Tag: credit risks

Underwriting Standards Continue To Ease: OCC Survey

Underwriting Standards Continue To Ease: OCC Survey

Responding to competitive pressures, abundant liquidity, and the desire for yield in the low interest rate regime, banks have eased underwriting standards and enhanced levels of credit risks, reports an OCC survey. The Office of the Comptroller of the Currency’s […]

FPA New Income

FPA New Income Q4 Conference Call Transcript

FPA 2013 Q4 New Income Fund Conference Call  Also see FPA Capital call here, FPA International Value Fund here, FPA Paramount Fund cc here, FPA Perennial Fund cc here.   And certainly see comments from Steve Romick’s call to FPA Crescent shareholders here. Since its inception in 1984, […]

How We Can Eliminate the Rating Agencies

How We Can Eliminate the Rating Agencies

After writing Eliminating the Rating Agencies, I felt there was room for improvement. Part of that stems from reading critiques of the rating agencies that really don’t understand why ratings exist.  Ratings don’t exist to help average people, they exist […]