Mortgage Backed Securities

Money Talking

JPMorgan Could Pay $11 Billion To Settle Government Probes

Friday, September 27, 2013

JPMorgan is reportedly in discussions to settle scores of government investigations with a settlement estimated at $11 billion.

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NY Sues Credit Suisse Over Mortgage Securities

Tuesday, November 20, 2012

New York is suing Credit Suisse Securities and affiliates, claiming they misled investors about the care taken in evaluating their residential mortgage-backed securities.


The Brian Lehrer Show

Suing the Banks

Wednesday, October 17, 2012

Eric Schneiderman, New York State Attorney General and co-chair the Residential Mortgage-Backed Securities Working Group, talks about the lawsuit against JP Morgan.

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Federal Government Sues Banks Over Mortgage Losses

Friday, September 02, 2011


A U.S. regulator filed lawsuits Friday against 17 of the nation's largest banks over losses from mortgage-backed securities, aiming to recoup billion of dollars stemming from the failed investments.

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It's A Free Blog

Opinion: Why is Eric Schneiderman Under Siege? He's Doing His Job

Thursday, August 25, 2011

What's "unacceptable" is the notion that the AGs would create a settlement before they even investigated the extent of the criminal activity.

-Justin Krebs, It's A Free Country blogger.

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What Happens When No One Wants to Own a Place

Monday, August 15, 2011

Throughout New York state, local governments are trying to figure out who to hold responsible for the upkeep of thousands of foreclosed residential properties.

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It's A Free Blog

Stucknation: Schneiderman's Mission to Restore Faith in the American Mortgage

Friday, July 29, 2011

There are so many people who got bad deals - and are stuck with those bad deals - who are just seething with the sense that the bankers who put them in those bad deals are not stuck with the deal.

-AG Eric Scneiderman on his investigation into banks that created the mortgage crisis.

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It's A Free Country ®

BoA, QE2, EU: What To Do?

Wednesday, June 29, 2011

The problems that came to the surface in 2008 are still there, they’re just lurking not very far beneath the surface.

Nicole Gelinas, contributing editor of the Manhattan Institute's City Journal and author of After the Fall: Saving Capitalism from Wall Street and Washington, on The Brian Lehrer Show.

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The Takeaway

Reforming Fannie Mae and Freddie Mac

Wednesday, February 09, 2011

The death of Fannie Mae and Freddie Mac has been a long time in the making. For the past four decades the way homes have been financed in this country has been dictated by a kind of public-private partnership. Fannie and Freddie bought mortgages from banks and sold them to investors in the form of securities. The system worked because the government implied that if homeowners defaulted, the government would be there to bail those loans out. In 2008 the government essentially did that during the housing crisis. But now the two companies are political untouchable.

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The Takeaway

A Possible Moratorium on Foreclosures

Wednesday, October 13, 2010

At least 40 states' attorneys general across the country will launch an investigation into the mortgage servicing industry today, which will possibly result in a push for a national moratorium on foreclosures. If they do, it comes as a response to recent announcements by several major banks, who admitted submitting fraudulent or erroneous documents in their foreclosure programs as they worked through massive amounts of foreclosure paperwork.


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