Posts belonging to Category Commercial Mortgage Backed Securities
Posted by Page PerryonFebruary 23, 2011
First it was Florida and the Southwest watching their housing prices plummet, now Seattle, Atlanta and Minneapolis have followed suit. The ongoing correction has yet to end as the housing market goes into a double-dip cycle. Mortgage applications are at a 15-year low. These developments do not bode well for the rest of the winter […]
Categories: Asset Backed Securities, CDOs, Commercial Mortgage Backed Securities, Derivatives, Economy, Investment Advisers, Market Developments, Mortgage Backed Securities, Mortgage Securities & Collateralized Debt Obligation Problems, Private Investments/Reg D, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Tenant-in-Common Interests
Posted by Page PerryonFebruary 19, 2011
Real estate prices across the country are dropping even further according to the S&P/Case-Shiller Index. As reported on CNNMoney.com by staff writer Les Christie, recent results show prices in all 20 key cities dropped 1.3% for an annualized decline of 15%. Six markets reached their lowest price levels since the beginning of the bust in […]
Categories: Brokerage Firms, CDOs, Commercial Mortgage Backed Securities, Derivatives, Economy, Investment Advisers, Market Developments, Mortgage Backed Securities, Mortgage Securities & Collateralized Debt Obligation Problems, Private Investments/Reg D, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Tenant-in-Common Interests
Posted by Page PerryonFebruary 1, 2011
A public hearing was scheduled by New York state lawmakers to “gather information on whether certain banks intentionally defrauded bond insurers about the creditworthiness of subprime mortgage-backed securities,” according to the Wall Street Journal. Joseph Morelle, who is the chairman of the New York State Assembly, said that he doesn’t “want to get ahead of […]
Categories: Bank of America, Brokerage Firms, CDOs, Citigroup/Smith Barney, Commercial Mortgage Backed Securities, Common Securities Broker Abuses, Derivatives, J. P. Morgan Chase, Market Developments, Merrill Lynch, Mortgage Backed Securities, Mortgage Securities & Collateralized Debt Obligation Problems, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonJanuary 27, 2011
The biggest lender in the United States, Bank of America Corp., may have to book a charge totaling $8.5 billion in costs stemming from disputes over faulty mortgages and mortgages securities, according to a Bloomberg.com article written by Hugh Son. The company may take the charge in the fourth quarter of this year and the […]
Categories: Asset Backed Securities, Bank of America, Brokerage Firms, Commercial Mortgage Backed Securities, Merrill Lynch, Mortgage Backed Securities, Mortgage Securities & Collateralized Debt Obligation Problems, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonJanuary 18, 2011
Bank of America has agreed to pay $2.6 billion to settle charges that Countrywide (which BofA acquired) made material misrepresentations about home loans it sold to Fannie Mae and Freddie Mac, according to articles in the New York Times by Gretchen Morgenson (“$2.6 Billion to Cover Bad Loans: It’s a Start”) and Bloomberg.com by Steve […]
Categories: Bank of America, Brokerage Firms, CDOs, Citigroup/Smith Barney, Commercial Mortgage Backed Securities, Common Securities Broker Abuses, Credit Suisse, Derivatives, Deutsche Bank, Goldman Sachs, J. P. Morgan Chase, Market Developments, Merrill Lynch, Morgan Stanley, Mortgage Backed Securities, Mortgage Securities & Collateralized Debt Obligation Problems, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, SunTrust, UBS, Wells Fargo
Posted by Page PerryonJanuary 11, 2011
The future of MBIA, the monoline insurer of mortgage-backed securities and municipal bonds, among other things, is in peril and likely dependent on the outcome of litigation, according to Floyd Norris in his Jan. 6 New York Times article, “MBIA Fights Banks for Its Life.” Standard & Poors reportedly downgraded MBIA to junk status and […]
Categories: Asset Backed Securities, Brokerage Firms, Commercial Mortgage Backed Securities, Derivatives, Market Developments, Mortgage Backed Securities, Mortgage Securities & Collateralized Debt Obligation Problems, Municipal Bonds, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonDecember 3, 2010
Real Estate Mortgage Investment Conduits, or Remics, are complex mortgage-backed securities that were pitched to investors as providing favorable tax treatment on the income generated by the underlying loans. Instead, they have generated large losses for big investors during the economic crisis. But gaps and defects in the complex paper trail have provided a potential […]
Categories: Asset Backed Securities, Bank of America, Brokerage Firms, Commercial Mortgage Backed Securities, Common Securities Broker Abuses, Derivatives, Mortgage Backed Securities, Mortgage Securities & Collateralized Debt Obligation Problems, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonOctober 27, 2010
Amid rising losses in mortgage-backed securities, institutional investors in mortgage securities are teaming up to recover their losses, according to Ruth Simon’s Wall Street Journal article, “Mortgage Losses Build Team Spirit.” Investigations by state regulators into the “mortgage mess” and growing awareness of their fiduciary duties to shareholders and retail investors is spurring the spike […]
Categories: Bonds, Brokerage Firms, CDOs, Commercial Mortgage Backed Securities, Common Securities Broker Abuses, Credit Default Swaps, Derivatives, Investment Advisers, Mortgage Securities & Collateralized Debt Obligation Problems, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Structured Notes
Posted by Page PerryonAugust 12, 2010
Faced with proposed new regulations for mortgage-backed securities designed to prevent another financial crisis, some Wall Street banks are saying that they should have no responsibility “to undertake any sort of credit analysis” when creating and selling mortgage-backed securities, and that they have no ability to do that, according to Floyd Norris, a commentator on […]
Categories: Brokerage Firms, Commercial Mortgage Backed Securities, Market Developments, Mortgage Securities & Collateralized Debt Obligation Problems, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation
