Private plaintiffs and U.S. regulators alike have seized upon internal emails from the likes of JPMorgan Chase & Co and Deutsche Bank AG calling. 18 lawsuits the regulator filed in 2011 over some.
Half Of US Homeowners Will Be Underwater By 2011. About 75.5 million of these are homeowners. Approximately 68% of the 76 million, or 51.6 million, have mortgages. 14 million U.S. homeowners, 27% of those with mortgages, were underwater at the end of Q1 (DB estimates) DB estimates that nearly half of the 52 million mortgagors will be underwater by the end of next year.
· Deutsche Bank, for one, sees 48% of American home mortgages underwater by 2011. Consensus, true consensus, seems to be forming out there that the commercial real estate collapse poses a greater threat to the economy than the housing market implosion.
· US Markets read more.. Deutsche Bank agrees to pay $7.2 billion in settlement over misconduct in mortgage securities.. It will also provide .1 billion in relief to underwater.
Bear Stearns Makes $1 Billion Bet on Continued Subprime Woes In July 2007, two Bear Stearns offshore hedge funds specializing in mortgage. of subprime mortgage backed securities, and the subprime market went cold.. had a blow-out [profit and loss] month, making over $1Bln that month.". bet that the securities would collapse, and made $5 million on that bet.
The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market.
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· Most Americans See a Distant Housing Recovery. Daniel Indiviglio.. 48% said they would consider walking away from their home if their mortgage was underwater. That’s up.
A Deutsche Bank analysis of the battered housing and mortgage markets estimated that 25 million borrowers, representing 48% of all Americans with mortgage loans, will plunge underwater before home.
Housing Sinks: Bad Excuses Replace Skewed Metrics. Jun. 24, 2010 5:40 AM ET. as most of us have heard by. which suggests this percentage may rise to 48% through the first quarter in 2011..
(48%) and Europe’s Alternative Investment fund managers directive (AIFMD) (34%). "Investors see the benefits of regulations that improve their protection in terms of understanding what they are buying," says Jose Sicilia, head of Issuer Services at Deutsche Bank. "Things like MiFID and Basel III help to increase transparency.
Prime conforming and prime jumbo will make up 79% of all US mortgages and Deutsche estimates 41% of conforming and 47% of jumbo will be underwater, up from current levels of 16% and 29%, respectively.