Items Tagged with 'pre-crisis'

ARTICLES

  • Barclays to cease trading legacy mortgage bonds

    Will focus on “making markets” in other non-agency mortgage bonds
    Barclays intends to stop trading legacy mortgage bonds, leaving behind a $700 billion market, Bloomberg reported Wednesday. So where is Barclays taking its money? Click through to find out.
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  • It’s official: S&P to pay record-breaking fine for misleading RMBS investors

    Settlement with DOJ resolves claims of inflated pre-crisis ratings
    A credit ratings agency is finally facing the music. As was first rumored in early January, Standard & Poor’s will indeed pay $1.375 billion as part of settlement with the U.S. Department of Justice and nearly 20 states over claims that S&P knowingly misled mortgage bond investors by issuing trumped up ratings for pre-crisis residential mortgage-backed securities.
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  • S&P reportedly close to massive mortgage-bond rating settlement

    WSJ: Department of Justice may get billions
    Standard & Poor’s is reportedly closing in on a $1.37 billion settlement with the U.S. Department of Justice and more than a dozen states over claims that S&P knowingly misled investors by issuing trumped up ratings for pre-crisis residential mortgage-backed securities.
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  • Delinquent mortgages heal 4 years straight

    Delinquencies near pre-crisis levels
    The year 2013 ended up being a successful year for the housing market, recording the fourth consecutive year of significant, sustained improvement in the nation’s inventory of delinquent mortgages.
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