Mortgage Funds Brace for Major Shift – Wall Street Journal
Fannie and Freddie mortgage securities, on the other hand, lost value during the credit crisis in 2008 because there was uncertainty about the extent to which the government, which had chartered the companies but allowed them to operate as for-profit …
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Fannie and Freddie mortgage securities, on the other hand, lost value during the credit crisis in 2008 because there was uncertainty about the extent to which the government, which had chartered the companies but allowed them to operate as for-profit … Go to Source…
A federal regulator said it sent 64 subpoenas to issuers of mortgage-backed securities and other entities in an effort to probe whether the firms misled Fannie Mae and Freddie Mac, two of the biggest investors in … Go to Source…
Two lawmakers, a California Republican and a Michigan Democrat, are set to unveil legislation Thursday to replace mortgage giants Fannie Mae and Freddie Mac with at least five private companies that would issue mortgage-backed securities with explicit … Go to Source…
More than two years after the government seized Fannie Mae and Freddie Mac, the Obama administration will recommend phasing out the housing-finance giants and gradually reducing the government’s footprint in the mortgage market, according to people … Go to Source…
Mortgage giants Fannie Mae and Freddie Mac have been cast as the major villains of the financial crisis, but Michael Hudson reports that Wall Street firms were the prime offenders. Ask many Americans who’s to blame for the nation’s economic mess, and … Go to Source…
LAS VEGAS—The American Securitization Forum returned here after a two-year hiatus for an annual meeting with little of the optimism for a quick turnaround in the market for mortgage-backed securities that had marked previous events. Instead of … Go to Source…
A comparison of the latest deal to a similar security sold by Redwood in 2007 shows just how much the market has changed. The new offering contains very high quality loans and more details about the mortgages underlying the securities and the … Go to Source…
NEW YORK (Dow Jones)–Growing numbers of mortgage-backed securities investors are taking a legal cudgel to banks that sold them souring investments. Citigroup Inc. (C), Wells Fargo & Co. (WFC) and Bank of America Corp. (BAC) are facing multiple lawsuits … Go to Source…
A consumer watchdog group says that Google should donate the “tainted revenue” it received from businesses tied to a recent investigation involving multiple mortgage scams advertised online. The news came after a government agency that … Go to Source…
Details of Project Merlin – the grand bargain between the U.K. banks and the government designed to draw a line under years of banker-bashing – will be released later today. If anyone still had any illusions this will be anything other than a PR stunt … Go to Source…
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