UBS sued by US regulator over sale of mortgage-backed securitiesSept 6 (Reuters) - A U.S. regulator has sued UBS, accusing the Swiss bank of violating federal and state laws through misrepresentations in the sale of mortgage-backed securities to two credit unions that later failed, according to a court filing. The ...
Too Big To Jail: Wall Street Executives Unlikely To Face Criminal Charges ...But from the start, the task force -- officially, the Residential Mortgage-Backed Securities Working Group -- has been dogged by critics questioning the seriousness of the effort, and by concerns that the legal timeframe in which investigators must ...
Goldman Sachs Sued by DZ Bank in New York Over Mortgage BondsGoldman Sachs Group Inc. (GS) was sued by German lender DZ Bank AG over $188.6 million in mortgage-backed securities, at least the third investor this week to sue the bank over mortgage bonds.
Bond giant Western Asset still courting backfired betsNEW YORK, Sept 6 (Reuters) - Western Asset Management Co.'s flagship bond fund is rebounding strongly by its big move into the same kind of subprime mortgage-backed securities that caused steep losses for the money manager in 2008. Known during ...
Citigroup Sued in New York Over $137 Million in Mortgage Bonds... Sued Over Mortgage-Backed Bonds. By David McLaughlin - 2012-09-05T21:02:28Z. Citigroup Inc. (C), Goldman Sachs Group Inc. (GS) and UBS AG (UBSN) were sued separately in New York over losses on $368.7 million in mortgage-backed securities.
Bill Gross's Bond Fund Has Acquired $9.3 Billion in New Cash This YearMortgage-backed securities and Treasurys account for 84% of the fund's portfolio at the end of July, according the latest data available on the firm's website.
Goldman Sachs Securities Class Action Revived on AppealA class-action suit against Goldman Sachs Group Inc. (GS) over mortgage-backed securities was revived by a federal appeals court in New York.
Delinquency rates for mortgage-backed securities fallingThe delinquency rate for U.S. commercial real estate loans in mortgage-backed securities fell 0.21 percentage points to 10.13 percent in August.
$26M settlement reached in WaMu mortgage securities suit$26M settlement reached in WaMu mortgage securities suit. Purchasers of some WaMu mortgage-backed securities will share $26 million in a settlement of one of the remaining suits over the failed thrift's actions during the mortgage bubble.
Total Return DrivenA : Our philosophy has been to concentrate on the risk sectors within the marketplace, including corporate risk, and we have determined that those markets are inefficient relative to risk-free assets like U.S.
FDIC Sues Goldman, JPMorgan Over Mortgage-Backed SecuritiesGoldman Sachs & Co. and units of JPMorgan Chase & Co. (JPM) and Ally Financial Inc. overstated the quality of loans underlying mortgage-backed securities they sold to the failed Guaranty Bank in Austin, Texas, according to lawsuits brought by the FDIC ...
What Will The Fed Do?Last autumn, it seemed clear to many that the Fed was laying the groundwork for a new round of quantitative easing—QE3—that would see the Fed buying mortgage-backed securities. That could still be in the cards, although improvements in the housing ...
Armour Residential: How It Manages To Pay A 16% Yield And The Risks Of ...Armour borrows money that requires it to pay a certain interest rate, and buy mortgage-backed securities that pays it interest at rates higher than its cost of borrowing.
US regulators file suit against UBS SecuritiesNEW YORK: US regulators have filed a lawsuit against Swiss banking giant UBS, accusing it of misrepresenting the risk associated with mortgage-backed securities it sold to two federal credit unions. The two credit unions failed after paying USD 1.1 ...
Citigroup to Settle Mortgage-Backed Securities Suit for $24.9 MillionCitigroup Inc. (C) agreed to pay almost $25 million to a group of investors who said they were misled about the quality of mortgage-backed securities that suffered losses after the housing market collapsed, according to a proposed settlement filed in ...
Current Mortgage Rates for Wednesday, September 5, 2012Mortgage backed securities sold off a bit yesterday and mortgage rates worsened. I would say this was a result of normal market volatility more than anything else.
Former WaMu units reach $26 million settlement in mortgage securities caseWashington Mutual Inc filed for bankruptcy on September 26, 2008. JPMorgan bought Washington Mutual's banking operations in a $1.88 billion transaction arranged by the FDIC.
Former WaMu units reach $26 mln settlement in mortgage securities caseNEW YORK, Sept 4 (Reuters) - Two former Washington Mutual Bank units have reached a $26 million settlement agreement over claims they misled investors over the sale of mortgage-backed securities. Lawyers for plaintiffs filed a notice of the settlement ...
REAL ESTATE: SIFMA, and 25 trade organizations, oppose eminent domainThe Securities Industry and Financial Markets Association, plus 25 other trade associations, today, Sept. 7, noted its opposition to the latest round of proposals to use eminent domain to take mortgages from residential mortgage-backed securities for ...
Goldman, Citi & UBS Hauled to Court - Analyst BlogThe lodged complaint accuses Goldman, Citi and UBS of presenting misleading documents related to the sale of over $73.2 million, $137.4 million and $158.1 million, respectively, in residential mortgage-backed securities. Claimants alleged that these ...