Credit Use economic data to gain the upper hand in your investing. The Federal Reserve's consumer credit report provides some useful information about the borrowing practices of typical consumers. |
OCC Bulletin May 17, 2002 |
Interagency Advisory Interagency advisory on the regulatory capital treatment of accrued interest receivable related to credit card securitizations... |
FDIC FYI September 17, 2003 Susan Burhouse |
Evaluating the Consumer Lending Revolution Consumer balance sheets have become stretched by large amounts of new consumer and mortgage debt. This rapid increase in consumer spending and borrowing raises important questions about the sustainability of current debt loads and the vulnerability of the consumer sector to economic shocks. |
National Real Estate Investor June 1, 2005 Matt Hudgins |
Sounding the Alarm Bell on CMBS Lending The capital pouring into commercial real estate isn't limited to conduit loans, but the industry at large can't afford to ignore changes in CMBS standards because securitization has evolved to influence nearly all commercial real estate lending. |
Finance & Development September 2009 Randall Dodd |
Overhauling the System The United States is proposing the most radical reform of financial regulation since the New Deal. |
FDIC FYI October 28, 2003 |
The Changing Paradigm in Commercial Real Estate A transcript of a roundtable discussion with commercial real estate and commercial mortgage-backed securities experts |
Commercial Investment Real Estate Nov/Dec 2009 Steve Bram |
Capital Markets Conundrum Are there viable solutions to today's financing puzzle? |
BusinessWeek September 17, 2007 Dawn Kopecki |
The SEC Wants More Answers The Securities & Exchange Commission is expanding its probe into the mortgage mess. |
Financial Advisor November 2007 Mary Rowland |
Making Sense Of Chaos The mortgage meltdown has showed the uglier side of investing in dicey loans. |
Finance & Development December 1, 2008 Noel Sacasa |
Preventing Future Crises The financial crisis has exposed weaknesses in the current regulatory and supervisory frameworks and made it clear that we are in need of regulatory reform. |
BusinessWeek September 3, 2007 Peter Coy |
It's Out Of Bernanke's Reach There's little the Fed can do about the information gap behind investors' panic. |
Real Estate Portfolio Sep/Oct 2007 Dees Stribling |
Coming into Focus Mortgage REITs of all stripes tighten their lending practices to improve their outlook going forward. The subprime event may mark a permanent change in the business environment for mortgage REITs, as well as mortgage lenders and investors. |
FDIC FYI November 4, 2003 Puwalski & Williams |
Economic Conditions and Emerging Risks in Banking The two main economic concerns of the past two years, a lack of new jobs and lackluster business investment, finally appear poised to subside. |
Finance & Development March 1, 2002 Gerd Hausler |
The Globalization of Finance Financial globalization has brought considerable benefits to national economies and to investors and savers, but it has also changed the structure of markets, creating new risks and challenges for market participants and policymakers... |
U.S. Banker December 2009 Joseph Rosta |
Re-REMICs Redux Buying and selling reshuffled mortgage securities, where lower-rated assets are separated from tranches, is gaining bank favor. |
Commercial Investment Real Estate Jul/Aug 2012 Gantz et al. |
CMBS Concerns Are securitized loans worth the trouble? |
National Real Estate Investor October 1, 2005 Jennifer Popovec |
Global CMBS Warming Investors and borrowers in several countries are just now beginning to realize the advantages of CMBS: liquidity, higher yields and favorable financing rates. But a perceived lack of transparency, or financial disclosure by borrowers, concerns investors in non-U.S. CMBS. |
Reason January 2009 Michael Flynn |
Anatomy of a Breakdown Concerted government policy helped trigger the financial meltdown -- and will almost certainly extend it. |
Financial Advisor July 2007 Eric L. Reiner |
Housing Sings The Blues Real estate woes bring both worry and opportunity to the financial sector. |
OCC Bulletin May 22, 2002 |
Unsafe and Unsound Investment Portfolio Practices Description: Supplemental Guidance This bulletin alerts banks to the potential risk to future earnings and capital from poor investment decisions made at the current low level of interest rates... |
CFO February 1, 2008 Tim Reason |
Bending the Rules Efforts to contain damage from the subprime-mortgage meltdown are stretching accounting rules for securitization. |
National Real Estate Investor January 1, 2006 John B. Levy |
Wider Spreads Yield Opportunity Commercial mortgage-backed securities spreads have a habit of tightening early in the New Year, and the smart money seems to be betting on that occurring again in early 2006. But a new CMBS player has emerged, too -- hedge funds. |
U.S. Banker May 2007 Thomas P. Vartanian |
Crisis and Opportunity In Subprime Mortgage Markets Problems in the subprime mortgage business will inevitably lead to opportunities for those who can evaluate, service or manage the underlying loans, securities and real estate. |
National Real Estate Investor February 1, 2007 W. Joseph Caton |
Attached Strings to Conduit Loans As a property investor's real estate management needs and development skills expand, the nature of the loans that investor buys into begins to take on new meaning. |
U.S. Banker March 2008 Thomas Killian |
Surviving the 2007 Financial Crisis A four-point plan for bank managements and boards of directors to successfully weather these challenging financial times. |
FDIC FYI March 25, 2004 |
The Evolving Role of Commercial Banks in U.S. Credit Markets A careful analysis of U.S. financial sector data shows that banks' share of the financial services market has not shrunk to the extent that is commonly asserted. Moreover, banks have assumed leading roles in providing some of the newer types of financial services products, such as credit card securitizations and mortgage banking services. |
BusinessWeek May 7, 2007 David Henry |
How The Bad News Could Get Worse If delinquencies lead to downgrades of mortgage-backed securities, ripples could become waves. |
BusinessWeek August 27, 2009 James C. Cooper |
Business Outlook: Why Credit Growth Remains Slow Banks are still skittish about offering credit, and households and companies remain reluctant to borrow, creating drags on the recovery. |