Mortgage Securities

Feds Sue BofA, JPMorgan, Others Over Toxic Mortgage Bonds

AP | Posted 05.22.2012

Read More: Federal Deposit Insurance Corp., Fdic, Mortgage Securities, Bank of America, Mortgage Crisis, Royal Bank of Scotland, Hsbc, Deutsche Bank, Ubs, JPMorgan Chase, Video, Credit Suisse, Strategic Capital Bank, Citizens National Bank, Fdic Sues, Ap, Citigroup, Business News

WASHINGTON (AP) — The government has sued several big banks over toxic mortgage securities they issued that were bought by two small Illinois banks ...

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S&P Facing Justice Department Probe Over Improper Mortgage Ratings

AP | Posted 10.18.2011

Read More: Video, Ratings Agency, u.s. Downgrade, Mortgage-Abuses, Mortgage Securities, Standard and Poors, Business News, Mortgage Crisis, Standard & Poor's, Financial Crisis, Business, Standard and Poors Investigiation, U.S. Justice Department, Business News

WASHINGTON -- The Justice Department is investigating whether the Standard & Poor's credit ratings agency improperly rated dozens of mortgage securiti...

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Justice Department Investigating S&P's Mortgage Ratings

New York Times | LOUISE STORY | Posted 10.18.2011

Read More: Mortgage Securities, Financial Crisis, Mortgage Bonds, Fitch, Justice Department, U.S. Credit Downgrade, AAA Rating, McGraw-Hill Companies, Standard & Poor?S, Moody's, Business News

The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage...

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Justice Department Investigating S&P Over Mortgage Ratings

www.nytimes.com | LOUISE STORY | Posted 10.17.2011

Read More: Standard and Poors, Standard and Poor's Downgrade, Standard and Poors Investigation, Mortgage Securities, Business News

The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage...

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BofA Close To Record Settlement Over Mortgage-Securities

Posted 08.28.2011

Read More: Bank Regulation, J.P. Morgan Chase & Co., Settlement, BlackRock Inc., Mortgage Crisis, Mortgage Fraud, Bank of America, Countrywide Financial Corp., High-Profile Investors, Federal Reserve Bank of New York, Mortgage-Securities, Wall Street Journal, Wells Fargo & Co, Housing Crisis, Business News

UPDATE: Bank of America Corp settled nearly all of the claims related to the legacy Countrywide-issued first-lien residential mortgage-backed sec...

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Shahien Nasiripour

Official: Bank Of America 'Significantly Hindered' Federal Investigation

HuffingtonPost.com | Shahien Nasiripour | Posted 08.13.2011

Read More: Mortgage Investigation, HUD IG, Inspector General, Hud Inspector General, State Attorneys General, Mortgage Securities, Bank of America, Bank of America Mortgage, Bank of America Foreclosures, Foreclosure Investigation, Video, Business News

NEW YORK -- Bank of America, the largest U.S. bank by assets, "significantly hindered" a federal investigation into the firm's faulty foreclosure prac...

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Shahien Nasiripour

Bank Of America Faces New Probe; New York Attorney General Launches Investigation Into Mortgage Securitization

HuffingtonPost.com | Shahien Nasiripour | Posted 08.12.2011

Read More: Mortgage Investigation, Bank of America Eric Schneiderman, State Attorneys General, Eric Schneiderman, Mortgage Securities, Bank of America, Sheila Bair, New York Attorney General, Foreclosure Investigation, Business News

New York Attorney General Eric Schneiderman has targeted Bank of America, the biggest U.S. bank by assets, in a new probe that questions the validity ...

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NY AG Investigating Big Banks' Mortgage Operations

Posted 07.17.2011

Read More: Morgan Stanley, Bank of America, Goldman Sachs, Eric Schneiderman, Wells Fargo, Mortgage Securities, Ny Attorney General, Toxic Assets, Big Banks, Business News

New York Attorney General Eric Schneiderman is investigating big banks like Bank of America Corp, Morgan Stanley and Goldman Sachs related to pack...

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Lehman Brothers Tricked Clients With 'Goat Poo' Assets, Lawsuit Says

Posted 05.25.2011

Read More: JPMorgan Chase, Racers, Lehman Bankruptcy, Lehman Brothers, Mortgage Securities, Lehman Brothers Lawsuits, Toxic Assets, Barclays, Books News

NEW YORK (By Caroline Humer) - Lehman Brothers and Barclays deceived JPMorgan Chase & Co with bad assets that the failed investment bank's own employ...

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JPMorgan Accused of Fraudulently Selling Securities

The Huffington Post | William Alden | Posted 05.25.2011

Read More: Fraud, JPMorgan Chase, Housing Market, Mortgage Securities, Economic Crisis, Mortgage Crisis, Allstate, Business News, Bear Stearns, Real Estate, Ambac, Video, Business News

JPMorgan Chase is being sued by Allstate insurance company for fraud, in the latest example of a big bank being accused of knowingly selling a poor-qu...

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Lawsuit Suggests Banks May Have Improperly Cashed In On Bad Loans

The Huffington Post | William Alden | Posted 05.25.2011

Read More: JPMorgan Chase, Foreclosure Crisis, Housing Market, Real Estate Crash, Default, Mortgage Securities, Economic Crisis, Business News, Bear Stearns, Delinquent, Business News

Before the real estate crash decimated investor wealth and precipitated a punishing foreclosure crisis, several banks may have improperly pocketed com...

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CHART: How Banks Bought Their Own Mortgage Securities During The Boom

Posted 05.25.2011

Read More: Merrill Lynch, Cdos, Foreclosure Crisis, Mortgage Securities, Mortgage Crisis, Banks CDOs, Mortgage Rates, Propublica, Collateralized Debt Obligations, Citigroup, Infographic, Business News

If you're in the market for a detailed, if byzantine, explanation of how banks ended up repackaging and buying their own own securities during the hou...

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Complicated Chart Shows Who Owns Mortgage (CHART)

Posted 05.25.2011

Read More: Foreclosure, Mortgage, Ridiculously Complicated Chart, Mortgage Securities, Business News

We all know the mortgage securitization process is complicated. But just how complicated? This chart from Zero Hedge shows the convoluted journey a m...

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Why Dodd-Frank Won't Help Investors Decipher Big Bank Results

Bloomberg | Bradley Keoun | Posted 05.25.2011

Read More: Standard, Goldman Sachs, JP Morgan, Wall Street, Mortgage Securities, Bank of America, Wall Street Banks, Trading, Dodd Financial Reform Bill, Investors, Dodd-Frank Bill, Business News

The Dodd-Frank Act, designed to prevent future financial crises, does little to improve investors' ability to analyze results at the five biggest U.S....

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Did Deutsche Bank Use Goldman Sachs-Style Securities To Trade Against Clients?

Huffington Post | Ryan McCarthy | Posted 05.25.2011

Read More: Deutsche Bank, Goldman Sachs, Wall Street, Goldman Sachs Fraud, Mortgage Securities, Abacus, Fiduciary, Business News

Was Deutsche Bank guilty of Goldman Sachs-style conflicts of interest during the mortgage boom? That's the question posed by a Wall Street Journal...

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Goldman Sachs Settlement: A Reader's Outrage

Iris Mack | Posted 05.25.2011

Read More: Corruption, Sec, Guilt, Investment Banks, Bank Holding Company, Mortgage Securities, Home Mortgages, Lawsuits, Hedge Fund, Jury, Brokers, Unethical, Fraud, Goldman Sachs, Judge, Illegal, Synthetic CDOs, Abacus, Civil Fraud, Settlement, Investment Securities, Housing Prices, Investor, Financial System, Securities and Exchange Commission, John Paulson, Business News
Iris Mack

Seems almost everyone I talk to these days is very outraged over the corruption in the financial system.

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Shahien Nasiripour

FCIC Testimony: Credit Rating Agency Execs Say They Couldn't Say No To Wall Street, Buffett Testifies

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: AAA Ratings, Fitch Ratings, Eric Kolchinsky, FCIC Testimony, Financial Crisis Inquiry Commission, Mortgage Securities, S, Raymond McDaniel, Mortgage Crisis, Credit Rating Agencies, Warren Buffett, Fcic, Phil Angelides, Video, Business News

UPDATE: 5:45 PM - Moody's Former Execs: Firm Lusted After Profits More former top executives at Moody's Investors Service testified Wednesday that a ...

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Clients Worried About Goldman's Dueling Goals

New York Times | Posted 05.25.2011

Read More: Bank Regulation, Lloyd Blankfein, Bank Reform, Goldman Lobbying, Goldman Sachs, Washington Mutual, Wall Street Reform, Goldman, Goldman Fraud, Mortgage Securities, Short Selling, Megabanks, Goldman Reform, Business News

As the housing crisis mounted in early 2007, Goldman Sachs was busy selling risky, mortgage-related securities issued by its longtime client, Washingt...

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Morgan Stanley Investigation: Fed Looking Into Firm's Mortgage Deals

AP | STEPHEN BERNARD and STEVENSON JACOBS | Posted 05.25.2011

Read More: Fraud, Cdos, Mortgages, Morgan Stanley Investigation, Morgan Stanley, Wall Street, Mortgage Securities, Banks, Collateralized Debt Obligations, Business News

NEW YORK — Fears of a growing investigation of Wall Street banks sent Morgan Stanley's stock falling Wednesday even as the company said it knew ...

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