Ally Securities Exits Mortgage-Related Broker Dealer Activit [Foreclosuregate] - MarketTicker Forums


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User Info	Ally Securities Exits Mortgage-Related Broker Dealer Activit in forum [Foreclosuregate]
Bearshort Posts: 4489 Incept: 2007-09-13 NYC Online	Ally Securities Exits Mortgage-Related Broker Dealer Activities This was the division securitizing MBS, FYI. ---------- "How long to the point of know return?" Enemies of the State: Bernanke, Geithner, Frank, Dodd, Greenspan, Paulson. Last modified: 2012-04-09 14:27:05 by bearshort 2012-04-09 14:25:38 Permalink
Andysvw Posts: 1753 Incept: 2010-06-26 Tujunga Ca	Apparently not to big to fail. They know whats in the box. You dont walk on that kind of game unless? 2012-04-09 21:55:59 Permalink
Xqqme Posts: 627 Incept: 2009-01-09 Ohio	http://www.nytimes.com/2012/04/11/busine.... Lenders returning to lucrative subprime mortgage market! WTF? 2012-04-12 09:57:09 Permalink
Antone Posts: 7689 Incept: 2008-02-03 Seditionia, USSA	Of course they are. They know the government has their back if anything 'bad' happens. Moral hazard is out of ***ing control right now. ---------- As if anything has changed: Wir sind gefickt. 2012-04-12 10:56:34 From PDA* Permalink
Bigbluffer Posts: 1330 Incept: 2010-11-01 NC	Quote: Lenders returning to lucrative subprime mortgage market! WTF? No. The MBS market is dead. Lenders killed it when they passed off crappy loans as AAA-rated risk. Investors aren't interested unless the securities have a government guarantee, i.e. Fannie or Freddie. What the lenders are doing is switching assets. I don't remember where I read it but the amount of Asset Backed Securities containing auto loans have gone from a little over $2 billion in 2007 to somewhere around $11 billion in 2011. Many of these auto loan are subprime, with lenders having relaxed their underwriting criteria, willing to discount recent bankruptcies, etc. as transient difficulties. 2012-04-12 22:48:05 Permalink
Rvacha Posts: 8300 Incept: 2008-10-03 Cleveland Online	Yep, Ally is just focusing its taxpayer dollars on funding subprime Government Motors loans ---------- "I suggest you panic." - Hugh Hendry 2012-04-14 08:43:26 Permalink
Hstella Posts: 284 Incept: 2009-08-18 Colorado Online	Car loans baffle me. Why would you use anything but the most stringent criteria when your collateral deteriorates so sharply in value? 2012-04-14 12:30:58 Permalink