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Mortgage Backed Bonds

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, ...

Wall Street's Fatal Defect

Mark Sunshine | Posted 05.25.2011 | Business
Mark Sunshine

According to the Congressional Oversight Panel, many private label mortgage backed bonds have a fatal defect that Wall Street is downplaying: many mortgage backed bonds may not be backed by mortgages.