Posts tagged with: "distressed-debt"
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9 Oct 2008, 2:35 pm
The debt is being refinanced, by the last institution that can. [read post]
9 Oct 2008, 5:09 am
But not every bank that holds a mortgage by a distressed homeowner will itself need federal rescuing. [read post]
8 Oct 2008, 6:06 pm
If we will be buying them at market--isn't that exactly what is happening now, when secondary market bottom fishers buy up the toxic debt at distress prices and undertake to do the workout themselves? [read post]
8 Oct 2008, 9:17 am
Currently, bankruptcy judges can do this with all debt -- except for mortgages. [read post]
7 Oct 2008, 4:33 pm
And we are likely too to see vulture funds buying up distressed stock debt and claims with a view to pursuing possible routes of recovery aggressively. [read post]
7 Oct 2008, 8:43 am
The funds are being used by the group, Pa'amonim, to provide budget counseling to those in financial distress. [read post]
6 Oct 2008, 9:12 am
Some jurisdictions are already canceling debt issues approved by voters. [read post]
3 Oct 2008, 5:51 pm
And requires the government to use its status as an large-scale owner of distressed, mortgage-backed securities to take more aggressive steps to prevent foreclosures. [read post]
3 Oct 2008, 8:37 am
So after the House of Representatives votes down proposed legislation that would give the Secretary of the Treasury $700 billion to use however the Secretary wished to purchase toxic debt that no one else wants, the Senate takes its turn. [read post]
2 Oct 2008, 2:56 pm
Here's the abstract: For over a century, bankruptcy has been the primary legal mechanism for resolving consumer financial distress. [read post]
29 Sep 2008, 6:06 pm
Treasury could buy mortgage securities at deep discounts, causing banks and investors to absorb losses (much of which they have already reserved for), and then aggressively restructure the underlying mortgage debt, passing on writedowns to homeowners in distress. [read post]
29 Sep 2008, 4:35 pm
After today's bailout plan, Democrats must explicitly promise to help out distressed homeowners with a modern day HOLC. [read post]
29 Sep 2008, 1:39 pm
The Treasury plan also does not explicitly include an HOLC-style program to reduce across the board the debt burden of the distressed household sector; without such a component the debt overhang of the household sector will continue to depress consumption spending and will exacerbate the current economic recession. [read post]
29 Sep 2008, 12:20 pm
While Congressional leaders continue to negotiate the terms of a bailout plan to relieve mortgage lenders and investment banks of their distressed mortgage debt, a shareholder derivative action has been filed against PFBB Bancorp ("PFBB") and several of its directors and officers in the Delaware Chancery Court to enjoin a proposed merger between PFBB and FBOP Bancorp ("FBOP"). [read post]
28 Sep 2008, 9:23 pm
The total amount of WaMu’s debt outstanding may be as much as $28 billion. [read post]
28 Sep 2008, 1:34 pm
Another reason why the deal is good: Among the last sticking points was an unexpected and bitter fight over how to pay for any losses that taxpayers may experience after distressed debt has been purchased and resold. [read post]
28 Sep 2008, 8:18 am
A tentative deal has been reached: The plan calls for the Treasury Department to buy deeply distressed mortgage-backed securities and other bad debts held by banks and other investors. [read post]
28 Sep 2008, 7:33 am
The plan calls for the Treasury Department to buy deeply distressed mortgage-backed securities and other bad debts held by banks and other investors. [read post]
28 Sep 2008, 6:21 am
Bush and Congressional leaders including Speaker of the House Nancy Pelosi and Senate Majority Leader Harry Reid agreed early this morning to a bailout of the nation's banks hit hard buy the downturn in the real estate market and the misuse of Subprime mortgage loans.The key provisions which still have to be transcribed to paper are as follows:The plan calls for the Treasury Department to buy deeply distressed mortgage-backed securities and other bad debts held by banks and… [read post]
26 Sep 2008, 7:33 am
Finally, making sure that distressed homeowners receive assistance -- through, among other things, access to bankruptcy proceedings, which are hardly pain-free and which are designed to require at least partial payment of loans -- is essential to address the underlying problem of nonperforming debt. [read post]
