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Securitization

The Looming Foreclosure Crisis: As the Fed Runs Out of Bullets, Local Governments Step In

Ellen Brown | Posted 09.07.2014 | Business
Ellen Brown

Mortgage debt overhang from the housing bust has meant lack of middle-class spending power and consumer demand, preventing the economy from growing.

A Foreclosure Film in the Making Awaits Final Scene

Joel Sucher | Posted 08.24.2012 | Politics
Joel Sucher

What do an insurance agent in Tennessee, a homemaker in Ohio, a private investigator from Wisconsin and a helicopter stunt pilot in Hollywood have in common?

Ryan Grim

Wall Street Task Force Faces Major Challenge

HuffingtonPost.com | 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...

The Lost Profession of Banking

John Fullerton | Posted 11.29.2011 | Business
John Fullerton

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.

How Obama Can Fix the Housing Market and the Economy

John R. Talbott | Posted 08.26.2011 | Business
John R. Talbott

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.

Foreclosure Sale -- Buyer Beware!

Richard Gaudreau | Posted 05.25.2011 | Business
Richard Gaudreau

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

Concerns Over 'Crap' Securitization Deals On Wall Street

Bloomberg | Jody Shenn | Posted 05.25.2011 | Business

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...

County Register of Deeds Picks Fight with MERS

Richard Zombeck | Posted 05.25.2011 | Business
Richard Zombeck

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.

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

Lawrence G. McDonald | Posted 05.25.2011 | Business
Lawrence G. McDonald

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.

To Nationalize or Bail Out?

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

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

Homeowners: The Courtroom is Your Battlefield

Iris Martin | Posted 05.25.2011 | Politics
Iris Martin

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.

Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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

Shahien Nasiripour

New Proof Wall Street Knew Its Mortgage Securities Were Bad

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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,...

Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 09.22.2009 | Business

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

The Definitive Case Against Privatizing Social Security

Warren Mosler | Posted 05.25.2011 | Politics
Warren Mosler

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.

Shahien Nasiripour

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 | Business

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

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

Posted 05.25.2011 | Books

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., $...

Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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

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

nytimes.com | Paul Krugman | Posted 05.25.2011 | Business

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...

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

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

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

Shahien Nasiripour

How Securitization Encouraged Bad Loans

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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...

Homeowners: The War Games Have Begun

Iris Martin | Posted 05.25.2011 | Business
Iris Martin

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.

Returning to the Scene of the Crime

Andrew Reinbach | Posted 05.25.2011 | Business
Andrew Reinbach

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

Transforming Homeowner Violence Into A Mortgage War Plan

Iris Martin | Posted 05.25.2011 | Business
Iris Martin

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.

Krugman is Wrong

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business
Hale

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.