Mortgage Backed Securities

Investors Prefer Mortgage Backing

(Source: The Wall Street Journal BY AL YOON) – U.S. mortgage-backed securities have rocketed ahead of other fixed-income assets this month as the Federal Reserve’s two-year pledge of low interest rates leads portfolio managers to lift their expectations of how [...]


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BofA, Goldman Sachs Find State Mortgage-Securities Cases Hard to Shake

(Source: Bloomberg By Karen Gullo) – Investors suing Bank of America Corp. (BAC) and more than a dozen other underwriters to force the buyback of $6.7 billion in downgraded mortgage securities have defeated efforts by the banks in pretrial skirmishes [...]


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Bringing The Big Banks to Justice, One Mortgage At a Time

FORTUNE (Source: CNNMoney By Abigail Field) – Investors in mortgage-backed securities who got cleaned out during the housing bust aren’t going to take their losses lying down. The first act of investor revolt was organized by Kathy Patrick, a little-known [...]


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U.S. Home Finance in Limbo a Year After Dodd-Frank

(Source: Reuters By Agnes T. Crane) – A year after the Dodd-Frank Act, the $10.5 trillion U.S. mortgage market is still in limbo. One big reason is that the law scarcely touches Fannie Mae, Freddie Mac and the Federal Housing [...]


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Bank of America Pays $8.5 Billion Mortgage Settlement

(Source: yourdailynewsfix) – Bank of America has agreed to pay $8.5 billion to resolve claims that the financial and insurance company sold mortgage-backed securities that are of low-quality before the collapse of the housing market.


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Goldman Among Banks Preparing $3.7 Billion of Mortgage-Backed Securities

(Source: Bloomberg By Sarah Mulholland) – Wall Street banks are marketing about $3.7 billion of bonds tied to property loans, wagering investor demand for the debt will withstand mounting concerns that the U.S. economic recovery is stalling and the European [...]


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Pioneer to Revisit Subprime

(Source: Wall Street Journal By A.D. PRUITT) – Lewis Ranieri, once known as the father of mortgage finance, is daring to revisit the most infamous sector of the mortgage market—subprime lending.


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Mortgage Mess Victim: Sarah Palin?

(Source: NECN: Peter Howe, Salem, Mass.) – In the three years since the U.S. real-estate bubble burst, something we’ve learned is what a mess investment banks and mega-banks made as they took millions of shoddily documented mortgages and sliced and [...]


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Rajadhyaksha Says Home Mortgage Lenders Still Cautious

May 31 (Source: Bloomberg) — Ajay Rajadhyaksha, head of U.S. fixed-income strategy at Barclays Capital, talks about the mortgage-backed securities market and banks’ residential loans. Rajadhyaksha speaks with Lisa Murphy on Bloomberg Television’s “Fast Forward.”


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