#subprime — Public Fediverse posts

Are rising debt and defaults a warning sign of a looming economic crisis? – National

Some subprime lenders appear to be facing strain as debt levels and the rate of borrower defaults start…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Economy #Business #Canada #Consumer #Financialcrisis #iran #money #mortgagedefaults #subprime #world
https://www.newsbeep.com/us/536073/

https://www.europesays.com/it/215022/ Michael Burry, l’uomo della «Grande scommessa» sui subprime, chiude il suo fondo: «Non capisco più il mercato» #Affari #artificiale #bolla #borsa #burry #Business #capisco #CapiscoMercato #cassandra #chiudere #ChiudereFondo #corsa #CorsaWall #CorsaWallStreet #CRISI #fondo #ia #investitori #IT #Italia #Italy #mercato #nvidia #palantir #profezia #scion #scommessa #scoppio #ScoppioBolla #street #subprime #wall #WallStreet

https://www.europesays.com/it/180408/ Prestiti auto subprime, c’è un terzo «scarafaggio» negli Usa: anche PrimaLend dichiara fallimento #Affari #auto #AutoSubprime #azienda #bancarotta #banche #BancheRegionali #Business #buy #BuyHere #BuyHerePay #capital #ceo #clienti #debito #dichiarato #dimon #dollari #fattori #fiducia #formula #garzone #here #HerePay #HerePayHere #iniziano #interessi #InteressiDebito #IT #Italia #Italy #jamie #JamieDimon #mancato #pochi #prestiti #PrestitiAuto #primalend #rischio #subprime

#OpenAI May Be in Major Trouble Financially
"I hypothesize a kind of #subprime #AI crisis is brewing."

https://futurism.com/openai-trouble-subprime

Let's hope for the best, the AI bubble bursting soon. Will this cause a major financial crisis or just hurt some venture capital companies?

😆

So, #Trump has announced this via a toot:

"Our great Mortgage Agencies, Fannie Mae and Freddie Mac, provide a vital service to our Nation by helping hardworking Americans reach the American Dream — Home Ownership. I am working on TAKING THESE AMAZING COMPANIES PUBLIC, but I want to be clear, the U.S. Government will keep its implicit GUARANTEES, and I will stay strong in my position on overseeing them as President."

Translation:

1. Fannie and Freddie will become ordinary commercial corporations, with owners, profit & loss statements, stockholders and analysts' ROI expectations, and all the crap that follows from that.

2. They will be expected to generate significant profits for their new, private owners.

3. There will be zero risk to the private owners, because the government will still backstop the mortgages that Fannie & Freddie underwrite.

Analysis: this is creating exactly the same incentive structure that resulted in the subprime mortgage meltdown of 2007-2008: they make money off every mortgage written, regardless of how risky it is, and they don't have to carry the risk themselves, so there's no reason to ensure the credit-worthiness of the applicants.

Prediction: in 5 years, or 10 years, an even bigger mortgage bubble will pop, leaving utter devastation. And the government will bail the bankers and private equity out, with the public's tax dollars.

#USPol #SubPrime #mortgage #meltdown #bubble #risk #incentive #profit

@thekenyeung @it-s-just-business-thekenyeung so uh, maybe "revenue per employee" is not a good metric for a company currently hemorrhaging $100 million per quarter on a portfolio of entirely uncollateralized subprime loans?

how does one write even a two paragraph piece about #Klarna without mentioning this?

#fintech #subprime

→ The Subprime AI Crisis
https://www.wheresyoured.at/subprimeai/

“My concern is that I believe we’re in the midst of a subprime AI crisis, where thousands of companies have integrated generative AI at prices that are far from stable, and even further from profitable. ”

#subprime #AI #crisis #generative

jetzt höre ich schon wieder - mit Schaum im Ohr - von einer neuen europäischen Großbank. Alles jubelt
Wie war das mit too big to fail?
#subprime #vergessen #finanzwende

https://www.cleveland.com/opinion/2024/08/does-project-2025-chart-a-path-to-another-2008-mortgage-meltdown-brad-german.html?gift=3ef35547-a842-454b-ba6d-a9baa24bbed9

#project2025 #housing #homeownership #subprime #GOP #voteblue #kamalaharris

Someone has finally dropped the word "subprime" into a discussion of #mortgages and #ClimateChange.

" There’s a new kind of #ToxicAsset emerging in property portfolios. The number of homes in what you might call “#subprime” locations is rising and, in some parts of the world, property value—like a crumbing coastline—is at risk of erosion. Lenders are getting noticeably more reluctant to lend against these assets."

https://www.wired.com/story/banks-are-finally-realizing-what-climate-change-will-do-to-housing/

Someone has finally dropped the word "subprime" into a discussion of #mortgages and #ClimateChange.

" There’s a new kind of #ToxicAsset emerging in property portfolios. The number of homes in what you might call “#subprime” locations is rising and, in some parts of the world, property value—like a crumbing coastline—is at risk of erosion. Lenders are getting noticeably more reluctant to lend against these assets."

https://www.wired.com/story/banks-are-finally-realizing-what-climate-change-will-do-to-housing/

Someone has finally dropped the word "subprime" into a discussion of #mortgages and #ClimateChange.

" There’s a new kind of #ToxicAsset emerging in property portfolios. The number of homes in what you might call “#subprime” locations is rising and, in some parts of the world, property value—like a crumbing coastline—is at risk of erosion. Lenders are getting noticeably more reluctant to lend against these assets."

https://www.wired.com/story/banks-are-finally-realizing-what-climate-change-will-do-to-housing/

Someone has finally dropped the word "subprime" into a discussion of #mortgages and #ClimateChange.

" There’s a new kind of #ToxicAsset emerging in property portfolios. The number of homes in what you might call “#subprime” locations is rising and, in some parts of the world, property value—like a crumbing coastline—is at risk of erosion. Lenders are getting noticeably more reluctant to lend against these assets."

https://www.wired.com/story/banks-are-finally-realizing-what-climate-change-will-do-to-housing/

Someone has finally dropped the word "subprime" into a discussion of #mortgages and #ClimateChange.

" There’s a new kind of #ToxicAsset emerging in property portfolios. The number of homes in what you might call “#subprime” locations is rising and, in some parts of the world, property value—like a crumbing coastline—is at risk of erosion. Lenders are getting noticeably more reluctant to lend against these assets."

https://www.wired.com/story/banks-are-finally-realizing-what-climate-change-will-do-to-housing/

Banks Are Finally Realizing What Climate Change Will Do to Housing https://www.wired.com/story/banks-are-finally-realizing-what-climate-change-will-do-to-housing/ #Science/Environment #Business #Subprime #Science

Banks Are Finally Realizing What Climate Change Will Do to Housing - Extreme weather threatens the investment value of many properties, but financing for clim... - https://www.wired.com/story/banks-are-finally-realizing-what-climate-change-will-do-to-housing/ #science/environment #business #subprime #science

Q. Who is Don Hankey, the #billionaire who provided Trump a $175 million #Bond 🤔

A. Wealthy #Usurer (an immoral lender) praying on people with high-interest loans 🤔

The 2024 #Election will be a fight between the #Billionaires and #Democracy 🤔

“Don Hankey, the executive whose company provided the bond, is a little-known mogul who built his $7.4 billion fortune through car dealerships and providing #subprime auto loans

That makes him richer than #Trump, whom Forbes estimates is worth $6.4 billion, including his multibillion stake in the newly public Trump Media & Technology Group”

https://www.cbsnews.com/news/trump-don-hankey-billionaire-175-million-bond-who-is-he/

Help ProPublica Investigate the World of Subprime #Car Loans
==

Do you work for a #subprime auto lender — in customer service, collections, #loan funding, training or risk management?

Are you paying off a subprime car loan?

Are you a lawyer dealing with these issues in court? A regulator? An investor?

Our reporters want to hear from you:
https://www.propublica.org/getinvolved/help-propublica-investigate-the-world-of-subprime-car-loans?utm_medium=social&utm_source=mastodon&utm_campaign=mastodon-post

When #underwater has two meanings

""Big Short" investor Dave Burt warned of the #subprime #mortgage crisis that launched the US into the worst recession since the 1930s. Now he's sounding the alarm once again.

Burt's hypothesis is that #climate crisis-related events such as increase in disastrous #flooding, could reduce the cost of the homes by a lot, which puts mortgage borrowers at risk of not being able to pay back the loan — funds that could be ultimately lost."

https://www.businessinsider.com/housing-market-home-price-crash-big-short-investor-dave-burt-2023-5

"With #SeaLevelRise and the percentage of exposed #population increasing, without a collective response these two effects will indeed raise exposure to #homeowners, #insurance companies, lenders, municipalities, and Fannie Mae and Freddie Mac, and ultimately to the #taxpayer."

Meaning, the effect of #ClimateChange on the housing market could make the 2008 #subprime mortgage crisis look like a walk in the park. It's time for real transparency.

https://www.sierraclub.org/sierra/1-spring/feature/how-climate-change-could-sink-us-real-estate-market

What will soon be the largest building on @[email protected] campus is named after a #hedgefund that profited from the #subprime #mortgage fiasco. https://apnews.com/article/business-philanthropy-john-paulson-2e04c0b81902a35358a0c0c97f2a3d49?utm_source=Iterable&utm_medium=email&utm_campaign=campaign_5762201_nl_Philanthropy-Today_date_20221216&cid=pt&source=&sourceid=

That reminds me of 2008 and subprime crisis ...

https://blog.wunderstock.com/sba-disaster-loans

#covid #economy #subprime