Articles About mortgage backed securities
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April 23, 2013S&P Fraud Trial: Is the DOJ Looking for a Scapegoat?
Since the financial crisis, the Justice Department has attempted to prove that S&P’s mortgage-backed securities ratings were fraudulent...
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April 11, 2013Federal Reserve Balance Sheet Refreshes Record Size
The size of the Federal Reserve's balance sheet has remained over $3 trillion for 12 consecutive weeks, fueled by record asset purchases...
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April 03, 2013JPMorgan Lucks Out With This Dismissal
JPMorgan Chase won a dismissal of nearly all of a lawsuit brought by the Belgian-French bank Dexia SA that accused the bank of misleading it...
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February 29, 2012Wells Fargo, Goldman Sachs in the Lion’s Den
The Securities and Exchange Commission has indicated that a four-year-long investigation into the mortgage-backed securities imbroglio may be coming to a head...
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February 29, 2012These Banks are in Trouble with the SEC
Wells Fargo is just one in a handful of banks that have received notices that the SEC may recommend the government take legal action against them for mortgage-backed securities practices...
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February 03, 2012Crime Notes: NY Sues Major Banks Over Mortgage Registry, Goldman Faces Class Action
NY AG Eric Schneiderman takes on major banks, while Goldman Sachs has been ordered by a federal judge to face a securities class-action lawsuit...
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January 30, 2012Is Freddie Betting Against Homeowners?
A probe of Freddie Mac revealed that the mortgage insurance giant has situated itself to benefit from banks stonewalling their customers, and has taken steps to make it more difficult for those locked in high-interest mortgages to refinance to lower rates...
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January 25, 2012Fed Extends Record-Low Interest Rates Through Late 2014
The Federal Reserve announced on Wednesday that it will not increase its benchmark interest rate until at least late 2014, saying that record-low rates are still needed to help boots the still sluggish economy...
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January 10, 2012Fed’s Growing Balance Sheet Generates $76.9B for Treasury
The Federal Reserve said Tuesday that it transferred $76.9 billion in profits to the U.S. Department of the Treasury last year, the second-highest amount in the central bank's history...
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September 02, 2011
Sued: Bank of America, Citigroup, and JPMorgan Face Mortgage Securities Fraud
Bank of America, Citigroup, JPMorgan, and Barclays have all been named in suits filed today by the Federal Housing Finance Agency over residential mortgage-backed securities...
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September 02, 2011The FHFA is Targeting These Big Banks for Mortgage Fraud
Over a dozen major U.S. banks are expected to be named in a Federal Housing Finance Agency lawsuit arguing that they misrepresented the quality of mortgage securities they packaged and sold leading up to the housing market collapse...
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August 30, 2011FDIC: Bank of America Mortgage Bond Settlement is Not Good Enough
Though the settlement was negotiated with a group of institutional investors, it would apply to investors outside that group, and has been met by their opposition as well as that of New York Attorney General Eric Schneiderman and now the FDIC...
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August 12, 2011
Big Banks Balk at These Foreclosure Settlement Terms
Settlements discussions that could have the nation's biggest banks paying as much as $25 billion in fines are in jeopardy, with just a few banks holding out against some of the key terms put forth by state attorneys general and federal regulators...
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August 05, 2011Banks Still Can’t Escape These Heavy Legal Pressures
Financials still smothered by federal and state prosecutors...
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June 28, 2011The Fed’s Economic Stimulus Plan You Didn’t Know About
The Fed plans to buy $300 million more in treasuries in addition to the $600 million purchased as part of QE2...
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