NEW YORK — Morgan Stanley shares dropped Wednesday following a report that the investment bank is facing an investigation into mortgage derivative deals.
Federal prosecutors are investigating whether Morgan Stanley misled investors about its role in a pair of $200 million derivatives whose performance was tied to mortgage-backed securities, according to a report in The Wall [...]
Posts Tagged ‘investment bank’
Morgan Stanley shares drop on reported probe
May 12th, 2010 by Mortgage Writer
Tags: banks, CEO, economy, financial, Goldman Sachs, investment bank, investors, mortgage, mortgage securities, subprime mortgages, wall street
more...Paulson: Mortgage Players Must Keep ‘Skin In The Game’
May 6th, 2010 by Mortgage Writer
WASHINGTON (Dow Jones)–Former Treasury Secretary Henry Paulson said Thursday underwriters and originators of mortgage-backed securities should retain some “skin in the game” by keeping a portion of those securities.
Paulson said that securitizing home mortgages isn’t in and of itself a bad thing, although such mortgage-backed securities were at the heart of the credit crisis.
“That being [...]
Tags: business, credit crisis, dow jones industrial, financial, financial crisis, investment bank, investors, mortgage, treasury
Wilbur Ross Sees ‘Huge’ demand Real Estate bounce
October 31st, 2009 by Mortgage Writer
Billionaire investor Wilbur L. Ross Jr., said today the U.S. is in the beginning of a “huge crash in commercial real estate.”
“All of the components of real estate value are going in the wrong direction simultaneously,” said Ross, one of nine money managers participating in a government program to remove toxic assets from bank balance [...]
Tags: bankruptcy, commercial property, commercial real estate, government money, investment bank, investors, loan, mortgage, real estate
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