Securitization

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...

Read Whole Story

The Lost Profession of Banking

John Fullerton | Posted 11.29.2011

Read More: Securitization, Infrastructure Bank, JP Morgan, Securities, Public-Banking, Business Climate Conference, Derivatives, Too Big to Fail Banks, Too Big to Fail, Merrill Lynch Bank of America, Banking, Bank of America, Leverage, Bank of North Dakota, Public-Purpose, Business News

The time has come for an intelligent, independently-governed, public infrastructure bank, ideally partnering with real banks that see their public purpose as a profession, focused on productive lending in the real economy.

Read Post

How Obama Can Fix the Housing Market and the Economy

John R. Talbott | Posted 08.26.2011

Read More: Securitization, Mortgage Crisis, Elections 2012, U.S. Economy, Housing Market, Barack Obama, Business News

If Obama doesn't do something to address the debt problems homeowners and the financial system face, the housing market will lie dormant for years, the economy will crawl along and Obama himself may join the ranks of the unemployed in 2012.

Read Post

Foreclosure Sale -- Buyer Beware!

Richard Gaudreau | Posted 05.25.2011

Read More: Securitization, Securitized, Sec, Ibanez, Mers, Foreclosure, Bankruptcy, Economy, Business News

Buyers of property at foreclosure are looking for a bargain, but that risk now must include the possibility that the title will be defective.

Read Post

Concerns Over 'Crap' Securitization Deals On Wall Street

Bloomberg | Jody Shenn | Posted 05.25.2011

Read More: Securitization, S, Business News

he quality of commercial mortgages being packaged into bonds is declining as sales in that market soar, a Standard & Poor's analyst said at a securiti...

Read Whole Story

County Register of Deeds Picks Fight with MERS

Richard Zombeck | Posted 05.25.2011

Read More: Securitization, Essex County, Salem, Mortgage Crisis, John O'Brien, Mers, Foreclosure, Mortgage-Backed Securities, Massachusetts, Martha Coakley, Business News

Assuming an average of 500 mortgages per week, this year alone, Southern Essex County has lost a potential $1.95 million in recording fees because of the MERS system of "avoiding" recording assignments.

Read Post

It's Securitization Stupid: One Big Fix Needed in our Banking System

Lawrence G. McDonald | Posted 05.25.2011

Read More: Quantitative Easing, Securitization, Lehman Brothers, Subprime Mortgage Crisis, Dodd-Frank Bill, Business News

The worst point I see in the Dodd Frank Financial Reform implementation process is that securitization is on the back burner -- I mean the left field or Siberian-type of back burner.

Read Post

To Nationalize or Bail Out?

Ellen Brown | Posted 05.25.2011

Read More: Securitization, State-Owned Banks, Nationalization, Banking Reform Bill, TARP II, Foreclosuregate, Banking Crisis, Obama, Bank of North Dakota, Business News

For two years, politicians have danced around the nationalization issue, but ForeclosureGate may be the last straw. The megabanks are too big to fail...

Read Post

Homeowners: The Courtroom is Your Battlefield

Iris Martin | Posted 05.25.2011

Read More: Attorneys, Securitized-Mortgages, Securitization, Mortgage War, Foreclosure, Barack Obama, Mortgage Crisis, Politics News

The opportunity for a complete transformation of the global financial services industry is upon us. And the halting of recent foreclosures due to sloppy paperwork is just the tip of the iceberg.

Read Post

Pandering To Clients, Firm Distances Itself From Wall Street Whistleblower's Testimony

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Keith Johnson, The Financial Fix, Financial Crisis Inquiry Commission, Mortgage Crisis, Bank of America, Fcic, Fitch Ratings, Securitization, Deutsche Bank, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Freddie Mac, Wall Street, Subprime Mortgage Crisis, Clayton-Holdings, Guy Cecala, Business News, Financial Crisis, Global Financial Crisis, Phil Angelides, Clayton Holdings, Citigroup, Video, Business News

When the former president and chief operating officer of Wall Street's foremost mortgage-loan due diligence firm testified under oath before a federal...

Read Whole Story

New Proof Wall Street Knew Its Mortgage Securities Were Bad

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

During a little-noticed hearing this week in Sacramento, Calif., a firm hired by Wall Street to analyze mortgages given to borrowers with poor credit,...

Read Whole Story

Who's Got The Mortgage? "Produce The Note" Movement Helps Stall Foreclosures

HuffingtonPost.com | Shahien Nasiripour | Posted 09.22.2009

Read More: Securitization, Mortgages, Show Me the Note, Produce the Note, Judges, Marcy Kaptur, Mortgage Crisis, Financial Crisis, Foreclosure, Homeowners, Mortgage Note, Brad Miller, Business News

Modern-day home mortgages have been so sliced and diced by rapacious financiers that some homeowners are successfully delaying -- or even blocking -- ...

Read Whole Story

The Definitive Case Against Privatizing Social Security

Warren Mosler | Posted 05.25.2011

Read More: Steve Moore, Securitization, Social Security, Pete Peterson, Defict Terrorist, Cato, The 7 Deadly Innocent Frauds of Economic Policy, Politics News

With the current Social Security program you give the government your dollars now, and it gives you back dollars later. That is exactly what happens when you buy a government bond.

Read Post

Citi 'Negative' On Subprime Mortgages As Early As 2006, Yet Firm Continued To Pump Out Subprime Mortgage Products (VIDEO)

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

A top Citigroup official testified Wednesday that the firm was reducing its risk to subprime mortgage products as early as 2006, fully expecting housi...

Read Whole Story

Michael Lewis's 'The Big Short' Gets Up Close And Personal With Perpetrators Of Financial Catastrophe

Posted 05.25.2011

Read More: Wall Street, Cdos, The Big Short, Derivatives, Michael Lewis, Books, New York Review of Books, Securitization, Michael Lewis the Big Short, Bestsellers, Financial Crisis, Books News

Jeff Madrick The New York Review of Books At the Heart of the Crash "The Big Short: Inside the Doomsday Machine" by Michael Lewis Norton, 266 pp., $...

Read Whole Story

Paul Krugman: Fed Returning To "Status Quo Circa 2007"

nytimes.com | Paul Krugman | Posted 05.25.2011

Read More: Securitization, Debt, Banking, Banks, Paul Krugman, Talkf, Shadow Banking, Business News

This article on the continued troubles in credit markets was informative. But it raised a puzzle. Call me naive, but why does Fed policy seem to assum...

Read Whole Story

We Don't Need a New Version of the Glass-Steagall Act

Georges Ugeux | Posted 05.25.2011

Read More: Securitization, Credit Derivatives, Capital Markets, Equity Positions, Derivatives, Restructuring, Fixed Income, Federal Reserve, Banking Sector, Glass-Steagall, Business News

I tend to believe that the Glass-Steagall approach, an institutional way to address the question, overlooks the importance of a market response.

Read Post

Securitization Is Back! Investor-Owned Mortgages Have High Re-Default Rates, Says Report

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

The securitization of mortgage loans has been blamed for helping cause the financial crisis -- and now it seems to be complicating recovery efforts. ...

Read Whole Story

How Securitization Encouraged Bad Loans

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Underwriting Standards, Securitization, Joint Forum, Bad Loans, Video, Business News

Knowing that the loans they made were about to be bundled, sliced up, and sold off made lenders more likely to relax their underwriting standards, acc...

Read Whole Story

Homeowners: The War Games Have Begun

Iris Martin | Posted 05.25.2011

Now it's time for the predatory lenders, brokers and foreclosure consultants to sweat. Here is the skinny on what to do and not do in your own mortgage war.

Read Post

Returning to the Scene of the Crime

Andrew Reinbach | Posted 05.25.2011

Read More: Securitization, Bond Market, Wall Street, Investment Bankers, Financial System, Larry Summers, Financial Crisis, Ben Bernanke, Timothy Geithner, Mortgage-Backed Securities, Systemic Risk, Sub-Prime Mortgages, Financial Regulation, Business News

We can expect a new wave of mortgage-backed bond defaults to hit the headlines any day now.

Read Post

Transforming Homeowner Violence Into A Mortgage War Plan

Iris Martin | Posted 05.25.2011

Read More: House, Securitization, Mortgages, Depression, Mortgage Lenders, Author, Transformation, Adjustable-Rate Mortgages, Mortgage Crisis, Foreclosure, Homeowners, Psychology, Iris Martin, Mortgage Wars, Mortgage Payments, Housing Crisis, Business News

Homeowners suffering from payment shock and foreclosure syndrome are not getting the psychological help they need to survive escalating vicious attacks by their lenders If payment shock and foreclosure syndrome is not treated as the national epidemic that it is, affecting over sixteen million homeowners, homeowner violence will increase, as will homeowner suicide. Toxic lenders and their cohorts, government cronies, co-conspirators and attorneys need to be punished -- in a court of law, not on the front lawn.

Read Post

Krugman is Wrong

Hale "Bonddad" Stewart | Posted 05.25.2011

Read More: Economy, Securitization, Financial Crisis, Paul Krugman, Mortgage Securitization, Business News

Dr. Krugman's analysis is wrong. Securitization has provided many benefits to the economy as a whole -- it is not the sole problem with the current situation.

Read Post

Fallout From the Housing Crisis

Jim Randel | Posted 05.25.2011

Read More: Securitization, United States Financial System, Edward E. Yardeni, Student Loans, Investment Banks, Lenders, Commercial Mortgages, Business News

The US financial system sold the world's investors mortgage securities that were founded on faulty assumptions that a) U.S. homeowners will never default, and b) that U.S. housing prices always go up.

Read Post