S&P 500 Overvalued by 40%, Set to Fall, Says Smithers

Wednesday 28th of July 2010 03:03:31 AM
Posted by admin / Under Asset Backed Securities Index

The U.S. Standard & Poor's 500 Index is about 40 percent overvalued and headed for a drop as central banks pull back on securities purchases that pushed up asset prices, according to economist Andrew Smithers.

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Not Just a Price Floor: Treasury Bonds and the F.D.I.C.

Wednesday 28th of July 2010 03:03:31 AM
Posted by admin / Under Asset Backed Securities Index

What really gives when it comes to the Federal Reserve buying Treasury debt and supporting the bond market? The U.S. Treasury’s much-maligned Term Asset-Backed Securities Loan Facility (TALF) and its new “prequel,” the Public-Private Investment Program (PPIP) have been viewed by the markets and skeptical prospective participants as merely a...

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Banks want the old bailout back

Wednesday 28th of July 2010 03:03:31 AM
Posted by admin / Under Asset Backed Securities Index

Two months after Treasury Secretary Henry Paulson pulled the plug on his plan to buy troubled mortgage assets, the financial industry is pushing the government to reconsider. U.S. banks continue to hold hundreds of billions of dollars of mortgage-backed securities that, if downgraded, could lead to another round of damaging writedowns.

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Can This Man Save Wall Street (After He Helped Mess It Up)?

Wednesday 28th of July 2010 03:03:31 AM
Posted by admin / Under Asset Backed Securities Index

BlackRock's Larry Fink helped popularize the same mortgage-backed securities that nearly poisoned the banking system. Now his firm is making millions cleaning up these toxic assets.

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Step 7: Prioritise your debts

Wednesday 28th of July 2010 03:03:31 AM
Posted by admin / Under Asset Backed Securities Index

You have two types of debts. Secured debts are those that have assets backing them up—they can be repossessed or taken back. They include your home and your cars.

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Reaching a CMBS Pooling and Servicing Agreement

Wednesday 28th of July 2010 03:03:31 AM
Posted by admin / Under Asset Backed Securities Index

The process of reaching a commercial mortgage backed securities (”CMBS”) Pooling and Servicing Agreement (”PSA”) begins with issuers offering a tentative pool of assets for the transaction and determining who will be the depositor for the transaction.

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