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Mortgage Backed Securities

Ben Hallman

Too Big To Jail: Wall St. Execs Unlikely to Face Criminal Charges, Source Says | Ben Hallman | Posted 09.08.2012 | Business

A last-ditch effort by federal and state law enforcement authorities to hold Wall Street accountable for nearly bringing down the U.S. economy is unli...

Freaky Friday

Barry Zigas | Posted 10.23.2012 | Politics
Barry Zigas

The Administration actually has worked very hard to avoid it in the case of auto companies and other failed financial services companies that got bailed out. But Fannie and Freddie are now working 24/7 for the American taxpayer.

Goldman Execs Win Dismissal Of TARP, Mortgage Lawsuit

Reuters | Posted 10.14.2012 | Business

Aug 14 (Reuters) - Goldman Sachs Group Inc officials won the dismissal of a shareholder lawsuit accusing them of breaching their fiduciary duties by...

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

The Huffington Post | Alexander Eichler | Posted 05.25.2012 | Business

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...

How Financial Criminalization Crashed Economy, Goes Unpunished

Charles Ferguson | Posted 07.22.2012 | Business
Charles Ferguson

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.

Obama's New Mortgage Working Group Is Not Working

Anna Cuevas | Posted 07.03.2012 | Politics
Anna Cuevas

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.

Say Something Already! Obama and Romney's Housing Crisis

Adam Levin | Posted 06.27.2012 | Business
Adam Levin

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.

MetLife Sues Morgan Stanley

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

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...

The Squid Hearts Your House Now

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

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

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

The Huffington Post | Alexander Eichler | Posted 03.16.2012 | Business

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

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 | Business
Janet Tavakoli

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.

Ryan Grim

Wall Street Task Force Faces Major Challenge | Ryan Grim | Posted 02.28.2012 | Politics

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...

U.S. Subpoenas Big Bank In Mortgage Bond Probe

Reuters | Posted 04.25.2012 | Business

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

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

The Huffington Post | Jillian Berman | Posted 02.17.2012 | Business

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

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

The Huffington Post | Alexander Eichler | Posted 02.09.2012 | Business

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...

Goldman Buys Billions Of Dollars Worth Of Mortgage Bonds

Reuters | Posted 04.09.2012 | Business

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

Bond Trader Prosecutions Too Little, Four Years Too Late

Mark Gongloff | Posted 04.02.2012 | Business
Mark Gongloff

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.

BofA Allegedly Modified Home Loans To Keep Complainers Quiet

The Huffington Post | Alexander Eichler | Posted 03.27.2012 | Business

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

Major Bank Faces Big Lawsuit Over Fraud

Reuters | Posted 03.26.2012 | Business

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

Bonnie Kavoussi

Will Another Fed Stimulus Boost The Economy? | Bonnie Kavoussi | Posted 01.05.2012 | Business

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

Firm That Extracted Billions From BofA Sets Its Sights On JPMorgan

Posted 12.16.2011 | Business

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 & Co. ...

Large Bank To Sell Investments Backed By Loans In Default

The Huffington Post | Bonnie Kavoussi | Posted 11.16.2011 | Business

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...

Rebuilding Wall Street: The Yoga of Investment Banking

Monika Mitchell | Posted 01.08.2012 | Business
Monika Mitchell

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.

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

Posted 01.01.2012 | Business

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...

Report: California AG Subpoenas Bank Of America

Posted 12.20.2011 | Business

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