Bloomberg
Trump Treasury Pick Ran OneWest During California Probe
Jan.04 -- A bank run by Steven Mnuchin, President-Elect Donald Trump’s pick to be Treasury secretary, may have engaged in "widespread misconduct" while foreclosing on homeowners, according to a leaked 2013 memo written by lawyers in...
Bloomberg
Gov't Has Made a Lot of Money From Fannie and Freddie, Jim Millstein Says
Mar.11 -- Jim Millstein, Guggenheim Securities co-chairman and former U.S. Treasury chief restructuring officer, discusses the unfinished business of the 2008 financial crises and the next steps for Fannie Mae and Freddie Mac with...
Bloomberg
Rookie Home-Flippers Get Burned in U.S. Downturn
May.09 -- A new crop of flippers, inspired by HGTV reality shows, real estate meetup groups, and get-rich gurus, piled into the market in recent years as rapid price gains helped the last property crash fade from memory. Many newbie...
Bloomberg
Where 400 Capital's Hentemann Is Finding Value in Credit Markets
May.09 -- Chris Hentemann, 400 Capital Management founder and chief investment officer, discusses where the value is in credit markets with Bloomberg's Erik Schatzker at the SALT Conference in Las Vegas.
Curated Video
Virginian federal workers recount shutdown pain
Federal employees received pay stubs with nothing but zeros on them Friday as the effects of the government shutdown hit home, deepening anxieties about mortgage payments and unpaid bills.
Curated Video
Virginian federal workers recount shutdown pain
Federal employees received pay stubs with nothing but zeros on them Friday as the effects of the government shutdown hit home, deepening anxieties about mortgage payments and unpaid bills.
Bloomberg
Nordea Bank CEO on Earnings Outlook, Dividend, European Banks
Jul.19 -- Casper von Koskull, chief executive officer at Nordea Bank, discusses his earnings outlook for the full year, their mortgage business, moving their headquarters from Helsinki to Stockholm, dividend strategy and banking in...
Bloomberg
Wells Fargo CFO Says Consumer Spending Fell 35%-36% in April
Apr.14 -- John Shrewsberry, Wells Fargo & Co. chief financial officer, discusses the bank's first-quarter earnings and outlook with Bloomberg's Scarlet Fu and Romaine Bostick on "Bloomberg Markets: What'd You Miss?"
Bloomberg
Mortgage Rates in U.S. Soar to 3.92%
Mortgage rates in the U.S. are getting closer to 4%. The average for a 30-year loan was 3.92%, up from 3.69% last week and the highest since May 2019, Freddie Mac said. Michael Simonsen of Altos Research talks about the state of the U.S....
Bloomberg
John Paulson Tells the Story of Wall Street's 'Greatest Trade'
Aug.31 -- John Paulson, Paulson & Co. president and portfolio manager, talks about the trade that made him billions and shot him to fame on Wall Street. He's on "Bloomberg Wealth with David Rubenstein." This was recorded Aug. 12 at...
Bloomberg
Why JPMorgan Is Increasing Liquidity in Fixed Income
Kelsey Berro, JPMorgan Asset Management fixed income portfolio manager, discusses the company's approach to the fixed income market amid rising rates. She speaks on "Bloomberg Surveillance."
Bloomberg
China Consumer Prices Jump, Adding to Inflation Concerns
Inflation in China accelerated last month, The consumer price index rose 2.7% from a year earlier to the highest level in two years. The producer price index increased 4.2%. Grace Ng, senior China economist at JPMorgan, discusses what...
Bloomberg
Santander's Botin Says Central Banks Face 'Narrow Path'
Banco Santander Executive Chair Ana Botin discusses the outlook for ECB monetary policy, the European economy and says there are no signs of weakness yet in the consumer business. She speaks with David Westin on "Balance of Power."
Bloomberg
Homebuyer Challenges
Tom Shapiro, GTIS Partners President & CIO discusses how rising mortgage rates and supply-chain disruptions have begun to weigh on the US housing market.
Curated Video
Despite recent government actions injecting some help into the economy, would-be homeowners still face a challenging market, as Associated Press Business Writer Alan Zibel explains
HEADLINE: Borrowing Crisis: Homebuyers find trouble
CAPTION: Despite recent government actions injecting some help into the economy, would-be homeowners still face a challenging market, as Associated Press Business Writer Alan Zibel...
Curated Video
Federal Reserve Chairman Ben Bernanke on Thursday embraced calls for an economic stimulus package to avert a recession. He says such a plan should be quickly implemented and temporary so that it won't complicate longer-term fiscal challenges
HEADLINE: Bernanke: Fed stands ready to aid economy
CAPTION: Federal Reserve Chairman Ben Bernanke on Thursday embraced calls for an economic stimulus package to avert a recession. He says such a plan should be quickly implemented and...
Curated Video
WRAP Paulson, Bernanke speak before congress ADDS reax, mortgage prayers
Washington, DC - November 18, 2008
1. Henry Paulson and Ben Bernanke walk into hearing room
2. Cutaway of photographers
3. Committee chairman Barney Frank bangs the gavel
4. Cutaway of Paulson and Bernanke at hearing
5. Cutaway of...
Curated Video
Officials in a struggling California city are pushing a plan to use the power of eminent domain to seize "underwater" mortgages and help homeowners at risk of foreclosure. But some say the plan is illegal and could hurt the local economy. (Oct. 18)
(SOT/Patrica Castillo, Richmond homeowner)
"I feel like we were kinda ripped off in a way. If they probably know that we couldn't afford it, they should have told us."
(VO: Drive-through hard-hit neighborhoods; David Sharples stands in...
Curated Video
Govt and donors support mortgage market to help quake victims
1. Various of Port-au-Prince shanty towns
2. Wide exterior of National Bank of Credit
3. Tilt down of customers queuing outside bank
4. Close-up bank sign
5. Mid of Jean-Philippe Vixamar, Board Chairman, National Bank of Credit, at...
Curated Video
6 ex-Fannie, Freddie executives charged with securities fraud with risky subprime mortgages.
HEADLINE: SEC charges ex-Fannie, Freddie CEOs with fraud
CAPTION: 6 ex-Fannie, Freddie executives charged with securities fraud with risky subprime mortgages. (Dec. 16)
[Notes:AP file]
Curated Video
Homeowners facing foreclosure explore their options in trying to keep their homes. Produced by Lynn Sladky.
HEADLINE: Video Essay: Losing the American dream
CAPTION: Homeowners facing foreclosure explore their options in trying to keep their homes. Produced by Lynn Sladky. (Nov. 12)
Curated Video
Nearly 90-percent of homeowners in Mountain House, California owe more on their mortgages than their houses are worth. Hundreds of residents are being forced to hand their homes back over to the banks.
HEADLINE: Most in this area owe more than house is worth
CAPTION: Nearly 90-percent of homeowners in Mountain House, California owe more on their mortgages than their houses are worth. Hundreds of residents are being forced to hand...
Curated Video
5-star living in Californian luxury apartments
In West Hollywood a block of apartments is up for rent which offer five star luxury living.
Anything from chauffeur driven cars to personal trainers is on offer for those with the cash to hire.
This contemporary and elegant building now...