Mortgage Backed Securities
Friday, September 27, 2013
JPMorgan is reportedly in discussions to settle scores of government investigations with a settlement estimated at $11 billion.
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.
Thursday, August 25, 2011
By Justin Krebs : IAFC Blogger
-Justin Krebs, It's A Free Country blogger.
Friday, July 29, 2011
By Bob Hennelly
-AG Eric Scneiderman on his investigation into banks that created the mortgage crisis.
Wednesday, June 29, 2011
By Alec Hamilton : Assistant Producer, WNYC News
— 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.
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.
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.