The early adopter types that would be likely to specify their own defaults are also the kind most a risk for leaving the platform in search of more control of their experience, anyway.
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Credit card issuers closed risky accounts, cut credit limits on millions of accounts, and tightened lending standards to cut their risk of defaults and late payments.
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This history has spawned a deep-seated fear of formal default (though many poor countries have had de facto defaults as their debts have been rescheduled).
Another scenario: The economy worsens, property owners miss debt payments, mortgage REITs are hit by defaults in their whole-loan portfolios, falling prices for junky commercial mortgage bonds and margin calls.
Global commercial real estate markets are posing huge threats to economic recovery, consumers and businesses are still paying down their debts, and defaults in eastern Europe are not dissipating, to name a few.
Barring such an IMF debt roll-over, Russia would likely be forced to add sovereign bonds floated in Europe and the U.S. to their growing list of defaults. 3 More importantly, defaulting on IMF debt would effectively eviscerate what little remains of Russia's creditworthiness.
They suggested some European countries should restructure their debts with "orderly" defaults, according to Bloomberg reports Tuesday.
To lower their number of student-loan defaults, colleges are embracing a controversial tactic: Encouraging borrowers to put off payments.
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Corporate defaults remain well below their historical average.
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There are a growing number of strategic home defaults, deemed such when home buyers who can afford the mortgage payments choose to default because their homes are worth less than their mortgages Morgan Stanley estimates that 12% of defaults in February is from this category.
The risk is this: millions of home-owners who are already financially stretched will be pushed to breaking point once their mortgage resets, triggering another spiral of defaults, repossessions, write-downs, implosions and lay-offs.
All it will take is one or two defaults to trigger write downs of their LC guarantees which will then be followed by a loud call for transparency into what the banks are really holding.
Some had lost their jobs, and the subsequent cascade of debt defaults was not something they chose.
Repossession cases usually involve a lender taking legal action against a borrower who defaults on a mortgage or loan secured on their property.
What if they are so committed to their agenda and dismissive of their constituents that they will allow unemployment to rise, interest rates to skyrocket, government services to disappear, seniors to lose their Social Security checks and other catastrophic consequences of debt defaults and government shutdowns?
Perez has seen a disturbing rise in defaults among buyers who were about to close on their condos, from 0.5% to 2.5% of pending deals recently.
Because they keep most of these loans on their own books, the lenders incur all the losses if a borrower defaults.
According to the report, of all the dollars that had been invested in the 71 bond defaults, investors received an estimated average of 65 percent of their money back.
First, he needs to orchestrate partial, but significant defaults on GIIPS debt that leave the GIIPS fiscally solvent even if their economies take years to recover.
Defaults remain very low, but a number of banks are beginning to increase their provisions against loan losses.
Am I to believe that the barons of Wall Street, with their extensive risk-analysis algorithms, were unprepared for such a comparatively small rise in defaults?
German banks, which are the biggest European Union lenders, will suffer the most through the defaults and bailouts, causing a depression in Germany like few have seen in their history.
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She refuses to share her balance sheet with stressed countries by allowing the issuance of euro-bonds, until they reform, even though such reforms cannot be implemented in time to head off sovereign defaults that would take down many under-capitalized European banks, now desperately juggling their books to inflate their capital ratios.
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Yet now share prices have slumped and the central bank has been forced to reassure financial markets that a wave of defaults in the sector will not hurt the banks, which have about 7% of their loans to the power industry, mainly to generation firms.
When a company defaults, the creditors are automatically in the driving seat, and - usually - can demand all their money back.
They are also beefing up their distressed-debt and bankruptcy teams, a source of profit that should mitigate any pain from a rise in defaults and tougher debt markets.
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This may not be very risky when defaults are few and far between, but if the economy falters and more companies start to default on their debt, there could be greater danger in a homemade portfolio of individual bonds.
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