Items Tagged with 'Lehman Brothers'


  • Fourth securitization of proprietary reverse mortgages is completely paid off

    In a solid sign of a promising market, investors pocket their principal and interest in full
    A securitized pool of proprietary reverse mortgages paid off completely last week, becoming the fourth pool to close out. New View Advisors said the successful conclusion of another Lehman Brothers' pool is welcome news for those investing in today's proprietary reverse market, which has ramped up in the last year after a long hiatus.
    Read More
  • RMBS trustees accept $2.4 billion toxic mortgage settlement from Lehman Brothers

    BlackRock, Goldman Sachs among institutional investors in settlement
    The trustees in a series of residential mortgage-backed securities trusts reached a settlement with the remains of Lehman Brothers Holdings that could be worth more than $2.4 billion over claims that the trust contained toxic mortgages. Also taking part in the settlement are 14 institutional investors, including: BlackRock Financial Management, the Federal Home Loan Bank of Atlanta, and Goldman Sachs Asset Management.
    Read More
  • Federal Home Loan Bank of New York will pay $70 million to Lehman Bros. in settlement

    Lehman claimed that FHLBNY undervalued interest rate swaps when firm collapsed
    The Federal Home Loan Bank of New York agreed to pay $70 million to the bankruptcy estate of Lehman Brothers to settle charges that the bank undervalued interest rate swaps it held with Lehman as the company collapsed in 2008. Here are the details on the settlement.
    Read More
  • JPMorgan Chase to pay nearly $800 million in final Lehman Brothers settlement

    Pushes total settlement costs well above $2 billion
    JPMorgan Chase disclosed Wednesday that it reached a final settlement agreement with Lehman Brothers, ending the failed investment bank’s lawsuit over claims that JPMorgan illegally siphoned billions of dollars from Lehman before its collapse. JPMorgan Chase’s final settlement payout checks in at well above $2 billion.
    Read More
  • Senator Warren calls DOJ's financial crisis response an "abysmal failure"

    Wants to know why executives got off "scot-free"
    Thursday, Sept. 15, 2016 marked the eight-year anniversary of Lehman Brothers declaring bankruptcy, sending shockwaves through the economy and sending the U.S. into a recession. Sen. Elizabeth Warren, D-Mass., used the anniversary of the “failure of the fourth-largest U.S. investment bank” to loudly question again why individuals were not held responsible for the conduct that led to the financial crisis, and this time she did it armed with some disconcerting new information.
    Read More
  • Bernanke: Execs should have gone to jail for Great Recession

    Memoir says he regrets few were held criminally liable
    Former Fed Chair Ben Bernanke has a lot of regrets about the Great Recession, everything from thinking more executives should have done time for doing the crime, to the belief that he didn't do enough to sell Americans on why Wall Street needed tens of billions in bailout.
    Read More
  • Former Lehman CEO Dick Fuld breaks auction record with ranch sale

    Sets new record for most expensive property sold via auction
    The sale of a luxury ranch owned by former Lehman Brothers CEO Dick Fuld just set a new record for the most expensive property ever sold via auction. The ranch was expected to fetch $30 million and $50 million, but how much did it actually sell for?
    Read More
  • SEC, U.S. Attorney charge three former Nomura RMBS traders with fraud

    Allegedly repeatedly lied to customers, trained junior traders to do the same
    The Securities and Exchange Commission and the U.S. Attorney’s Office for the District of Connecticut are charging three former Nomura Securities International residential mortgage-backed securities traders with fraud, accusing the trio of “repeatedly lying” to customers about the pricing information of mortgage bonds and defrauding customers of millions of dollars.
    Read More
  • Lehman Brothers suing over crisis-era toxic mortgages

    Asks judge to cancel claims by Syncora Holdings and U.S. Bancorp
    Lehman Brothers Holdings filed suit against Syncora Holdings, U.S. Bancorp and GreenPoint Mortgage Funding in an effort to try to get “duplicate” claims filed by those three companies against Lehman Brothers thrown out because Lehman Brothers is ready to settle and move on.
    Read More