Mortgage Backed Securities

Schneiderman: Group Tasked With Probing Mortgage Crisis Needs 'More Resources'

The Huffington Post | Alexander Eichler | Posted 05.25.2012

Read More: Video, Residential Mortgage Backed Securities Working Group, Eric Schneiderman, Mortgage Crisis, Financial Crisis, Sec, Mortgage-Backed Securities, Securities and Exchange Commission, Commodity Futures Trading Commission, New York Attorney General, Financial Regulation, Cftc, Mortgage Task Force, Business News

When it comes to getting to the bottom of the financial crisis, it seems everyone could use a little bit more help. A government task force known a...

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How Financial Criminalization Crashed Economy, Goes Unpunished

Charles Ferguson | Posted 05.23.2012

Read More: Corruption, Financial Fraud, JPMorgan Chase, Goldman Sachs, JP Morgan, White Collar Crime, Wall Street, Finance, Wall Street Crimes, Financial Crisis, Mortgage-Backed Securities, Securities Fraud, Wall Street Corruption, Business News

It is no exaggeration to say that since the 1980s, much of the financial sector has become criminalized, creating an industry culture that tolerates or even encourages systematic fraud.

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Obama's New Mortgage Working Group Is Not Working

Anna Cuevas | Posted 05.03.2012

Read More: Askaloanmodguru, Foreclosure Crisis, Loan Modifications, Anna Cuevas, Mortgage Crisis, RMBS Working Group, Mortgage Working Group, Housing Crisis, Obama, Foreclosure, Mortgage-Backed Securities, Politics News

While there is a pressing need for such an organization, there is also one problem. They haven't done anything. Not only have they not done anything, they also have no dedicated website, address, or telephone number.

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Say Something Already! Obama and Romney's Housing Crisis

Adam Levin | Posted 04.27.2012

Read More: Mortgage Crisis, Elections 2012, Mitt Romney, Obama, Mortgage-Backed Securities, Business, Foreclosure Crisis, Mortgage Settlement, Bank of America, Romney, Business News

Despite what the media and candidates might have you believe, real estate, home ownership and mortgages are the most important issues of the coming presidential election.

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MetLife Sues Morgan Stanley

The Huffington Post | D.M. Levine | Posted 04.27.2012

Read More: Goldman Sachs, Morgan Stanley, Abacus, Allstate, Metlife, Financial Crisis, Mortgage-Backed Securities, Lawsuit, Securities Fraud, Business News

Insurance giant MetLife is suing Morgan Stanley for fraud. The suit, filed in state court in New York on Wednesday, seeks $757 million over reside...

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The Squid Hearts Your House Now

The Huffington Post | D.M. Levine | Posted 03.30.2012

Read More: Goldman Sachs, Mortgages, Housing Market, Goldman, Housing, Mortgage Backed Securities, Housing Recovery, Business News

Goldman Sachs is betting on a housing turnaround. The firm that made billions shorting mortgage-backed securities prior to the 2007 housing collap...

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U.S. Made $25 Billion Profit Off Mortgage Bonds, Treasury Says

AP | MARTIN CRUTSINGER | Posted 05.19.2012

Read More: Video, Tim Geithner, Mortgage Backed Securities, Mortage Securities, Treasury Securities, Treasury Fannie, Treasury Freddie, Business News

WASHINGTON — The U.S. Treasury Department has sold off the final portion of $225 billion in mortgage-backed securities it purchased during the h...

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Goldman Randomly Picks This Week To Review Its Conflict-Of-Interest Rules

The Huffington Post | Alexander Eichler | Posted 03.16.2012

Read More: Goldman Sachs, Goldman Sachs Op-Ed, Conflict of Interest, Greg Smith Goldman Sachs, Wall Street, Goldman Sachs Conflict of Interest, Sec, Mortgage-Backed Securities, Goldman Sachs New York Times, Securities and Exchange Commission, Massachusetts, Big Banks, Tim Cahill, Video, Business News

Perhaps aware that everyone in America is paying it attention this week, Goldman Sachs is reviewing its policies on employee conflicts of interest, ac...

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Today's Most Important Finance Story: Lan T. Pham, Ph.D., Told the CBO the Truth About Mortgage "Securities" and Was Fired for It

Janet Tavakoli | Posted 05.16.2012

Read More: Cbo, Financial Reform, Lan T. Pham, Mortgage Crisis, Robo-Signing, Mortgage-Backed Securities, Systemic Risk, Congressional Budget Office, Ph.D., Foreclosure Fraud, Foreclosures, Mortgages, Foreclosure Crisis, Subprime Mortgages, Foreclosure, Business News

This knowledge isn't unique or new. What is new is that Dr. Pham brought this forward to the CBO and apparently this information is being suppressed and denied by the CBO and in congressional reports.

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U.S. May Bring Charges Against Big Banks On Mortgage Bonds

AP | Posted 02.28.2012

Read More: Goldman Sachs, Video, SEC Goldman Sachs, Subprime Mortgages, Wells Fargo, Business News, Subprime-Mortgage-Loans, Mortgage-Backed Securities, Securities and Exchange Commission, Wells Notice, Business News

SAN FRANCISCO -- Wells Fargo & Co. and Goldman Sachs Group Inc. said Tuesday they may face federal enforcement action by the U.S. Securities and Excha...

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Wall Street Task Force Faces Major Challenge

HuffingtonPost.com | Ryan Grim | Posted 02.28.2012

Read More: Securitization, Elizabeth Warren, Video, Foreclosure Crisis, Mortgage Fraud Task Force, Mortgage Settlement, Eric Schneiderman, Mortgage Fraud, Mortgage Crisis, Banks, Mortgage-Backed Securities, Securities Fraud, Brad Miller, Politics News

A task force is a fickle thing. With the right leader, a strong staff, a broad mandate and a target population rich with criminal actors, a team of pr...

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U.S. Subpoenas Big Bank In Mortgage Bond Probe

Reuters | Posted 04.25.2012

Read More: Video, Reuters, Citigroup Mortgage Securities, Citigroup-Mortgage-Bonds, Business News, Financial Crisis, Mortgage-Backed Securities, Mortgage-Backed-Bonds, Housing Crisis, Citigroup, Business News

Feb 24 (Reuters) - Citigroup said on Friday it received a subpoena from federal and state regulators seeking information about the bank's "issuing, ...

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They're Back! The Mortgages That Crashed The Economy Regain Street Cred

The Huffington Post | Jillian Berman | Posted 02.17.2012

Read More: Video, Subprime Mortgages, Subprime Mortgage Backed Securities, Subprime Mortgage Crisis, Mortgage Crisis, Business News, Subprime-Mortgage-Loans, Mortgage-Backed Securities, Housing Crisis, Business News

The home loans responsible for blowing up the housing market are regaining popularity. Prices are climbing for some bonds backed by subprime mortga...

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SEC May Target Big Banks In Lawsuit Over Mortgage-Backed Securities

The Huffington Post | Alexander Eichler | Posted 02.09.2012

Read More: Deutsche Bank, Goldman Sachs, Merrill Lynch, JPMorgan Chase, Video, Housing Bust, Subprime Mortgages, Housing Crash, Subprime Mortgage Crisis, Ally Financial, Bank of America, Mortgage Crisis, Mortgage-Backed Securities, Housing Crisis, Citigroup, Business News

Regulators may be preparing a lawsuit against some of the country's largest banks in order to probe their role in the acceleration of the financial cr...

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Goldman Buys Billions Of Dollars Worth Of Mortgage Bonds

Reuters | Posted 04.09.2012

Read More: Goldman Sachs, Video, Barclays Plc, Credit Suisse Group, Morgan Stanley, Reuters, American International Group, Maiden Lane II, Mortgage-Backed Securities, Federal Reserve Bank of New York, Royal Bank of Scotland PLC, Business News

* Second major Maiden Lane II sale in three weeks * Allows Fed bank to recoup balance of $19.5 bln loan * Bonds were acq...

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Bond Trader Prosecutions Too Little, Four Years Too Late

Mark Gongloff | Posted 04.02.2012

Read More: Financial Fraud, Cdos, Credit Suisse, Credit Suisse Traders, Financial Crisis, Global Financial Crisis, Mortgage-Backed Securities, Business News

Four years ago, Barack Obama was not yet even the Democratic nominee for president. Today he's running for reelection, and his Justice Department is expected to bring criminal charges against some former Credit Suisse traders for fraud they allegedly committed four years ago. We can hope this is the only the beginning of an aggressive new campaign to root out the malfeasance that helped bring down the financial system, but for now it feels like too little, four years too late.

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BofA Allegedly Modified Home Loans To Keep Complainers Quiet

The Huffington Post | Alexander Eichler | Posted 03.27.2012

Read More: Loan Modifications, Mortgage Modification, Countrywide Financial, Bank of America, Mortgage Crisis, Overdraft Fees, Bank of America Countrywide, Bofa, Mortgage-Backed Securities, Arizona, Housing and Urban Development, Video, Business News

In an attempt to clean up its battered image, Bank of America allegedly provided mortgage assistance to customers willing to drop complaints about the...

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Major Bank Faces Big Lawsuit Over Fraud

Reuters | Posted 03.26.2012

Read More: Loreley Financing, Fraud, Housing Market, Video, Wall Street, Reuters, Banks, Mortgage-Backed Securities, Collateralized Debt Obligations, Channel Islands, New York State Supreme Court, Citigroup, Business News

* Sued over collateralized debt obligations bought in 2006, 07' * Citigroup says suit without merit (Adds Citigroup comment) ...

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Will Another Fed Stimulus Boost The Economy?

HuffingtonPost.com | Bonnie Kavoussi | Posted 01.05.2012

Read More: qe3, Quantitative Easing, Monetary Policy, Federal Reserve, Video, Ben Bernanke, Mortgage-Backed Securities, Prudential, Prudential Annuities, Prudential Financial, Business News

As the international economic climate becomes more threatening, there is talk that the Federal Reserve could try another monetary stimulus to aid the ...

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Firm That Extracted Billions From BofA Sets Its Sights On JPMorgan

Posted 12.16.2011

Read More: Video, Washington Mutual, Countrywide, Securities, Housing Boom, Chase, Mortgage Backed Securities, JPMorgan Chase & Co, Spotlight Advisors LLC, Gibbs & Burns LP, Bank of America Corp, New York Stock Exchange, Pension Funds, Business News

A law firm that led mortgage bondholders to extract a $8.5 billion settlement from Bank of America Corp is turning its sights on JPMorgan Chase & ...

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Federal Reserve Continues To Push Toward More Transparency

AP | MARTIN CRUTSINGER | Posted 02.11.2012

Read More: Interest Rates, European Debt Crisis, Europe Recession, Video, Moody's Analytics, Bonds, Treasury, Federal Reserve, Financial Crisis, Chairman Alan Greenspan, Ben Bernanke, Mortgage-Backed Securities, Business News

WASHINGTON — The Federal Reserve under Ben Bernanke has gone further than ever to explain its policies to the public. It's ready to go further s...

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Large Bank To Sell Investments Backed By Loans In Default

The Huffington Post | Bonnie Kavoussi | Posted 11.16.2011

Read More: JPMorgan Chase, Savings and Loan Crisis, Video, Wall Street, Default, Loans, Financial Crisis, Mortgage-Backed Securities, Resolution Trust Corporation, Mbs, Loans in Default, Financial News, Business News

JPMorgan Chase is reaching back into the playbook, and the result could help the housing market hit bottom. The newly-minted largest bank in the c...

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Rebuilding Wall Street: The Yoga of Investment Banking

Monika Mitchell | Posted 01.08.2012

Read More: Investment Banking, Bank of America, India Institute of Technology, Monika Mitchell, Wall Street, Bhakti Yoga, Occupy Wall Street, Rasanath Das, Mortgage-Backed Securities, Conversations With Wall Street, Cornell University Business School, Business News

My dear friend Rasanath was revealed as a born-again banker in his new incarnation as Bhakti Yoga monk. RD left the gilded halls of investment banking two weeks before the fall of Lehman in September 2008 to take a vow of poverty and chastity in search of deeper truth.

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'Buy Here Pay Here' Packages, Sells Subprime Auto Loans To Investors

Posted 01.01.2012

Read More: Auto Industry Subprime Backed Securities, Business News, Mortgage Crisis, Auto Loans, Subprime Loan Crisis, Credit Crisis, Video, Mortgage-Backed Securities, Subprime Loans, Auto Industry, Business News

Auto loan financiers are beginning to adopt a practice from the housing industry that many say played a significant role in the meltdown of the housin...

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Report: California AG Subpoenas Bank Of America

Posted 12.20.2011

Read More: Video, California Attorney General, Countrywide Financial, Bank of America, Mortgage Crisis, Business News, Bank-of-America-Toxic-Asset-Sale, Mortgage-Backed Securities, Big Banks, Bank of America Mortgages, California Ag Bank of America, Business News

The California state attorney general's office subpoenaed Bank of America Corp this week regarding the sale and marketing of troubled mortgage-bac...

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