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Subprime mortgage crisis - Wikipedia, the free encyclopedia
Between 2004–2006 the share of subprime mortgages relative to total originations . During May 2010, Warren Buffett and Paul Volcker separately described . will eventually have to write off $1.5 trillion of their holdings of subprime MBSs.
http://en.wikipedia.org/wiki/Subprime_mortgage_crisis

BBC News  Apr 21  total usa national debt 

The Subprime Lending Crisis: Causes and Effects of the Mortgage ...
The share of subprime mortgages to total originations increased from 9 percent in 1996 to. 20 percent in . write downs exceeding $80 billion, with an additional $8-11 billion expected from. Citibank. . begin to recover until 2010. Nationwide .
http://business.cch.com/bankingfinance/focus/news/subprime_wp_rev.pdf

Wall Street Journal  Apr 18  total us federal debt 

Write down
Fannie, Freddie Weigh Mortgage Write-Downs . Many companies during the subprime mortgage crisis had a combination of both write-offs and write-downs. . which is cheaper to replace than to repair, sometimes known as being a totaled car (a total write-off). . Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012.
http://www.wikinvest.com/wiki/Write_down

Benzinga  Apr 16  total us mortgage value 

Write-off
Many companies during the subprime mortgage crisis had a combination of both write-offs and write-downs. A write-down is sometimes considered synonymous .
http://www.wikinvest.com/wiki/Write-off

guardian.co.uk  Mar 19  total us state govt debts 

2010 CDO Thesis
write-downs at financial institutions since the beginning of the credit crisis. . backed by subprime and Alt-A adjustable-rate mortgages, consistently underperformed . axis shows the number of total tranches that were issued and repackaged.
http://www.hks.harvard.edu/m-rcbg/students/dunlop/2009-CDOmeltdown.pdf

WA Business News  Mar 7  totally free no credit card porn 

The View of the Eurozone Crisis From China - Chicago Policy Review
Apr 16, 2012 . And in 2009, Greece's total debt took 115 percent of GDP. . These two countries were influenced by the contagion of the subprime mortgage crisis, and their banks suffered substantial debt write-offs . And this approach's high probability of success is based on favorable outcomes in 2010 for Ireland.
http://chicagopolicyreview.org/2012/04/16/the-view-of-the-eurozone-crisis-from-china/

Sydney Morning Herald  Mar 7  midwest mortgage capital llc 

Free Enterprise on Trial — Social Europe Journal
Jan 17, 2012. tens of billions in write-downs on bad sub-prime mortgages and be bought . Even full-time workers who have put in decades with a company can . and America's Future', was published in September 2010 by Alfred Knopf.
http://www.social-europe.eu/2012/01/free-enterprise-on-trial/

BBC News  Feb 29  what will mortgage rates tomorrow 

Volcker is Right. Prop Trading Kills - Bank Think Article - American ...
Feb 20, 2012 . 7, 2007: Morgan Stanley reports $3.7 billion in subprime losses . $9.83 loss in the fourth quarter after taking $18.1 billion in write-downs on subprime mortgage- related exposure. . Eventually all but one loan in a $7 billion portfolio paid in full as agreed. . 2011 Honorees; 2010 Honorees; 2009 Honorees .
http://www.americanbanker.com/bankthink/proprietary-trading-puts-banks-at-serious-risk-1046807-1.html?wib

Benzinga  Feb 22  total us government debt 

Are short sellers informed? Evidence from the 2007-2008 subprime ...
March 14, 2010. 1 We thank Murali . The 2007-2008 subprime mortgage crisis has caused large write-downs among financial institutions on . billions, with the percentage of total MBS insurance increasing from 34% to 44%. 9 . 6 Subprime .
http://mingliu.info/Documents/Are%20short%20sellers%20informed_march2010.pdf

Sydney Morning Herald  Feb 20  riversource life insurance company fraud 

The Value Relevance of Write-downs during the Subprime Financial ...
subprime mortgages, the effects were progressively felt across all forms of . In a sample of the largest 14 U.S. commercial banks, Shaffer (2010) finds that loan . comparison, the total value of U.S. write-downs in our sample over this time is .
http://www.csef.it/seminarpdf/beltratti.pdf




 
TOP CONTRIBUTORS

Refining the Story of the Financial Crises in Europe and the USA
SPRING 2012. Figure 1. LIBOR-OIS Spread 2007-2010 . because of concerns about the subprime mortgage debt. . Total bank write-downs were $97 billion by .
http://reason.org/files/insight_turkey_vol_14_no_2_2012_yulek_randazzo.pdf

Are Short Sellers Informed? Evidence from the 2007–2008 Subprime
Jan 4, 2012 . The recent subprime mortgage crisis has driven the economy into prolonged recession. . due to large write-downs on the value of subprime mortgage securities. . Karpoff and Lou (2010) find that short sellers anticipate the eventual . and Wachovia Corporation spent a total of $20.5 billion to buy back .
http://onlinelibrary.wiley.com/doi/10.1111/j.1540-6288.2011.00326.x/full

Banks Have Written Down 2/3 Of Bad Loans They're Likely To Face ...
Sep 9, 2010 . Moody's estimates that U.S. banks will write off a total of $744 billion in bad loans . The agency estimated that 68 percent of residential mortgage losses have been taken . Bank Write-Downs Projected to Continue into 2010 -- Seeking Alpha . List of writedowns due to subprime crisis - Wikipedia, the free .
http://www.huffingtonpost.com/2010/09/09/banks-have-written-down-2_n_710278.html

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Examples of total subprime mortgage write offs 2010s

Some common instances of write-offs include:

  • Foreclosures (2012 Robosigning and Mortgage Servicing Settlement)
    In late 2010, evidenced emerged that the foreclosure process may have been . In addition to disagreements over the total amount, negotiations had been held up . of the mortgage defaults that year would be set off primarily by unemployment, up . MORE ON FORECLOSURES AND: SUBPRIME MORTGAGE CRISIS, .
    http://topics.nytimes.com/top/reference/timestopics/subjects/f/foreclosures/index.html

    Shareholder Report on UBS's Write-Downs
    Apr 18, 2008 . Business Model Pursued by UBS in the Areas Affected by Subprime Losses . . downs in positions related to the US residential mortgage market. . At the Group level, the 5 year strategic focus articulated for 2006 - 2010 was to aim for . approximately 16% of UBS's total Subprime Losses as at 31 .
    http://www.ubs.com/1/ShowMedia/investors/agm?contentId=140333name=080418ShareholderReport.pdf

  • Lauren Tara LaCapra | Journalist Profile | Reuters.com
    Feb 28, 2012 . 24, relating to a $1.3 billion subprime mortgage-backed securities deal in late . Volcker, is part of the Dodd-Frank financial reform bill passed in July 2010. . and civil fraud related to write-downs on subprime mortgage derivatives at . was a meager 3.9 percent from continuing operations for the full year.
    http://blogs.reuters.com/lauren-lacapra/page/5/

  • Ouch! 20 worst-performing stocks - 1. Fannie Mae (1) - FORTUNE
    May 5, 2011 . Over the past decade, despite market ups and downs, Fortune 500 stocks paid off . 2010 revenue: $153.8 billion . When the subprime mortgage market caved in, the duo took enormous write downs on their . These Fortune 100 employers have at least 350 openings each, totaling more than 96000 jobs.
    http://money.cnn.com/galleries/2011/fortune/1104/gallery.fortune500_worst_performing_stocks.fortune/index.html

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What is a Negative total subprime mortgage write offs 2010?

Cross-Border Investment and the Global Financial Crisis in the Asia ...
The subprime mortgage crisis erupted in the United States in mid-2007 and was then transformed into the global . The total amount of write-downs of loans and securities by financial institutions for 2007-2010 is estimated to reach $1 trillion in .
http://www.unescap.org/publications/detail.asp?id=1368

Credit Crisis Timeline
Initially written off as a sub-prime crisis, leading policy makers said the crisis was . It has since spilled over into Jumbo mortgage rates, Collateralized Debt . Also, unlike a writeoff, a writedown does not result in a total elimination of the asset .
http://www.creditwritedowns.com/credit-crisis-timeline/

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References

  1. UBS: Not Our (or Your) Favorite Swiss Bank - Sovereign Investor ...
    Sep 27, 2011 . Total write downs on U.S. residential mortgage market: US$20.9 billion. . investment banking unit was to blame for the bulk of sub-prime losses. . 9, 2010: UBS finally returns to profitability, with US$4.2 billion in earnings .
    http://sovereign-investor.com/2011/09/27/6402/

  2. Attention Landlords: Don't Miss These 2011 Tax Deductions
    Jan 12, 2012 . As tax season begins, here are seven deductions rental property . Similar to homeowner mortgages, rental property owners can write off the interest paid on their mortgage. . You calculate depreciation by adding up the total costs of the . See the changes that will have the greatest impact on your 2010 .
    http://www.investinganswers.com/personal-finance/tax-center/attention-landlords-dont-miss-these-2011-tax-deductions-4001

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Entrepreneur-Friendly Regulation « Publications
Thanks to the sub-prime mortgage disaster, banks have incurred billions of dollars of losses. Write-downs, combined with the opaqueness of complex financial . Link to Full Report in PDF . ©2010 The Association for Competitive Technology.
http://actonline.org/publications/tag/entrepreneur-friendly-regulation/

Warehouse worries: smaller mortgage bankers report they continue ...
Warehouse lending--the essential lifeblood of mortgage originations--began to shrink . reeling from billions in write-downs on subprime mortgages, announced it was . Total commitments by warehouse lenders to mortgage bankers plummeted . in demand based on steadily lower estimates of origination volume for 2010.
http://findarticles.com/p/articles/mi_hb5246/is_5_70/ai_n52448881/

Democrats step up pressure for mortgage write-downs - News ...
Mar 7, 2012 . The federal program, announced in early 2010, provided funding to states hardest hit . Mac, the largest holders of subprime mortgages, to be directed to provide . The fresh calls for mortgage write-downs came a day after Obama . The politicians promoting this program are full of it, and are proud of an .
http://www.lvrj.com/news/democrats-step-up-pressure-for-mortgage-write-downs-141841003.html

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