market
Loans Need Call Protection to Get Bond Buyers as Market Shrinks
Loans Need Call Protection to Get Bond Buyers as Market Shrinks
The leveraged-loan market needs to incorporate call protections to compete with high-yield, high- risk bonds and attract new investors as traditional lenders disappeared after the credit crunch, CreditSights Inc. says.
Read more on BusinessWeek
Get crossways negative gearing rules
There are two key tests applied by the tax office when assessing if an investment loss is tax-deductible. The first is to establish the taxpayer’s intention and the second is the commerciality of the transaction.
Read more on Brisbane Times
I Survived Real Estate 2008 – Part 16
I Survived Real Estate 2008 picks up with the panel interview from the last session where Bruce Norris speaks about how Wall Street keeps calling to find out when bottom is so they can profit even though they are part of the reason were in this current situation.
Rick Sharga speaks about massive pools of money purchasing these loans at deep discounts and then fixing the principles of the people in the homes.
Bruce then responds by speaking about HR3221 about how HUD can purchase first trust deeds at a discount and how the new structure would grant them to modify the loan of the mortal in the property. Bruce worries about the ramifications of this program. It is limited in who can apply since it applies to adjustable mortgages only. The people who really get burned are those next door who eligible for a fixed loan and are making the payments. They did everything correctly but they dont apply for the principle reduction. With California being a non recourse state, Bruce worries the dominos that might fall. Bruce then asks Philip Tirone if bailing from mortgages is becoming more acceptable.
Philip states clients dont care about the moral issue of travel away; they are more concerned about the credit ramification. Philip speaks about the raised loan limits and how everyone thought it would make a difference. They think things are going to help but when you get into the legislation, it doesnt.
Bruce concurs with Christopher Thornberg in that the median price has to become more reasonable. Christopher thinks another 6 months and everyone will qualify.
Tommy Williams brings up the very important point of moral hazard in letting something like bailouts occur. Not holding consumers accountable sets up a larger problem for the future.
Bruce asks Christopher about Merrill Lynch taking .22 cents on the dollar for a $30 billion package of CDOs. He states they actually got 5% in cash and carried back a note and guaranteed the pile. Bruce asks whose money was actually lost. Christopher states it was the consumer investing in their company. Christopher states this buyout is another instrument and bookkeeping mechanism. The financial system, Christopher says, is an absolute mess. All banks are having a difficult time. Were having an issue with cash because of it. [Part 17 Continues the panel discussion]
Platinum Sponsors:
The San Diego Creative Investors Association (SDCIA): http://www.sdcia.com/
Investors Workshops: http://www.investorsworkshops.com/
Frye / Wiles: http://www.fryewiles.com/
Proxibid: http://www.proxibid.com/
White Home Catering: http://www.whcatering.com/
MVT Productions: http://www.mvtproductions.tv/
Pechanga Resort and Casino: http://pechanga.com/
The Denver Nuggets: http://www.nba.com/nuggets/
The Chicago Bulls: http://www.nba.com/bulls/
The Cleveland Cavaliers: http://www.nba.com/cavaliers/
Gold Sponsors:
7 Steps to a 720 Credit Score and Philip X. Tirone- http://www.7stepsto720.com/
Chicago Title – https://www.ctic.com/
Elite Auctions – http://www.sellwithauction.com/
Foreclosure Trackers – http://www.foreclosuretrackers.com/
Investors Resource Center of USA LA and Steve and Robyn Love – http://www.irca-losangeles.com/
Las Brisas Escrow – http://www.lasbrisasescrow.com/
National Club of Real Estate Investors and Sam Saddat – http://www.ncrei.com/
Northern California Real Estate Investors Association (Norcalreia) and David Granzella – http://www.norcalreia.com/
North San Diego Real Estate Investors and Linda Wessels – http://www.nsdrei.org/
RealtyTrac – http://www.realtytrac.com/
RE Ventures and Michael Pines – http://www.reventuresrealty.com/
Real Estate Investors Club of Los Angeles and Phyllis Rockower – http://www.realestateclubla.com/
Real Wealth Investor and Scott Whaley – http://www.realwealthinvestor.com/
Saddleback Valley Communities – http://svc4.com/
Silverstar Finance and Janet French – http://www.silverstarfinance.com/
Sunset Hills Memorial Park and Mortuary – http://www.sunsethills.cc/
The Mission Inn – http://www.missioninn.com/
The Mortgage Equity Group – http://themeg.net/
The Naked Real Estate Investor Club – Rosie Nieto – http://www.nakedrealestateinvestorsclub.com/
The Short Sale Processor and Nick Manfredi – http://www.theshortsaleprocessor.com/
Virtual Real Estate Tour and Layla Tusko – http://1wealthcreation.com/
Wholesale Capital Corporation – http://www.wccmtg.com/
Duration : 0:8:13
Elliott Says Bank Tax Should Aim Not to Deter Lending: Video
May 4 (Bloomberg) — Douglas Elliott, a fellow at the Brookings Institution, speaks with Bloomberg’s Mark Crumpton and Lori Rothman about the proposal from President Barack Obama’s administration for a Financial Crisis Responsibility Fee.
The Obama administration has asked Congress to enact a financial responsibility fee to recoup the costs of the Troubled Asset Relief Program. (Source: Bloomberg)
Duration : 0:2:53
Crash Course: Chapter 7 – Money Creation by Chris Martenson
Crash Course Chapter 7 (Money Creation): Understanding how money is created provides a foundation for appreciating the implications of our big levels of debt, because it tells us how that debt came into being. As John Kenneth diplomat once said, “The process by which money is created is so simple, the mind is repelled.” Dr. Martenson walks us through this easy process of fractional reserve banking.
http://www.chrismartenson.com
Duration : 0:4:20