ABC Don't Expect Pay Phones to Disappear--2001Anne Melfi
Analysts say payphones will not completely disappear despite their declining numbers and revenue challenges faced by payphone service providers. While only 2.2 million payphones remain in service, down from 2.6 million a few years ago, some analysts believe the decline could stabilize or even reverse as not all Americans own wireless phones and many homes and inner cities still lack traditional phone service. Payphone service providers are pulling some phones due to lower revenue from wireless substitution and free dial-around options, but some are staying in business while awaiting potential enforcement of laws requiring compensation for all phone calls, not just 911 calls.
ABC FDIC ... mortgage-backed securities, year 2000Anne Melfi
The FDIC is testing the market to see if selling two mortgage-backed securities as outright loans would yield a higher return. The loans are among the last remaining from the Resolution Trust Corporation, which was dismantled in 1996 after cleaning up the savings and loan crisis. If the direct loan sales are favorable, buyers could pursue acquiring 16 more loans. Selling loans directly could drive up the price compared to continuing to derive income from the securities.
ABC Don't Expect Pay Phones to Disappear--2001Anne Melfi
Analysts say payphones will not completely disappear despite their declining numbers and revenue challenges faced by payphone service providers. While only 2.2 million payphones remain in service, down from 2.6 million a few years ago, some analysts believe the decline could stabilize or even reverse as not all Americans own wireless phones and many homes and inner cities still lack traditional phone service. Payphone service providers are pulling some phones due to lower revenue from wireless substitution and free dial-around options, but some are staying in business while awaiting potential enforcement of laws requiring compensation for all phone calls, not just 911 calls.
ABC FDIC ... mortgage-backed securities, year 2000Anne Melfi
The FDIC is testing the market to see if selling two mortgage-backed securities as outright loans would yield a higher return. The loans are among the last remaining from the Resolution Trust Corporation, which was dismantled in 1996 after cleaning up the savings and loan crisis. If the direct loan sales are favorable, buyers could pursue acquiring 16 more loans. Selling loans directly could drive up the price compared to continuing to derive income from the securities.