Friday, March 09, 2007

New Century Financial - Empty Pockets

New Century, the 3rd largest sub-prime lender in the US, is in a world of hurt. First, the rejected loan pass-throughs, then the federal investigation of fraud, and then the resulting dot-com-like crash of their stock price (see graphic). Now, with no one else's money to lend, they've finally come to the conclusion that they can no longer lend any money at all.

From Alistair Barr at Marketwatch.

'SAN FRANCISCO (MarketWatch) -- New Century Financial Corp. said late Thursday that it has stopped accepting loan applications because some of the subprime-mortgage specialist's financial backers are refusing to provide access to financing.

New Century also said that it has received $150 million worth of margin calls from its so-called warehouse lenders. It has satisfied about $80 million of those calls, but $70 million remains, according to the company.

"As a result of the current constrained funding capacity, the company has elected to cease accepting loan applications from prospective borrowers effective immediately, while the company seeks to obtain additional funding capacity," New Century said in a statement. '

Wow - got no money, got no car, got no women, so there you are. (credit Young MC for that genius line). Maybe they could get some crap-ass financing from a pay-day lender to keep them afloat.

'"The company expects to resume accepting applications as soon as practicable; however, there can be no assurance that the company will be able to resume accepting applications," it added. '

Translation: "Put a fork in us - we're done. We'll start accepting loan applications as soon as we get bought by another company. But then agian, who would want to assume our horrific portfolio?"

'Lenders specializing in such loans, like New Century, rely in part on big banks known as warehouse lenders to finance their operations. These backers require that subprime lenders meet certain minimum financial targets; otherwise, they have the right to end the business relationship.

On Friday, New Century said it had breached one of those requirements, or covenants, and also disclosed that it's the subject of a federal criminal investigation. See full story.

New Century said on Thursday that it has yet to get waivers on this covenant from five of its warehouse lenders, having made no progress on this point since Friday.

"Once you get hit with one of these crunches, warehouse lenders don't want to lend to you, so you're really done," said Joseph Mason, associate professor of finance at Drexel University's LeBow College of Business and a visiting scholar at the Federal Deposit Insurance Corp.

Mason, who recently published a study on the subprime mortgage market, said he's expecting more bankruptcies in the sector. '

The lending implosion continues. With less money avaible for mortgage borrowing, it can only hasten the demise of our giant, cancerous bubble. Bad medicine for sure, but the cure is on the way.

405 comments:

«Oldest   ‹Older   401 – 405 of 405
梁爵 said...

2019.10.23知名酒店經紀分析顯示,9月酒店工作就業人數為1135萬人,受暑期酒店兼差大學生臨時課業影響,較8月減少7萬人;9月上班族失業轉戰酒店兼職則為43萬人,較8月減少1.4萬人,其中因畢業生陸續找到酒店打工,初次尋職失業者減少6000人,因季節性或臨時性工作結束而失業者也減少6000人。

梁爵 said...

2020.08.06【工作相關職場分享必看不敢來酒店上班-酒店打工的原因】就算是酒店應徵也是有求職陷阱的!梁小尊來告訴你。
【工作相關職場分享必看酒店小姐的基本介紹跟工作內容
很多女孩我在酒店上班的日子在網路PTT的疑問:我在Google上網搜尋有找到好幾家酒店在徵酒店助理,可是我一到現場的時候,他們卻要我做酒店公關的工作,讓我感覺得害怕,可是酒店兼差不是一個複雜的工作環境?Google搜尋網頁上面寫的薪水又很誘人,真的很想嘗試看看,但又怕被騙!有人可以告訴我,我該怎麼做嗎?
梁曉尊來幫你解答: 酒店小姐上班通常會取什麼名字?
網路上的應徵酒店助理都是噱頭而已,實際上他們要應徵的都是酒店公關,薪水也是想用高薪來吸引人家進來應徵而已,如果他們看到你,覺得外型不錯,就會開始跟你說做酒店公關的薪水會比較多,就會開始慫恿你做酒店公關,因為酒店最缺的還是小姐,至於其他職務的話,有可能也有缺…但是要看店家需要的人數跟目前還有沒有餘額,如果要應徵酒店類的工作還是打聽清楚會比較安全、比較保險。
酒店助理,薪水也大概在兩萬五左右,跟外面的助理薪水其實是差不多的,不會因為酒店是高消費的地方,所有職務的薪水都會提高。
再來普羅大眾網路PTT時常發問: 酒店小姐去酒店上班都一定要出場接s嗎?如果真的要應徵酒店小姐 有什麼要注意的?要如何保護自己?
當然有些女孩們,因為生活上某些因素,需要酒店小姐這份工作又擔心受騙!沒有方向可尋....
梁曉尊再教你另一種保護自己的方式: 透過Google搜尋酒店經紀的名稱,是否有相關事業! 。如果只是看到漂亮的網頁 ,但沒有任何內容也別輕易相信(因為很多不肖酒店人士,透過假網頁做非法之事)共同點 經紀人名稱Google搜尋不到,更沒有本人照片(女孩們千萬要特別注意)。

梁爵 said...

2020.09.10【酒店小姐】【酒店公關】不敢來酒店上班-酒店打工的原因網紅「游彤葳wei」因用女性視角來分析男女感情,而獲得許多粉絲支持。日前她邀請曾擔任酒店經紀的好友來分享酒店小姐的基本介紹跟工作內容,一般人不會知道的酒店潛規則,說著她也自曝大學期間曾被騙去酒店擔任過領檯,還被扣押證件,獨特經驗掀起酒店小姐酒店公關酒店上班到底都在做麼?網友熱議。游彤葳日前在影片中打電話給畢業後在酒店擔任經紀的同學,對方先是透露:「我都是帶禮服跟便服的店,我沒有帶制服。」接著向游彤葳wei解釋酒店小姐分為「便服、禮服、制服」三大類型,其中便服是最高級的,所以可以穿著便服上班,「只要她覺得好看,客人可以『框』她就好」,而「框」的意思就是可以把小姐帶出去一整天。而禮服就是一排小姐會穿上華麗造型,制服小姐素質則參差不齊,需要在包廂內跟客人聊天,等音樂一下就直接在客人身上熱舞、脫衣服,在第二首音樂響起時,就會直接進行「特殊服務」。而酒店經紀如何跟小姐拆帳也決定了雙方的收入高低,如果小姐每10分鐘賺200元,經紀從中抽50元,厲害的經紀平均一天收入是15000元。也因為收入高得嚇人,脫離需要很大意志力。游彤葳也自曝過去有在酒店擔任過領檯的經驗,一開始真的是單純的領檯工作,酒店也聲稱這是「正經的工作」,但在接待兩組客人後,游彤葳跟朋友開始感覺不對勁,起初酒店方還扣留她們證件不還,好在堅決表示離去的意願後,酒店並未進一步刁難,才讓她們平安脫身。

梁爵 said...

酒店上班技巧安全最重要
2021.01.15酒店經紀梁小尊又要開講啦!許多來找我梁曉尊酒店打工面試應徵工作的求職者,在詢問酒店工作相關資訊時,常遺漏了最重要的事情,就是在酒店上班有那些是必須要注意的地方。相信有許多人在網路或報紙上酒店上班求職時,常看到很多廣告內容都強調薪水有多少,卻忘了告訴想到酒店工作的各位,酒店這個環境有那些是要注意的,這裡我酒店經紀梁曉尊就提供一些相關安全資訊給大家。
酒店經紀教妳選擇酒店兼差內容與環境
就梁小尊長期觀察酒店這個環境,只要酒店內部裝潢明亮看起來乾淨整潔,這樣的酒店工作內容幾乎都是十分單純,穿著小禮服或是便服的方式坐檯,工作內容都是【酒店小姐】【酒店公關】陪客人喝酒、唱歌、聊天以及做些桌面服務(整理桌面,保持清潔)這一方面的基本互動。很多玩的比較瘋的酒店內部裝潢普遍昏暗、陳舊及髒亂且常會飄有異味。如果您希望的工作內容相較單純些的話,可依照上述的方式做一個初步判斷。
酒店經紀梁曉尊教妳出場如何自保在我們這裡工作的公關面對出場問題有絕對選擇權。但單純出場陪客人去續攤或是約個小會是在所難免的,畢竟在酒店上班是要營造出與客人有如戀愛的感覺。當然公關都要先觀察客人在包廂與自已的互動,以及觀察客人酒後的行為,做為是否要跟客人出場的判斷。當然客人在詢問公關要不要出場的時候,公關必須詢問客人出場要去的地點,以及有無其他同行友人,最後要再與幹部回報與確認,如此才能大幅降低出場的危險。但難免有些客人說要出場的地點跟實際去的地點不同。例如:客人說要去吃消夜結果車子開到汽車旅館或是住家(私人場所),如果遇到這種狀況,在客人把車停靠在汽車旅館入口的時候,請直接當櫃檯小姐的面前先行下車,並直接回報店家行政與幹部,同時店家行政也會立即連絡酒店經紀人回報狀況,其餘的事情都交由公司處理即可。

梁爵 said...

酒店經紀

酒店經紀

酒店經紀

酒店經紀

酒店經紀

酒店經紀

酒店經紀

酒店經紀

«Oldest ‹Older   401 – 405 of 405   Newer› Newest»