And most of them lacked a means to lock in, or hedge, these paper gains in home equity.
They hung on and rode the inflation train to huge paper gains.
While the real test for the secondary markets will come later this year, many in the industry say even paper gains will add fuel to the already frothy valuations in the secondary marketplace.
Also, like the big mortgage issuers on the mainland, he has a habit of booking paper gains on the servicing portfolio: As soon as a loan is closed, he books as income the value of the right to service it.
The analysis in this paper assumes that the gains from productivity growth will be more broadly shared in the future, as they have been in the past.
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Most of the gains came from paper rises on its investments and derivative contracts.
But other industry stocks also showed significant gains with KapStone Paper and Packaging (KS), PF Glatfelter (GLT), Domtar (UFS), Neenah Paper (NP), Clearwater Paper (CLW) and Sonoco Products (SON) gaining 6.2%, 5.6%, 4.2%, 4.4%, 3.3% and 3.2%, respectively, during the same two-day period.
The brothers used Cayman Islands corporations, options and warrants to produce paper losses that offset all their taxable gains.
If editors at a Murdoch paper are so antientrepreneur, a lighter capital gains tax alone won't staunch Britain's outflow of risk capital and talent.
If editors at a Murdoch paper are so anti-entrepreneur, a lighter capital gains tax alone won't staunch Britain's outflow of risk capital and talent.
The paper argues that as much as two-thirds of the gains from trade are eliminated due to the losses associated with these redistributions, and that this amounts to a serious problem.
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Housing values dropped in 73 cities while 26 posted gains, and one reported no changes in residential prices, the paper reported.
Focusing on paper losses means you tend to ignore the consecutive years of double-digit gains before and after the down year.
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Many have socked away money in mutual funds or burgeoning 401(k) plans, reinvested dividends and capital-gains distributions, and piled up huge profits--so far mostly on paper.
The Sarbanes-Oxley Act has imposed enormous costs on businesses, particularly small ones, yet these paperwork burdens have not prevented corporate fraud. (And this bureaucratic delight didn't ban corporate executives from lucratively backdating stock options, thereby generating huge gains with virtually no risk.) Those intent on wrongdoing will easily find ways around paper barriers.
The paper's circulation in its home base of Pinellas County has deteriorated in recent years, largely offset by readership gains in other parts of the Tampa Bay area.
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