Jan 18, 2017 at 08:46 | Source: Reuters
Deutsche's agreement represents the largest resolution for the conduct of a single entity in misleading investors in residential mortgcage-backed securities, the department said in a statement. The settlement was higher than the USD 7 billion paid by Citigroup to federal and state authorities in 2014.
Dec 23, 2016 at 12:41 | Source: Reuters
Credit Suisse had agreed in principle to pay U.S. authorities USD2.48 billion to settle claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 financial crisis, the Swiss bank said on Friday.
Dec 23, 2016 at 09:23 | Source: Reuters
Deutsche Bank said it would pay USD7.2 billion to the U.S. Department of Justice, related to its issuance and underwriting of residential mortgage-backed securities (RMBS) and other activities during 2005 to 2007.
Nov 06, 2016 at 12:30 | Source: PTI
With creation of a separate class, private sector subscribers can now invest up to 5 per cent of funds in commercial mortgage-based securities or residential mortgaged based securities and units issued by Real Estate Investment Trusts (REITs), and asset backed securities regulated by SEBI.
May 17, 2016 at 11:48 | Source: Reuters
Between 2010 and 2015 Chinese buyers bought USD 93 billion in residential real estate, nearly USD 208 billion of mortgage-backed securities, and roughly USD 17 billion of commercial real estate, including office towers and hotels, according to the report by the Rosen Consulting Group and the Asia Society.
Feb 20, 2016 at 13:14 | Source: CNBC
Fannie Mae's chief executive and its regulator are sounding the alarm on a decline in the institution's capital cushion, which is on course to vanish in 2018, when it would have to ask the US Treasury for emergency funds.
Nov 07, 2014 at 15:26 | Source: CNBC
Residential mortgage-backed securities, or RMBS, were one of the main drivers of the Global Financial Crisis. Investment banks bought housing loans of increasingly questionable quality, packaged them into securities and re-sold them into the market.
Aug 08, 2013 at 09:44 | Source: Reuters
The civil division gave the company a notice in May that it had preliminarily concluded that the firm violated federal securities laws in offerings of subprime and Alt-A residential mortgage securities during 2005 to 2007
Aug 07, 2013 at 10:28 | Source: Reuters
US accuses Bank of America of mortgage-backed securities fraud The US government on Tuesday filed two civil lawsuits against Bank of America for what the Justice Department and securities regulators said was a fraud on investors involving USD 850 million of residential mortgage-backed securities.
Jul 06, 2013 at 13:56 | Source: Reuters
The past six weeks have been humbling for well-known fund managers including Bill Gross of PIMCO, Jeffrey Gundlach of DoubleLine Capital and Ray Dalio of Bridgewater Associates - all victims of a violent sell-off in US Treasuries, mortgage-backed securities or inflation-protected bonds.