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The article discusses the differences between 1998 and 2007 subprime delinquencies as inflicted in paper entitled "The Subprime Meltdown, A Primer," issued by NERA Economic Consulting in New York. The paper was written by NERA vice president Faten Sabry and consultant Thomas Schopflocher which depicts the 1998 crisis caused by debt default of Russia aided by lower interest rates and mortgage loan prepayments and refinancings. It was discussed the litigation including homeowners vs. conduits.

The article reports on the development of Command Automated Publishing System (CAPS) by Command Financial Press, a New York-based company. It mentions that CAPS allows its users to collaborate in creating one solid set of financial statements and statistics and publish them on paper electronically. It stresses that the system also is designed to enforce Securities and Exchange Commission (SEC) rules and confirm exceptions.

Reports on the private placement by New York City-based Financial Federal Corp. through JPMorgan in March 2003. Doubling of the initial offering of $100 million into $200 million; Financial services offered by Financial Federal.

The attorney general alleged BSI encouraged them to continue making at least a partial payment on their mortgage and did not offer mandatory relief under state law to those who faced financial hardships or lost their jobs during the pandemic. Servis One, which does business under the name BSI Financial Services, has agreed to pay $350,000 in penalties and restitution for not providing COVID relief to at least 160 New York homeowners, the state attorney general's office said in an announcement released March 9. [Extracted from the article]

Discloses private placement agency Fleet Corporate Finance's efforts of enticing investors for its $50 million traditional private placement for New York, New York-based Medallion Funding Corp. Uses of the five-year secured deal; Description of the credit quality of the company's paper; Comments from Medallion Financial chief financial officer Dan Baker.

The article reports on the plan of Calyon New York to roll out its first credit arbitrage asset-backed commercial paper (ABCP) program, a means designed to support its growing asset-and mortgage-backed securities endeavors, specifically its non multiseller asset-backed securities collateralized debt obligation business. The Classic program currently has enough liquidity to support about $10 billion in outstanding ABCP. Key information is presented.

Reports on the involvement of Bunge Ltd. to 144A transaction with registration rights in White Plains, New York. Acquisition of amount for special purpose entity through initial offering; Completion of private placement by the company; Implementation of commercial paper program for reduction of company indebtedness.

Highlights the 16th Annual Private Placements Industry Conference held in Manhattan, New York on January 2003.

A New York CPA was hit with a $150,000 penalty and barred from association with a registered firm for misleading board inspectors and investigators. [ABSTRACT FROM AUTHOR]

The article presents views of a panel of industry experts at the National Mortgage News Buying and Selling Distressed Mortgage Portfolios Conference held in New York regarding issues in filing procedures for buyers and sellers in distressed and delinquent mortgage portfolios. They mention that investors perform higher levels of due diligence to ensure that original paper and electronically imaged documents remain in order.

The article reports that shareholders have filed a lawsuit against Reserve Funds' Primary Fund for halting redemption of holdings in Manhattan, New York City. The shareholders alleged that the fund deviated from its objective to preserve capital and liquidity. The lawsuit states that the fund's strategy to pursue higher yields was exemplified by its unreasonable concentration of $785 million in commercial paper issued by Lehman.

Reports on developments in the securitization market of New York City as of February 8, 1999, including a plan for a multimillion tax bond transaction and a resecuritization of residuals on liens from a 1996 trust.

Reports on the 15th Annual Private Placements Industry Conference of the Institute for International Research on January 24, 2001 in New York City.

Reports on the triple-A ratings received by bond insurer XL Capital Assurance (XLCA) from the Standard & Poor's Ratings Services and Fitch in New York, New York. Focus of XLCA on all traditional asset, bond and securities sectors; Entry of the company in both private and public markets; Forecast of the company's international market.

The article reports on the projection of Nouriel Roubini, economics professor at New York University in New York City, that financial institutions would face $2 trillion in writedowns by the end of 2009. He asserts that the writedowns would be brought about by the current credit crisis in 2008. He adds that the $2 trillion price tag would include subprime loans, "A" paper messages, credit cards, automobile loans and other asset categories.

The article focuses on the new backup loan servicing capacity of Freddie Mac Co. in case a big mortgage servicer fails in New York Freddie Mac also known as Federal Loan Mortgage Corp. is a government sponsored enterprise (GSE), they added a servicing capacity to prepare for potential market disturbance. Buddy Piszel, chief financial officer (CFO) of Freddie Mac states that they have backup plans to service roughly one million loans, which is a significant increase in their capacity.

The author reflects on the high performance of mortgages at Wall Street in New York City. He observes that mortgage business in Watt Street features high intensity such that aside from the business of lending money to subprime lenders, it initiates to engage in home mortgages. Moreover, he regards this situation as impractical due to the declining performance of the business. Furthermore, supporting details regarding this claim are posted.

The article focuses on the forthcoming events related to security trade. JPMorgan Securities is hosting its "Structured Products Research Conference" at The Roosevelt Hotel in Manhattan on March 8, 2005. UBS AG is holding its third annual "New York CDO Conference" in Manhattan on March 10, 2005. The Strategic Research Institute LP hosts its eighth annual "Asset Backed Commercial Paper Summit" in Manhattan on March 22-23. The Structured Products Association invites market participants to its "Hedge Fund Structured Products 2005" conference on March 16.

The article focuses on several conventions to be held in the year 2004 related to securitization market. UBS AG will be hosting its London CDO conference at the CBS Conference Centre in London, England on November 3. Moody's Investors Service Inc. is hosting the 2nd annual Asset-Backed Commercial Paper/SIV Conference in London on November 16. The Institute for International Research presents the 18th annual Aircraft Finance Conference in Manhattan, New York City on December 6-8. Strategic Research Institute invites participants to attend its Servicing & Administration for asset-backed securities and Debt Capital Markets conference in Manhattan on November 10.

Reports that a New York State Supreme Court has granted class action status to a lawsuit filed by Jacob, Medinger & Finnegan against Delta Funding Corp., alleging the latter failed to refund prohibited mortgage processing fees it charged between 1987 and 1995. Claims and contentions of parties involved in the lawsuit; Justification for the court's decision to grant class action status to the lawsuit.

The IRS is pushing back filing and payment deadlines for many of those hit by winter storms and blizzards. [ABSTRACT FROM AUTHOR]

Presents graphs and statistics on the asset-backed securities (ABS) in New York state. Statistics on the ABS issuance; Commercial paper volume of ABS; Bellwether Group's prices on actively traded ABS as of July 2, 1997.

The article reports that friends and family members of the college-bound students in New York can now contribute to a student's 529 college savings plan. It states the program is carried out after the New York state law has changed which now mirrors with the same programs in other states in the U.S. Thus, with combined assets, New York is overall the fourth largest college savings plan in the nation.

Reports that private placement securities issuance in New York City for the first six months of 2003 has ranged from lukewarm to red-hot. Increase in average deal size and overall volume trend; Financing for manufacturing, food and beverage, and utility companies in January; Royal Bank of Scotland's transaction for German media company Bertelsmann AG in February.

Previews the 16th Annual Private Placements Industry Conference to be held in January 2003 in New York City. Conference theme; Investing climate; Participants; State of the private placements sector.

Highlights the Asset-Backed Securitization Industry Gathering hosted by the Strategic Research Institute at the Grand Hyatt hotel in New York, New York. Attendees of the event; Focus of the conference on aircraft industry improvement; Panelists of the gathering.

Reports on the deal between HPSC Inc. and credit Suisse First Boston in New York, New York. Description of the structure of the deal; Set price of the deal.

Reports on the launching of the New York operations of Debttraders, a bond research, sales and trading service provider.

Information on several topics discussed at the Mortgage Bankers Association's National Secondary Market Conference held in New York is presented. The topics discussed at the seminar include the government sponsored business enterprises Fannie Mae and Freddie Mac and securities market. The conference featured several finance executives including Paul Imura, Bonnie Sinnock and Deborah Sturges.

The article offers information on a protesting march by 200 people regarding the eviction of homeowners demanding that U.S. President Barck Obama should implement a principal reduction policy. It reports that protester demanded to remove director of the Federal Housing Finance Agency. It informs that the protestors gathered in Midtown Manhattan, New York with several objects in hand including wielding mops, buckets and brooms to clean house at government-sponsored enterprises.

This article focuses on the growing bank loan retail mutual fund market. Three bank loan retail funds have been launched since the start of 2010. It notes that new mutual funds indicate that managers are aggressively seeking retail clients, which is something new for the market. It also notes that more funds in the bank loan market means more liquidity. A New York-based investor claims that the new funds indicate investor appetite for floating-rate hedges against high-yield bonds and against the Federal Reserve raising rates.

The article reports on the plan of New York Assemblyman Richard Brodsky and State Senator Eric Adams to create a state-run title insurance fund that reduces premiums and enable property tax in the state. It mentions that the American Land Title Association (ALTA) is against it, with chief executive officer (CEO) Kurt Pfotenhauer, stating that it is dangerous for the government to fund critical infrastructure needs. It affirms that group sees the legislators making a mistake regarding the move.

The article reports on the possible impact of the changes made to the real estate mortgage investment conduit (REMIC) rules on commercial mortgage-backed securities (CMBS) loan modifications in New York in 2009. According to the Commercial Mortgage Securities Association (CMSA), these rules may affect commercial real estate finance market participants. CMSA also assesses that REMIC structure is critical to the capital and liquidity that fuels CMBS and the overall commercial real estate sector.

The article reports that the New York Court of Appeals has favored the lawsuit filed by tenants of the Peter Cooper Village and Stuyvesant Town complex against the property's owners. It highlights that in the suit, nine plaintiff-tenants of the properties contended that defendants and former owner MetLife Inc. were not entitled to take advantage of the luxury decontrol provisions of the rent stabilization law while receiving city tax incentive benefits.

The article discusses the court case filed against Countrywide Financial Corp. in New York. The case was filed in December 2008 which urges Countrywide to purchase at par the modified securitization trusts loans in a 100% value after a settlement was agreed through the attorney generals. It also offers information on the claims and sides of both parties regarding the relevance of the court proceedings.

The article focuses on the efforts of the Commercial Mortgage Securities Association (CMSA) in addressing the financial distress in Wall Street, New York. The group has gathered together to discuss the firestorm and the radical shift in the investment banking industry. They also urged the securitization market to increase their scheme for a better disclosure.

The article reports on the revenues of mortgage-related bond insurer MBIA Inc. in Armonk, New York. It states that the company has generated $1.7 billion in net income in the second quarter of 2008, but it took a net loss of $706.4 million for the first six months of 2008. The second-quarter net income gain resulted from pretax unrealized gains on insured credit derivatives due to wider spreads on credit default swaps.

The article reports on the decision of Standard & Poor's Corp. (S&P) to increase the estimation of their subprime mortgage-related securities writedowns in New York City. S$P has added the figure of their global total writedowns from $265 billion to $285 billion with a date that past the halfway mark.

The author reflects on the sixth anniversary of the September 11, 2001 terrorists attacks and the site of the ruins of the World Trade Center in New York City. He commented that six years have passed and still the consecrated ground where people died during the attacks, continues to fester an open pit. He added that the thousands of people who died there deserve better and should be given the same respect military personnel on the burial ground received.

The article reports on the move of Astoria Financial Corp. to participate in the two upcoming investor conferences in September 2007 in Lake Success, New York. Astoria's chairman and CEO, George Engelke, will discuss the company's prospects at the Lehman Brothers Investors Conference on September 11. He will also be present at the RBC Capital Markets Financial Institution Conference on September 26.

The article reports on the need for collateralized loan obligation market players to recognize on transactions after it suffered a slowing down in the first half of 2007, according to the panelists at Loan Syndications and Trading Association seminar in New York. The subprime fallout has affected investors with portfolios tied to the leveraged loan market. According to Greg Stoeckle, investment officer at INVESCO company, the market needs to work through inventory on the liability side.

Information about several papers discussed during the American Securitization Forum Sunset Seminar held in New York in May 2007 is presented. Participants of the event were against legislated loan modification and did not expect the U.S. Congress to impose strict, mandatory modifications. The event featured several speakers, including Chris Flanagan, Stephen Kudenholdt, and Mani Sabapathi.

The article reports on the financial performance of Astoria Financial Corp. in Lake Success, New York for the first quarter of 2007. It discusses the decline of its net income from $48.9 million to $35.8 million. The $5.5 million increase in non-interest income is due to the pretax charge incurred for the termination of interest swap agreements. The increase in one-to-four family mortgage loans, multifamily and commercial real estate loan portfolios is also discoursed.

The article reports that Delta Financial Corp.'s loan production increases despite the decline of its net earnings in Woodbury, New York. According to president and chief executive officer (CEO) Hugh Miller, Delta stayed focused on originating fixed-rate loans and avoided risky mortgage products, as well as refined their underwriting guidelines. He added that the company expected a year-over-year decrease in earnings because of the planned reduction in the sale of whole loans.

The article reports on the move of financial services provider Washington Mutual to focus in diversification of its other retail banking business lines in New York. The move to shift from mortgage business to retail banking business is due to the company's bonds which is priced at risk. However, the company has taken efforts to reduce the risk of its mortgage business.

Reports that Delta Financial Corp. has priced a securitization backed by a multi-million dollar mortgage loans through its subsidiary Renaissance Mortgage Acceptance Corp. in Woodbury, New York.

Forecasts the increase of home prices due to the existing home sales hitting a record in June 2005 in New York. Details of the Cantor Viewpoint article made by economists at Cantor Fitzgerald; Statement of Lawrence Kudlow, chief economist; Factors contributing to the strength in existing home sales.

Highlights the speech of chairman and chief executive of New Century Financial Corp. Robert K. Cole at the Roth Capital New York Conference in New York City. Establishment of an asset-backed extendable short term note facility; use of thr facility by the subprime mortgage banker to fund loan production; Different demographics of New Century borrower.

Reports on the increase in foreclosure activities in the housing market in New York City. Unemployment rate of the state; Role of the September 11 terrorist attack on the troubled housing market in the state.

Reports on the decision of Saint Lawrence University of Canton, New York to select Bank One Investment Advisors to manage a domestic active core fixed income mandate.