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Radian Adds Default Protection On Mbia To Hedge Loan Risk - Bloomberg

Fitch Expects to Rate Morgan Stanley Residential Mortgage Loan Trust 2014-1; Presale Issued - Yahoo Finance

That means it would cost $828,000 initially to protect $10 million of obligations through September 2017, in addition to $500,000 a year. The contracts are down from as high as 48 percentage points in November 2012 as the company settled claims on some of the most toxic debt it guaranteed. Refinancing Risk CLOs pool high-yield corporate loans, which are often used to finance leveraged buyouts, and slice them into securities of varying risk and return. The type of debt that Radian and MBIA guaranteed is known as a middle-market CLO, and is often used to finance more lending. Brummer said theres a risk the companies tied to the CLO may not be able to arrange new loans when they come due. It has not been paying down at the rate we would expect, he said. Theres potential refinancing risk with respect to the underlying loans. Bond Guarantor Radian has been focusing on its mortgage insurance business. The firm hired Goldman Sachs Group Inc. to weigh options for its Radian Asset bond guarantor, including a sale. Radian rallied 5.3 percent to $13.42 at 4:15 p.m. in New York after reporting a profit as the housing market improved.
Puedes ver la version sin traducir en http://www.bloomberg.com/news/2014-08-07/radian-adds-default-protection-on-mbia-to-hedge-loan-risk.html

Robinho returns to Brazilian club Santos from AC Milan on season-long loan | FOX Sports

"His influence on MLS and soccer in this country will continue to be felt for many years to come." But while for American basketball or American football players it is enough to be the best in the domestic league, soccer's status as a global game provides a different benchmark. The top soccer leagues in the world are found in Europe and Donovan's apparent lack of desire to prove himself in the week-to-week battles of the very best in the world leaves a question mark over his legacy. In 1999, Donovan signed a six-year contract with German club Bayer Leverkusen but he spent most of his time loaned back to San Jose and he made just seven appearances in the Bundesliga before signing with the Galaxy. The forward tried again in 2008, joining Bayern Munich on an initial loan deal but with Donovan talking about possibly staying on longer term. After a disappointing stint, Bayern decided against keeping him. FAN FAVORITE It was a different story during two loan spells with English Premier League club Everton , where Donovan quickly became a favorite with the Goodison Park fans and earned positive reviews for his displays which showed a work-rate and willingness to defend as well as attack that was not always evident in his game. But Donovan's choice of a long-term contract with the Galaxy made it tough for Everton or another club to buy him and while he clearly enjoyed his time in England , he did not appear distraught at returning to California and playing in MLS. The absence of a consistent presence in a top league will inevitably factor in to any evaluation of Donovan as the 'greatest' American soccer player since others, such as Clint Dempsey , Tim Howard and Claudio Reyna, are able to point to successful seasons in Europe. For the national team he will be best remembered for his excellent performances in the 2002 World Cup in South Korea and Japan where he won 'Best Young Player' as the United States reached the quarter-finals, their best finish in the modern era. Eight years later, his last-second winner in a 1-0 victory over Algeria ensured Bob Bradley's team reached the second round and produced one of the most memorable moments in U.S.
Puedes ver la version sin traducir en http://sports.yahoo.com/news/soccer-donovan-americas-first-soccer-star-210812028--sow.html

Soccer-Donovan was America's first soccer star - Yahoo Sports

A link has been sent. Done Student Loan Debt Is a Drag on Your Health By Marine Cole 13 minutes ago 0 shares View photo Student Loan Debt Is a Drag on Your Health Its no secret that graduating from college with high student debt will be a financial burden for years to come but student debt could also affects your well-being and health. Graduates with the greatest amounts of student debt $50,000 or more are less likely than debt-free grads to be thriving in terms of well-being, according to a new Gallup-Purdue Index released Thursday. The index is a joint effort between Purdue University and the Lumina Foundation to study the relationship between the college experience and graduates lives. It looked at Americans who graduated from college between 1990 and 2014. Related: ID Thieves Could Ruin a College Students Financial Future Gallup defines well-being as consisting of five elements: finding fulfillment in daily work and interactions; having strong social relationships and access to vital resources; feeling financially secure; being physically healthy; and taking part in a true community. Not surprisingly, the pollster found the starkest difference between graduates who sunk deepest into debt and those who didnt take on any debt at all in the areas of financial and physical well-being. More specifically, high financial debt of all kinds, including student debt, has been associated with higher blood pressure and poorer self-reported general and mental health in young adults, according to a Northwestern University study published a year ago. That study also found that people with high debt reported higher levels of perceived stress and higher depressive symptoms. Related: Why High Debt Could Mean Financial Stability However, Gallup noted that high student loan debt might not be the only reason for lower well-being. Other factors that often determine whether students take out loans for college and how much they borrow may be the same factors that influence graduates future well-being, it noted.
Puedes ver la version sin traducir en http://news.yahoo.com/student-loan-debt-drag-health-174300588.html

Chinese banks get serious about risk of bad debts swell - Yahoo News

The 30-year-old forward had been linked with a move to Major League Soccer, but instead heads back to the club where he began his career before moving to Real Madrid in 2005. He also had a spell there on loan from Manchester City in 2010 before joining Milan. "This is my home," Robinho said on the Santos website. "It's a place where I feel very good and where I came into the world of football. I hope to repay the affection of all the fans on the pitch. I want to put Santos back where they should be, at the very top of the table." Robinho had an injury-hampered season in Milan last year as the Rossoneri stumbled to an eighth-placed finish. FOX Soccer's Blog offers unique coverage of the world game. Join us. The 92-cap Brazil international is under contract with the Italian giants until June 2016 but had expressed his wish to leave the San Siro outfit this summer after four years at the club. He had been expected to join compatriot and former Milan team-mate Kaka at new MLS franchise Orlando, but Santos were keen to secure a fan favorite. "When we started the negotiations we knew the importance of the player both for the club and for the fans," said Santos sporting director Andre Zanotta.
Puedes ver la version sin traducir en http://www.foxsports.com/soccer/story/robinho-returns-to-brazilian-club-santos-from-ac-milan-on-season-long-loan-080714

Student Loan Debt Is a Drag on Your Health - Yahoo News

Send Thanks! A link has been sent. Done Chinese banks get serious about risk of bad debts swell By By Engen Tham 1 hour ago 0 shares . View photo A man sits in front of the headquarters of the People's Bank of China, the central bank, in Beijing By Engen Tham SHANGHAI (Reuters) - Chinese banks are scrambling to get on top of bad debts they have downplayed for years, cutting off riskier borrowers, further tightening lending terms and, in one case, deploying teams of investigators to assess the risk of loan defaults. China's banks keep reporting bad loan levels well below what most analysts consider realistic, but their recent actions suggest the slowing economy may be squeezing borrowers and lenders harder than thought only a few months ago. China's fifth-largest lender, Bank of Communications , assembled research teams last month to look over the assets of troubled borrowers in Zhejiang province, according to bank sources and an internal document. The province is a hotbed of China's credit stress. BoCom denied that special teams had been set up or that there was any surge in potential bad loans in an email to Reuters. The bank said it had always placed great importance in its risk control efforts.
Puedes ver la version sin traducir en http://news.yahoo.com/chinese-banks-serious-risk-bad-debts-swell-210957802--sector.html

The top five MSAs, which are in California, New York, and Massachusetts, comprise approximately 83.9% of the pool. The significant geographic concentrations resulted in an increase in the lifetime default expectations for the pool of around 1.87x. Documentation Adjustment: For borrowers who have accounts with FRB with reserves that meet a certain threshold, FRB's asset verification process consists of capturing a screenshot of the borrower's account, which is categorized as 'Stated, Partially Verified' on the American Securitization Forum's (ASF) loan tape provided by the sponsor. However, because FRB has a complete record of these borrowers' assets and reserves, Fitch considered the assets for these loans to be fully verified in its analysis. This adjustment impacted 150 loans (51.5% of the pool) and resulted in a decrease in the pool's 'AAAsf' expected loss by roughly 50bps. Seasoned Property Value Exception: Under Fitch's 'U.S. RMBS Master Criteria' dated July 1, 2014, the agency expects property valuations to be no more than 12 months old at the time of securitization. However, the transaction includes 22 loans for which the valuations are between 13 - 16 months old and 13 loans with valuations aged 16 - 18 months. Fitch did not deem adjustments to these loans' original property values necessary because all of them are secured by properties in areas that have experienced home prices increases over the past 18 months. Given the strong loan attributes and borrower profiles, in Fitch's view it is unlikely that these properties experienced price depreciation or deterioration in their condition. Small Loan Count: While total loan count in this pool is 291, the weighted average number of loans (WAN) is 218.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/fitch-expects-rate-morgan-stanley-195600917.html

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