Interest rate swaps - sold as a way to save money on public financing - have turned into municipal bombs.» Read More
Despite concerns about ballooning public pension expenses, municipal defaults are still relatively low, Alexandra Lebenthal, Lebenthal & Company president and CEO, told CNBC’s “Squawk Box” on Thursday.
The U.S. housing market is showing signs of recovery and investors should be looking at non-agency mortgages, the very asset class that prompted the global financial crisis, according to Gregory Perdon, Co-Chief Investment Officer at Arbuthnot Latham & Co.
About 19 percent of all auto loans are subprime or deep subprime, according to Experian. CNBC's Phil LeBeau reports.
CNBC's Rick Santelli and Phil LeBeau discuss pursuing profit in subprime auto lending.
CNBC's Herb Greenberg reports on a subprime lender charging up to 204 percent on its loans.
Josh Birnbaum, Tilden Park Capital founder & CIO, explains how his trades against the U.S. subprime mortgage market in 2007 made nearly $4 billion for Goldman Sachs, and weighs in on how to play a housing recovery.
The average new car auto loan grew as consumers are expanding the length of their loan, reports CNBC's Phil LeBeau.
Breaking down how Japan's debt compares to the U.S market, and where value exists, with Steven Tananbaum, GoldenTree Asset Management; Kyle Bass, Hayman Capital Management; and CNBC's Gary Kaminsky.
Investors pouring their money into long-term government bonds are deluding themselves into thinking they're getting safety against economic turmoil, hedge fund titan Paul Singer said.
Discussing incentive and subprime lending trends in the auto industry, with Jessica Caldwell, Edmunds.com and CNBC's Phil LeBeau.
Discussing the state of banks and their subprime customers, with Craig Maurer, CLSA equity analyst and Scott Valentin, FBR Capital Markets analyst.
With the financial industry recovering and fee income reduced by new regulations, lenders are seeking to woo back less creditworthy borrowers. The New York Times reports.
CNBC's Diana Olick has the details on new data out showing that Americans might be a little more hopeful when it comes to the value of their house.
CNBC's Diana Olick has the story on the rough road for housing and whether rising interest rates will impact the market.
Foreign buyers, largely from South America, but also from Europe, Russia and China, are flooding into the Miami area, and that has developers rushing to keep up with demand.
In another milestone in the banking industry’s recovery from the financial crisis, the Federal Reserve this week will release the results of its latest stress tests, which are expected to show broadly improved balance sheets at most institutions, the New York Times reports.
Faced with the same set of circumstances again, former Bear Stearns CEO Alan Schwartz said he probably wouldn't have done anything different as the firm cascaded toward bankruptcy.
Clive Ward, Managing Director at Novus International Investments talks about the strategies that his fund adopts when investing in legal cases.
The case against mark-to-market accounting, with Sam Zell, Equity Group Investments chairman, who says the rules goes against the entrepreneur's opportunity to accumulate and create wealth.
The Supreme Court and President Obama will meet on March 27th to talk about whether it's constitutional for Congress to mandate health care coverage or levy a penalty for those who don't have it. Discussing the impact this decision will have on the markets, with Tony Fratto, Hamilton Place Strategies and David Cutler, Harvard University.