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.
Feb 06, 2013 at 06:42 | Source: Reuters
Barely two weeks after the big subprime lender New Century Financial Corp went bankrupt, a top Standard & Poor's executive assured Congress that her employer could be counted on to sound the alarm for the next credit disaster.
Sep 14, 2012 at 08:07 | Source: CNBC-TV18
The US equity markets rallied as Federal Reserve has maintained its funds rate at 0.0%-0.25% atleast until mid-2015. Fed said it would purchase USD 40 billion in mortgage backed securities every month.
Nov 03, 2011 at 07:45 | Source: Moneycontrol.com
The US markets recovered from their day's lows to close higher with more than 1% gains after FED Chairman Ben Bernanke said that the FED may look to reinvest in mortgage backed securities to provide additional support to the weak housing market.
May 07, 2011 at 11:46 | Source: Reuters
Mortgage finance giant Fannie Mae on Friday said it would ask for an additional USD 8.5 billion from taxpayers as it continues to suffer losses on loans made prior to 2009.
Nov 02, 2010 at 13:19 | Source: Reuters
US securities regulators are investigating whether JPMorgan Chase & Co adequately disclosed that a hedge fund helped to select assets for a USD 1.1 billion package of subprime mortgages, while betting against parts of the deal, investigative journalism website ProPublica said.
Jul 17, 2010 at 10:26 | Source: Reuters
Goldman Sachs put one headache behind it by settling with US securities regulators, but it looks like a tempting deep pocket for banks and hedge funds that bought subprime-backed mortgage securities.