Items Tagged with 'Credit Suisse'


FDIC wins $190M settlement for toxic Countrywide mortgage bonds

Settlement stems from failure of five banks
The ghosts of Countrywide past just struck again, as the Federal Deposit Insurance Corporation announced Thursday that eight major financial institutions will pay $190 million total to settle a series of lawsuits tied to toxic Countrywide mortgage bonds that subsequently led to the failure of five banks during the housing crisis.
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Credit Suisse becomes latest to settle with NCUA over credit union RMBS losses

Bank will pay $29 million to failed credit unions
The NCUA said that this settlement with Credit Suisse is only for the Members United and Southwest corporate credit unions, and stated that it still has litigation pending in federal court in Kansas against Credit Suisse for sales of faulty residential mortgage-backed securities to U.S. Central and other corporate credit unions.
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Here's the current status of the top three housing markets

Inventory shortages continue to damper housing
Although the buyer traffic index did improve, it is still below agent expectations as persistent issues with short supplies of quality inventory and buyer resistance to higher prices remain significant concerns. This is the latest update on the top markets in the nation based on single-family building permits.
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Here’s how the top three housing markets are ending summer

Inventory, affordability block growth
According to real estate agents, an insufficient supply of affordable inventory in desirable locations is blocking the housing market from growing, which comes on top of August being a seasonally slow month. Here’s how it is impacting the top three housing markets.
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Credit Suisse planning 2015’s second jumbo RMBS

$381.59 million offering receives AAA ratings
Credit Suisse is set to bring the year’s second prime, jumbo residential mortgage-backed securitization to market. The $381.59 million offering was assigned mostly AAA ratings by credit ratings agency DBRS.
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