Top 5 cities where safety is not a question

Top 5 cities where safety is not a question

Number one shouldn't be a shocker

Where's Watt?

FHFA scorecard should be marked tardy

Rentership society? Insider trading on Russian sanctions?

What We're Reading: The Good Friday edition

Items Tagged with 'mortgage-backed securities'


Fannie, Freddie, FHFA settle MBS lawsuit with BofA

Provides aggregate payment of $9 billion by BofA
March 26, 2014
Fannie Mae, Freddie Mac and the Federal Housing Finance Agency reached an agreement with Bank of America to settle claims associated with non-agency mortgage-related securities from 2005 to 2007.
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Report: BofA, Goldman could pay $16 billion over MBS claims

Another two big banks up next to settle with the FHFA?
February 11, 2014
If the way settlements are headed continues, an additional $16 billion in penalties will be paid by banks, including Bank of America and Goldman Sachs over mortgage-backed securities sold to Fannie Mae and Freddie Mac.
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Good heavens! REO-to-rentals trying to turn a profit?

NYT: This new asset class thing is new and therefore scary or something
February 10, 2014
Having just discovered REO-to-rental as an asset class, the New York Times wants you to know it is not really in favor of this concept. Therefore, it's exactly like what caused the financial crisis.
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From HW Magazine

True sale

The bank retreat from mortgage lending is just beginning
January 31, 2014
Recent data from the Mortgage Bankers Association shows the extent of the collapse of new applications for mortgages. The numbers are down 60% annually and reached a 13-year low. However, higher interest rates are not the chief reason for poor mortgage market performance by a long shot.
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NY Court signs off on $8.5B BofA settlement over pooled mortgages

Ends nearly three-year battle
January 31, 2014
After more than two years of legal wrangling, a New York judge signed off on a controversial $8.5 billion settlement between Bank of America and The Bank of New York Mellon over toxic mortgage securities. Investors spent the past two years trying to stop the deal, suggesting it ignored their interests.
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Fed taper continues, acquisition cuts go deeper

FOMC pulls back another $10 billion in monthy purchases
January 29, 2014
The Federal Open Market Committee meeting minutes reveal the Federal Reserve will continue to taper monthly asset purchases, reducing its acquisitions by another $10 billion per month.
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Jefferies Group reaches $25 million MBS settlement

Linked to investigation in 2011
January 28, 2014
Jefferies Group reached agreement with the United States Attorney for the District of Connecticut to pay $25 million to settle an investigation relating to the purchases and sales of mortgage-backed securities that came to light in 2011.
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Ben Bernanke begins his final FOMC meeting

Market awaits news of further tapering
January 28, 2014
Stocks are mostly up and projected to break a five-session skid as investors await the outcome of Fed Chairman Ben Bernanke’s last Federal Open Market Committee meeting.
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Here's what speculators on the American economy say about its future

Focus on FOMC taper decision coming this week
January 27, 2014
There's plenty of chatter about the U.S. economy going into Wednesday's announcement from the Federal Open Market Committee, especially in regard to whether it will continue to taper investments in Treasurys and mortgage-backed securities.
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$4.5 billion JPMorgan settlement hits roadblock

Trustees progress slowly
January 24, 2014
The JPMorgan Chase settlement over mortgage-backed securities hit a snag this week with trustees not moving as quickly as the bank would like.
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