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Mortgage Firm Struggles to Meet Margin Calls as Market Turmoil Continues


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In the WSJ today, dominoes are looking like they are going to tumble any day soon.

"A number of funding funds centered on mortgage investments are analyzing property gross sales, and not less than one is struggling to fulfill margin calls from lenders, the most recent indicators of turmoil in essential areas of the credit score markets.

In latest days, a cascade of promoting has hit the marketplace for mortgage bonds, serving to spark unprecedented motion by the Federal Reserve on Monday morning to assist markets. AG Mortgage Funding Belief, Inc., a real-estate funding belief operated by New York hedge fund Angelo, Gordon & Co., is amongst these…"

https://www.wsj.com/articles/mortgage-firm-struggles-to-meet-margin-calls-as-market-turmoil-continues-11584975633

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Free markets mean let the highly indebted and incompetent  fail, those stronger will take their place, fill the gap......nothing or nobody is indispensable......out with the old, in with the new....;)

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1 hour ago, winkie said:

Free markets mean let the highly indebted and incompetent  fail, those stronger will take their place, fill the gap......nothing or nobody is indispensable......out with the old, in with the new....;)

The only problem being that we aren't in a Free Market.  We're not even in a 'socialist utopia'.

We are in a Feudal nightmare.  The elites must survive!

 

 

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8 hours ago, msi said:

The only problem being that we aren't in a Free Market.  We're not even in a 'socialist utopia'.

We are in a Feudal nightmare.  The elites must survive!

No accountability.;)

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  • 417 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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