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The banks are often partners in this process, originating debt and then passing it on to institutional investors.Light, not shadeThe idea that more funding activity will pass from the banks to non-banks makes many people queasy.
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They sold derivatives in Delhi and originated subprime debt in Detroit.This model is in trouble for three reasons.
So SocGen originates the debt, keeps a slice of it on its balance-sheet, and hands the rest to AXA, which then allocates it to its funds.
The bureau has the authority to regulate "larger participants" in the debt collection market, but ACA said that the $10 million threshold was too low because the way the bureau measures annual receipts takes into account loan amounts that once collected are simply passed on to the company that originated the debt, less a commission.
Several state officials said they understood that the idea for refinancing the M.T.A.'s existing debt originated with Bear Stearns.
In its latest calculations the IMF reckons that worldwide losses on debt originated in America (primarily related to mortgages) will reach $1.4 trillion, up by almost half from its previous estimate of $945 billion in April.
If Navient wins the contract, it would have a role in originating new federal loans for borrowers, keeping track of their debts, collecting monthly payments on their loans, and chasing them if they default.
Europe's sovereign debt crisis originated in a sclerotic Balkan polity — not the legendary Athenian city-state of yore.
Germany emerged from the second world war still owing debt that originated with the first world war: the reparations imposed on the country following the Versailles peace conference in 1919.
At their meeting Tuesday night, the euro-zone ministers also signaled continuing concerns about efforts to rein in the budget deficit in Greece, where the debt crisis originated this year.
According to the regional Better Business Bureau, nearly half of the collection agencies that it has evaluated in the Buffalo area received a grade of F. The National Better Business Bureau has reported that roughly one in ten of its complaints about debt collectors originate in western New York.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com