Goldman faces second investigation as mortgage assets leave bitter taste
Wednesday, March 16th, 2011Securities and Exchange Commission investigators are focusing on a second mortgage-backed asset created by Goldman Sachs as they attempt to bolster their $1 billion fraud case against the embattled bank.
Fannie-Freddie Fix at $160 Billion With $1 Trillion Worst Case
Wednesday, March 16th, 2011The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and could grow to as much as $1 trillion after the biggest bailout in American history.
FHFA Subpoenas Firms That Sold Debt to Fannie Mae, Freddie Mac
Tuesday, March 15th, 2011The Federal Housing Finance Agency subpoenaed firms that sold mortgage-backed securities to Fannie Mae and Freddie Mac as the regulator aims to determine whether issuers can be held liable for losses on the debt.
The Subprime Mortgage Crisis on Trial
Monday, March 14th, 2011The financial meltdown has led to only a few civil and criminal cases against executives, and even those focused on peripheral issues: Goldman Sachs’ peddling of a credit derivative obligation and the communications of two former Bear Stearns hedge fund managers.
Fannie, Freddie Regulator Blames Mortgage-Loan Pools for Poor Performance
Sunday, March 13th, 2011Mortgage pools purchased as investments by Fannie Mae and Freddie Mac during the housing boom included more risky and poor-performing loans than those guaranteed by the government-backed firms, their regulator said.
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