Morgan Stanley shares drop on reported probe
Wednesday, March 16th, 2011NEW YORK — Morgan Stanley shares dropped Wednesday following a report that the investment bank is facing an investigation into mortgage derivative deals.
Mortgage Investors Turn to State Courts for Relief
Tuesday, March 15th, 2011INVESTORS who lost billions on boatloads of faulty mortgage securities have had a hard time holding Wall Street accountable for selling the things in the first place.
Mortgage-Bond Yield Spreads Approach Lowest Level on Record
Tuesday, March 15th, 2011Fannie Mae’s current-coupon 30-year fixed-rate mortgage bonds narrowed 0.03 percentage point to about 0.65 percentage point more than 10-year Treasuries as of 4:45 p.m. in New York, according to data compiled by Bloomberg. The gap reached 0.59 percentage point on March 29, two days before the Federal Reserve ended its buying of $1.25 trillion of [...]
Fannie Mae Subpoenas May Find $30 Billion of Bad Mortgages, Analyst Says
Tuesday, March 15th, 2011Fannie Mae and Freddie Mac’s regulator may identify as much as $30 billion of debt included in mortgage bonds that the companies can force sellers to repurchase, according to Joshua Rosner, an analyst who in 2007 predicted the collapse in the market for the securities.
FDIC to Sell $409 Million in Mortgage Bonds
Tuesday, March 15th, 2011The Federal Deposit Insurance Corp. is tapping the securitization market to rid itself of assets from failed banks.
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