Items Tagged with 'Morgan Stanley Capital'


  • Stop Blaming Banks for All Your Troubles

    HousingWire is kicking around the idea of doing a July feature on the global history of bank bailouts… Japan's lost decade and the like. The view, though the idea is still on the drawing board, is to see if the Obama approach to bank bailouts will create a model of rescue going forward. The idea is still being researched. In the meantime, cases are being brought against banks left and right in the United States. Having just moved from the UK, this behavior feels relatively new, though not unexpected given the landscape of the crises here.
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  • Lawsuit Links Bad Underwriting, Investor Loss at IndyMac

    A class-action lawsuit alleges IndyMac Federal Bank failed to meet its own underwriting guidelines on certain securitized mortgage loans. The suit points toward substantially higher rates of delinquencies and foreclosures on collateral for these highly-rated debt issues. As a result of the collateral's poorer-than-estimated performance, the complaint says, underwriter rating agencies had to downgrade a number of pass-through certificates, forcing a substantial decline in their value and loss to investors who purchased the certificates.
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