Posts Tagged ‘Kevin Doyle’
Posted by Larry Doyle on May 20th, 2009 9:26 AM |
If you want to know just how inaccurate government loss assumptions were in the recently released Bank Stress Tests, let’s enter the world of HELOCs (Home Equity Lines of Credit).
Before we address loss statistics on HELOCs, let’s go to the Federal Reserve for a clearcut definition of the product. What is a Home Equity Line of Credit?
A home equity line of credit is a form of revolving credit in which your home serves as collateral. Because a home often is a consumer’s most valuable asset, many homeowners use home equity credit lines only for major items, such as education, home improvements, or medical bills, and choose not to use them for day-to-day expenses.
With a home equity line, you will be approved for a specific amount of credit. Many lenders set the credit limit on a home equity line by taking a percentage (say, 75%) of the home’s appraised value and subtracting from that the balance owed on the existing mortgage.
This mortgage product, often a second mortgage, developed as an enormously popular vehicle for homeowners to tap the equity in their home, especially during the period of significant home price appreciation earlier this decade. Make no mistake, though, it is just another form of leverage. (more…)
Tags: 12th Street Capital, Bank Stress Tests, cumulative losses on HELOCs, Federal Reserve definition of HELOC, Geithner's Bank Stress Tests, HELOC, HELOC losses, how are HELOCs defaulting?, Kevin Doyle, Kevin Doyle of 12th Street Capital, loss assumptions on Bank Stress Tests, loss data on HELOCs, loss statistics on HELOCs, losses on HELOCs, losses on revolving lines of credit
Posted in General, helocs, Mortgage Crisis | 4 Comments »
Posted by Larry Doyle on March 10th, 2009 11:19 AM |
I very much appreciate reading material written by people whom I perceive as having no agenda. I have tried to bring people like this (including Ray Dalio, Paul Keating, Bob Rodriguez, Steve Rehm, Kevin Doyle, Vaclav Klaus, and many others) to Sense on Cents because I firmly believe we all become more educated and informed in the process. Please let me know if and when you perceive me, any of the pieces to which I link, or radio guests on NQR’s Sense on Cents as not dealing totally in the truth. Constructive criticism is always appreciated and will make for a better site.
Along with the aformentioned, I have also previously remarked on my high regard for John Mauldin, one of our Economic All-Stars. John himself possesses an insightful global perspective and has a circle of friends and confidantes that are simply off the charts.
In John’s weekly Outside the Box, he shares with us the perceptions of Michael E. Lewitt. Mr. Lewitt writes at length on topics we have covered here previously, but his level of detail and thoughtful analysis are well worth the read.
Topics covered include: (more…)
Tags: Bank Nationalization, bankruptcy, Bob Rodriguez, depression, eastern Eurrope, economic policies, GM, John Mauldin, Kevin Doyle, market outlook, Merrill LYnch, Michael Lewitt, Obama budget, Outside The Box, Paul Keating, Ray Dalio, recession, Steve rehm, Vaclav Klaus
Posted in American Consumers, Auto Industry, Bailout, Bank Nationalization, Banking Institutions, Barack Obama, Bob Rodriguez, Business, Commerce, Economic Stimulus, Economy, Education, Employment, Equity Markets, Obama Administration, Risk, Stimulus Plan, Stimulus Tax Package, Unemployment, Wall Street | 6 Comments »
Posted by Larry Doyle on March 3rd, 2009 11:00 AM |
As I continue to develop the product at Sense on Cents, I will look to deliver a variety of angles and perspectives on the markets, the economy, and the world of global finance. On that note, my friends at 12th Street Capital are willing to allow me to share their insights into the mortgage market.
In the spirit of full disclosure, I have no professional relationship with 12th Street Capital. My brother, Kevin Doyle, works at 12th Street and is gracious enough to allow me to share this commentary with you, my readers. As we look to navigate the economic landscape, I thought this 12th Street piece may prove insightful. While there are some technical terms used in this piece, I do not want to edit and have it lose its integrity. Any questions, please do not hesitate to ask!!
Enjoy….and thank you 12th Street!! (more…)
Tags: 12th Street Capital, CDO, Economy, Global Finance, helocs, Kevin Doyle, mortgage market, subordinate bonds, subprime, Wall Street trading
Posted in American Consumers, Banking Institutions, Barack Obama, Business, Commerce, Congress, Credit Card companies, Economy, Education, Hedge Funds, Mortgage Cram-Down, Mortgage Crisis, Mortgages, Risk, Unemployment, Wall Street | 2 Comments »
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