(Reuters) - Florida's insurance commissioner is allowing MetLife Inc and Unum Group boost long-term care premiums, alleviating financial stress the insurers have been facing from rising medical costs...
On Jan 3, 2017, we issued an updated research report on MetLife Inc (MET).
2016 was a bad year for hedge funds, pension funds, and university endowments. In fact, the last several years have been horrible. But until now, there haven’t been many alternatives. Hedge Funds became popular for investors who wanted to achieve more than the 4% or 6% offered by traditional managed investments like mutual funds. Although their history evolved from the idea of ‘hedging’ the market (hedge funds could sell AND buy, can you imagine?) this quickly evolved into an asset class where managers employed strategies based on mathematics in order to achieve above than average and above than expected returns. And some private funds such as Renaissance do very well year in and year out – continued to this day. But the majority suffer from strategy fatigue, and failure to bring in a new generation of ‘quants’ that can do anything more than copy, paste, and cold call. If we skip all the Soros bashing about how he manipulates politics (which, on the surface, is not a bad investing strategy if you have the money to do it, and to control both sides – this is a Rothschild invention not a Soros invention) – the Soros family of funds outperformed their peers by a significant multiple. These funds were trading the markets, unlike what some may want us to believe. Some of their policies to ‘influence’ foreign markets (historically, from the 80s) may have been seen as unethical – and it may be. But the returns have always been spectacular. We’ll see soon if Robert can continue the family legacy of great returns – it looks like – yes he can! But the few examples of extraordinary funds with consistent returns like Renaissance, they’re an anomaly. The industry in general has suffered from poor returns, which when combined with the standard 2/20 fee model – can be disastrous for investors’ confidence. Bloomberg ran a story recently with verbage such as "The year Big Money ditched Hedge Funds: “There has been a massive blowback from public pension funds and private endowments,’’ said Craig Effron, who co-founded his Scoggin Capital Management nearly 30 years ago. An investor told him recently that many chief investment officers are so fed up that they would prefer to entrust their cash to a trader who charged no management fee, over one who did, even if they expected the latter to make them more money. Public retirement plans from Kentucky to New York, New Jersey and Rhode Island have decided to pull money from hedge funds. So did a state university in Maryland and other endowments. MetLife Inc. and other insurers followed suit. Money-losing firms were forced to reduce their fees. Client withdrawals ($53 billion in the last four quarters) drove some managers out of business, including veteran Richard Perry, who until recently had managed one of the longest-standing and better-performing firms. It's not surprising that investors - especially institutional investors, are abandoning such strategies. As they say in trading, 'you're only as good as your last trade.' According to Barclay Hedge Fund Data, 2016 is a little better than 2015, but not much: 4.89% is a good return, but it's not much better than you can acheive with traditional mutual funds or tax free munis. Certainly it's not a compelling reason to drain your IRA from the markets and invest with hedge funds. But, this is just an average, there are strategies out there that overperform this index, such as this one. In the Pension Fund world, Calpers which is a head above its peers, hemorrhaged more than $30 Billion in losses due to poor strategy management: The California Public Employee Retirement System (CalPERS) is about to report the world’s largest public employee pension suffered an actuarial investment loss of $30.8 billion last year. CalPERS manages the defined pension plan investments and record keeping for 3,007 California state and local government entities. The pension plan is also responsible for paying the pension benefits to 611,078 retirees and will eventually be responsible for paying retirement benefits to another 868,713 active and 335,908 inactive government workers. Despite Governor Jerry Brown last summer demanding CalPERS immediately “lower its investment risk and volatility of returns” by reducing its “assumed” annual investment return from 7.5 percent to 6.5 percent, the CalPERS board voted 7- 3 on November 15, 2015 only to slowly reduce the investment return expectation over the next decade. Practically, the slow death of the hedge fund industry is merely a milestone in its evolution. Just like robotic strategies are now replacing traditional managers with a suit and tie, the structure of investments is evolving, too. Hedge Funds aren't going to go away anytime soon, but how they are structured, how the fees are charged, and the strategies that they use, will rapidly change in 2017. For example, some strategies such as managed accounts have a fee structure that charges only a percentage of profit, called 'performance fee' - with no other fees. See one example the Magic FX strategy, for QEP/ECP US investors only - which charges a 30% performance fee from the profit. In this model, if the strategy doesn't perform for investors, there is no fee. This type of pay for performance model has been around for years, but will become more useful in a climate of diminishing returns and investors angry at paying fees for getting no results or even losing money. It really is crazy, why investors should pay managers millions of dollars for losing money - it just shows how programmed investors are by traditional media, as we explain in Splitting Pennies the book. Bloomberg also notes that, while assets have only trickled out - this may be a sign of a larger trend: While clients have only pulled a net 2 percent of assets so far, Tony James, the president at Blackstone Group, the largest investor in hedge funds, predicted in May that the industry would shrink by roughly a quarter over the next year. Hedge fund closures (782 in the first nine months) are on track to be the most since 2008, and startups (576) the fewest. Any manager still standing applauds a smaller industry. Less money under management means fewer crowded trades and more chances to find the elusive alpha. Interest rates on the rise in the U.S., while still near zero or negative in the rest of the world, should also help. The Trump presidency, which promises less regulation, more infrastructure spending and the potential return of prop trading by banks, could also be a boon. Where will the assets go? The alternative investment industry is large - institutional funds, pension funds, hedge funds, are but a small part. According to Barclay Hedge, there are 342 Billion in Managed Futures: And, although the change from Q2 to Q3 of 2016 is a small percentage of @ $9 Billion, it is a positive figure, and shows that managed futures is one place funds are flowing into. CTAs, CPOs, and other types of managed investments that have a track record should all benefit from the poor performance of traditional managers, especially those which don't charge a management fee. But in any scenario, investors only started to loathe the management fees when performance suffered. When performance is good - who doesn't mind paying for it? And finally - it may shed light on the still standing FX manager industry. While these hedge funds have suffered volatile returns, losses, and fee congestion - some FX managers have continued to perform year in and year out with the use of complex algorithms, that work in FX but not in other markets. Now may be the time for institutional investors to take another look at such algorithmic FX strategies. To get an education about the benefits of FX investing, checkout Fortress Capital Trading Academy. Here's a list of books to add to your bookshelf to enlighten yourself. Wall Street and the Bolshevik Revolution. Armand Hammer: The Untold Story A People's History of the United States Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich
Metlife увидел риски в 2017 году Ну вот и прошла одна из сложнейших и важнейших недель этого фактически уже прошедшего 2016 года. Она оказалась на удивление позитивной и достаточно спокойной. Можно точно сказать - могло быть все гораздо хуже. Однако на рынке сохраняется умеренный оптимизм, и он не дал развиться "медвежьим" настроениям. Многие аналитики ожидали, что торги в минувшую пятницу пройдут в спокойном русле на фоне небольшой фиксации прибыли. В принципе так оно и случилось… Все индексы закрылись в небольшом минусе. Правда этот минус не позволил индексам S&P500 и NASDAQ закрыть неделю в плюсе. А вот главный герой последних недель - индекс DJIA-30 оказался и в этот раз на высоте, закрыв шестую неделю в "зеленой зоне". Однако немного настораживает тот факт, что в пятницу оборот по акциям, входящим в этот старейший американский индекс, оказался на запредельно высоких уровнях, достигнув отметки в 573 млн акций.
Ну вот и закончилась одна из сложнейших и важнейших недель этого фактически уже прошедшего 2016 года. Она оказалась на удивление позитивной и достаточно спокойной.
Мы проанализировали производственные и финансовые результаты MetLife за несколько лет и последний отчетный период – 9 месяцев 2016 года.
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
The upside in MetLife (MET) is driven by a profitable third quarter, an increase in share buyback authorization last week as well as restructuring initiatives taken recently.
By Heather Taylor Thanksgiving is right around the corner and with it comes a big day filled with turkey and stuffing, family, friends, parades and a football game (or two), and pumpkin pie to cap off the evening. But what if I told you that this year we’re inviting not one, or two, but 20 brand mascots to the feast? The more the merrier, after all — and we’re thankful to have a group of familiar faces who know all about delicious eats joining us. Pull up some extra chairs, break out the spare oven mitts, and make some room for side dishes. The ad industry’s best and brightest are sharing with us which brand mascots they’d like to invite to Thanksgiving dinner and the rooms in the house you can expect to find this motley crew hanging out. Guests en route to the feast… Who’s that ringing the doorbell as the first guest to arrive? Why, it’s none other than Charlie the Tuna, carrying with him a classic tuna casserole as the perfect alTUNAtive substitute to turkey. Charlie makes an outstanding dinner guest, according to the team at Gatesman+Dave. He’s stylish in his festive red beret and glasses and is fresh off his Presidential campaign trail, ready to provide great conversation about his experience and plans for the future — all in good taste, of course. Ho ho ho! The next voice at the door is a booming one that can only belong to the Green Giant. Karen Seiger, Editor of the food blog Markets of New York, invited him along to dinner because he’s bringing a tasty covered dish — broccoli cheese casserole! The Green Giant is accompanied by his pint-size buddy, Little Green Sprout, whom we’ll see later in the evening again… Fashionably late, but debonair as can be, Mr. Peanut arrives bringing along party nuts as his appetizer of choice. Michael Lewis, Marketing Assistant at Active Web Group, notes that the cosmopolitan Mr. Peanut no doubt has plenty of interesting stories to regale those wining and dining at the feast. On kitchen prep detail… No Thanksgiving meal is complete without a basket of fresh, hot rolls and where there are crescent rolls, the Pillsbury Doughboy can’t be far behind. Since Poppin’ Fresh has his own float in the Macy’s Thanksgiving Day Parade, JP Faiella, Chief Executive Officer at Image Unlimited Communications, Ltd. advises everyone to set their timers since the Doughboy might be running late. When he finally gets here, expect plenty of infectious giggling at all of your jokes, according to the Writer’s Room at Brownstein Group. Assisting the Doughboy is none other than the queen of home-cooked goodness herself, Betty Crocker. Betty’s a no-brainer pick for Megan Zale, Senior Copywriter at Moncur, who is excited to see Betty flex her culinary prowess in whipping up the most magical, comforting, delicious meal of the year. Misty Bell Stiers, Creative Director at Isobar, is also ready for a hearty conversation to go with prepping the stuffing and sweet potatoes. “Who better to help me finish off the perfect golden turkey while we chat about current women’s issues and historical perspectives?” Speaking of extra help, where’s Lefty AKA the Helping Hand at Hamburger Helper? Oh, you’ll be seeing him soon enough. Now let’s get all of these yummy dishes out to the table — it’s almost time for turkey and to make a toast! Wait, who’s giving the Thanksgiving toast? With a name like Bibendum (which literally translates to “now is the time to drink” in Latin, according to Cory Schearer, Creative Director at Ferebee Lane + Co), the Michelin Man is here to say cheers. “His classic toast may be in Latin, but a dinner like this could use a dose of class from a seasoned toastmaster.” Says Alex Gonzalez, Senior Designer at Omelet. Chin chin! Speaking of the holiday spirit(s), no toast would be complete without a few libation mascots both of the throwback and current variety. The team at Y&R cordially invite Bert and Harry from Piels Beer to be our dinner guests while Kelsey Nelson, Senior Content Manager at Ferebee Lane + Co, would like Captain Morgan to play bartender at her apple cider bar. “If he could help pump this bar up and make sure the family forever stays just a little tipsy, it would go far for my first time playing hostess.” ‘Round the dinner table… Dig in, everyone! The first mascot to compliment every dish with plenty of gratitude is Tony the Tiger. The Writer’s Room at Brownstein Group is sure that every dish will be “Gr-r-reat!” from the cranberry sauce to the yams. Guess who’s carving the turkey? It’s Allstate’s Mayhem — and he promises to keep the bird in good hands to make up for some of his antics from earlier in the evening. “I would just love to see all of the mayhem he could insight from the moment he arrived in the driveway, through dinner, and during the Lions game. DISCLAIMER: This dinner would have to take place at someone else’s home.” Says Brian Arndt, Creative Director and Producer at Paradise Advertising. As far as the seating arrangements go, Gonzalez wants to get introductions underway between the Land O’Lakes Indian Maiden and The Brawny Man. Meanwhile, we’ve got the most talked about mascot at the table: the newest Dos Equis Most Interesting Man in the World. Marty Senn, Chief Creative Officer at Carmichael Lynch, plans to invite the latest incarnation with a twist. “… An hour later and with every chair taken, I’d arrange for the old Most Interesting Man to arrive.” Page Smith, Lead Developer at Happy Medium, predicts that getting the old and new mascots together in the room means endless storytelling opportunities — and unexpected adventures. “You'd start by eating a nice turkey and by the next morning you'd end up on a private jet to a field in Milan to watch an ostrich race!” At its core, Thanksgiving is about gratitude and counting your blessings. And we know a few brand mascots, most notably Snoopy at MetLife, have been laid off in the past year. Kevin Nguyen, Social Strategist at Epic Signal, is pulling up a couple of chairs for any mascot out of work. “I want them at my dinner because I want to console them and let them know things will get better. They will find another job in due time and we can at least enjoy the holidays in the presence of friends.” The mascots spotted at the kids’ table… Remember the Little Green Sprout who arrived with the Green Giant earlier tonight? He’s at the kids’ table, encouraging everyone to eat their vegetables. The Writer’s Room at Brownstein Group has also entrapped the Trix Rabbit there too… Just to see what would happen. Hey, did someone say clean up duty? Who else but Mr. Clean could tackle kitchen duty better to help clean up the dishes? For Alison Monaghan, Communications Director at Happy Medium, he’s the real MVP of the day. “Anyone who has ever prepared Thanksgiving for their family should think of Mr. Clean first and foremost for an invite.” With his good nature and the help of the mascots bringing over their baking supplies and dishes, Mr. Clean takes it all in stride to get silverware sparkling clean. Now that the day is winding down, he’ll be putting his feet up to relax with treats just like the rest of us… Post feast dessert, drinks, and entertainment… Time to slip into a food coma with baked goods and coffee! Ernie Keebler and the Keebler elves have been hard at work making decadent cookies for everyone to enjoy. (Even though Josh Lane, Partner and Director of Account Strategy at Ferebee Lane + Co is dying to get an invite to the treehouse that they call headquarters.) Balancing out the sweets is coffee from Juan Valdez — a must, says Rob Soltan, Senior Copywriter at Blue Chip Marketing Worldwide. Remember when I mentioned that Lefty was MIA in the kitchen earlier? That’s because he’s on after dinner DJ duty. Tabitha Jamerson, Social Media Strategist at Happy Medium, nominated him for the gig after checking out his fire mix via Twitter. Time to cut loose to an ad industry approved remix of “We Are Family” — I got all my brand mascots and me! Happy Thanksgiving! -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
By Aaron Kinsey, Harvard Business School, Class of '17 & Harbus Contributing Writer The mood on the Harvard Business School campus last week was incredibly somber. The entire institution appeared to be paralyzed. Undoubtedly, some of this was driven by the fear and uncertainty around what a Trump administration will look like. A substantial portion of the underlying despair was, and still is, driven by disbelief. Disbelief that a race which was presumably "in the bag" was turned on its head by a candidate that almost every news outlet had written off. Personally, I knew many were not expecting this outcome, but I was shocked at the extent of the surprise that Donald Trump would be our next president. Two of my Tuesday classes - one at HBS and one at HKS - asked students for election predictions. I twice predicted a Trump victory, and each time, I received looks that implied I couldn't possibly be serious. Many of my classmates could not fathom the American public voting Donald Trump in as our next President. In their minds (and per the HBS student election poll published in the Harbus), Hillary would run away with a landslide victory. It was then no surprise that there was absolutely no curiosity around why I could have arrived at such an opinion. So how could a man, down in almost every major poll and written off by a media eager to see him fail, pull off one of the biggest upsets in electoral history? More importantly, how could the pollsters have gotten this so wrong? One can argue that a major contributor to the deviation in predictions was because Trump supporters did not feel comfortable opening up to pollsters. In fact, according to Frank Luntz, a renowned pollster, and CEO of Luntz Global, many people who supported Trump declined to even answer the exit polls, thus further contributing to the skew. This topic brings up a few pertinent questions for us to consider: Why would some of Trump's supporters refuse to talk to the pollsters? Over the past few years, our country has embraced a culture of political correctness. Viewpoints against progressive thought are swiftly attacked, oftentimes with an "ist" or "ism" labeling attached. These attacks have severely undermined the ability and willingness of those with opposing views to openly discuss their differences. Once a label has been inserted, the conversation takes on a different theme in which one must defend their character instead of debate the political issue at hand. Thus, they never get the opportunity to present and defend their stance. In fact, it causes those who were threatened to check out of future discourse! If their opinion is not even allowed a seat at the table, there is no purpose in voicing it. The result is that even in a society which claims to embrace discourse and differing views, people do not feel free to share their true perspectives. It's simply not a battle in which most people want to engage. For them, the risk is just too high that someone will use a false narrative or unconscious bias to punish them socially. This is precisely why some Trump voters declined participation in exit polling. Does a similar phenomenon play out at HBS? In our own community at HBS, the decision on whether to fully engage is one that conservatives face every day. I know this to be true because it has been my experience over the last year and a half. I came to HBS with an open mind for the opportunity and genuinely wanted to enhance my ability to see things from the perspective of a diverse group of people whose backgrounds were much different than mine. I spent my first semester somewhat guarded in expressing my opinions and beliefs or challenging those with whom I disagreed. The social risks seemed very high. After Christmas break, I decided I could not do it anymore. I would be more outspoken and portray a contrarian argument. I simply could no longer allow myself to be suppressed. Once I started to openly express my views, I noticed a series of "strange" occurrences happening at school. Several of my classmates would either text me or discretely approach me in the hallway to tell me that they agreed with my opinions. Honestly, I had no idea that they shared the same opinions on many issues. You see, those with differing beliefs were afraid to speak out in class, out of fear of social retribution, even though their beliefs would have represented a voice frequently unheard by HBS students. Even worse, many of these same people continue to remain silent about their beliefs to this day. Perhaps if dialogue around these beliefs would have been previously welcomed at HBS, the community would have been much less surprised by Trump's victory This begs us to ask the question, is this the open and inclusive community for which we strive at Harvard? What can we all learn from this that can help us in our HBS studies and in our careers after graduation? In many ways, this controversial time can serve as a great opportunity for self-reflection and improvement. First, on an individual level, we should strive to hear the viewpoints of others, withhold judgment, and consider the views based on their merits. It sounds easy, but it's extremely hard. I know because I've spent the past year building this skill within myself. It doesn't require us to change our own views, but teaches us to withhold labels and resist inserting them into debates in lieu of logic and proven facts. Making these adjustments can help us become better-informed members of a community in which we strive toward better ideas and solutions to the challenges of our societies. Additionally, as future business leaders, we should pause to appreciate the value in creating culture. The current cultural climate made many voters reluctant to speak up about what they truly believed. In our future businesses, can we afford the cost of not receiving legitimate and accurate feedback from those in our organizations? What are those costs and who are the stakeholders who must bear them? Our challenge is to create an environment where ALL views are justly considered, not just the loudest or most persistent. Finally, to fellow conservatives in the HBS student body, your classmates need you to share your experiences and opinions. The first time you stand up for your beliefs in class is the hardest, but at least you can sleep at night knowing you've been true to yourself. You might even be the one that spurs the discussion forward and helps our institution in its mission to educate leaders who make a difference in the world. By speaking up, you do yourself and your fellow classmates a service. To hear open, honest debate is a rarity today; let's make sure we start by fostering it here. ----------------------------------------- Aaron Kinsey (HBS '17) is an EC student from Section D who prides himself on his Texas roots. Prior to HBS, he spent 9 years as a U.S. Air Force pilot and worked for Deloitte and the San Antonio Area Foundation. He spent the past summer at MetLife Real Estate Investors. Aaron is a Senator, Co-President of the Republican Club, Co-President of the Free Enterprise Club, and CFO of the Armed Forces Alumni Association. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
Financial institutions have faced a stream of regulations since the 2008 financial crisis.
Ипотечные банки могут оказаться под защитой регуляторов, что позволит им обходить некоторые законодательные акты.Ипотечные кредиторы в США получат больше власти над своими клиентами. По данным источников издания The Wall Street Journal, федеральные регуляторы рассматривают возможность предоставления банкам, занимающимся ипотечным кредитованием, защиты от некоторых законов. Изменения коснутся базового национального ипотечного стандарта, то есть займов клиентов с хорошей кредитной историей. В судах решения по делам о просрочке или невозможности погашения таких кредитов будут рассматриваться в пользу кредиторов. В то же время в случае категории, которая по кредитной истории все еще подходит под определение общих стандартов, но близка к сабпрайм-кредитам, банки получат меньше защиты. Ссылки по теме Власти США нашли "ипотечные грехи" Wells Fargo Рассерженные домовладельцы засудят банки США США ожидает новая волна ипотечных конфискаций Решение об изменении правоприменительной практики на руку ипотечным кредиторам. Ведь с 2008 г. семь крупных американских банков потратили более $76 млрд на судебные разбирательства и затраты, связанные с просрочкой по ипотечным кредитам. Накануне американские банки были обвинены в незаконном обогащении за счет преднамеренного манипулирования LIBOR. Согласно версии истцов банки были заинтересованы в росте ставки LIBOR в определенные периоды, когда проводился перерасчет плавающих ставок по ипотечным кредитам.Причем у истцов имеется весомое доказательство такой деятельности банков: согласно статистическому анализу ставка LIBOR постоянно повышалась именно в первый день каждого месяца в период с 2000 по 2009 гг. Однако более яркая динамика прослеживается в 2007-2009 гг., когда ставка в дни перерасчета подскакивала на 7,5 б. п.Согласно информации издания Financial Times число истцов потенциально может увеличиться до 100 тыс. Среди банков, которым предъявлен иск, UBS AG, Bank of America Corp. и Royal Bank of Scotland Plc.Ранее около 200 тыс. заемщиков обратились с требованием о пересмотре результатов отчуждения недвижимости. Это необходимо для получения компенсации в случае выявления нарушений или халатности в обслуживании ипотечных долгов, а также в процессе обращения взысканий по ним. Фактически банки могут поплатиться за излишне агрессивные действия, которые имели место быть в период между 1 января 2009 и 31 декабря 2010 гг. Среди банков, которые будут вынуждены выплатить компенсации, могут оказаться такие финансовые гиганты, как Bank of America, JP Morgan Chase, Citibank, HSBC, MetLife Bank, PNC Mortgage и Wells Fargo.
Американские домовладельцы подали иск против 12 крупнейших банков мира.Процент ипотеки, привязанной к ставке LIBOR Согласно информации издания Financial Times домовладельцы утверждают, что манипуляции со ставкой LIBOR способствовали росту выплат по их ипотечному кредиту, в результате чего они лишились своей собственности, так как не были в состоянии оплачивать растущие счета. Банки были обвинены в незаконном обогащении за счет преднамеренного манипулирования LIBOR. Согласно версии истцов банки были заинтересованы в росте ставки LIBOR в определенные периоды, когда проводился перерасчет плавающих ставок по ипотечным кредитам.Причем у истцов имеется весомое доказательство такой деятельности банков: согласно статистическому анализу ставка LIBOR постоянно повышалась именно в первый день каждого месяца в период с 2000 по 2009 гг. Однако более яркая динамика прослеживается в 2007-2009 гг., когда ставка в дни перерасчета подскакивала на 7,5 базисных пунктов."Каждый из моих клиентов понес ущерб в тысячи долларов", - заявил адвокат истцов. Ссылки по теме Власти США нашли "ипотечные грехи" Wells Fargo JP Morgan может потерять $22,5 млрд США ожидает новая волна ипотечных конфискаций Согласно информации издания Financial Times число истцов потенциально может увеличиться до 100 тыс. Среди банков, которым предъявлен иск, UBS AG, Bank of America Corp. и Royal Bank of Scotland Plc.Ранее около 200 тыс. заемщиков обратились с требованием о пересмотре результатов отчуждения недвижимости. Это необходимо для получения компенсации в случае выявления нарушений или халатности в обслуживании ипотечных долгов, а также в процессе обращения взысканий по ним. Фактически банки могут поплатиться за излишне агрессивные действия, которые имели место быть в период между 1 января 2009 и 31 декабря 2010 гг. Среди банков, которые будут вынуждены выплатить компенсации, могут оказаться такие финансовые гиганты, как Bank of America, JP Morgan Chase, Citibank, HSBC, MetLife Bank, PNC Mortgage и Wells Fargo. В результате банки могут быть вынуждены заплатить по каждому из обращений от $500 до $125 тыс. за совершенные ошибки. Эти ошибки могут включать отчуждение недвижимости у тех заемщиков, у которых не было дефолта по их ипотеке, или отклонение ходатайства об изменения условий кредитования даже при том, что оно должно было быть одобрено в соответствии с указаниями правительства.Также стало известно, что Федеральная резервная система и Управление контролера денежного обращения Министерства финансов США продлили для заемщиков крайний срок подачи заявлений о пересмотре взысканий по ипотеке, который установлен до 30 сентября.