Subprime Litigation Against Issuers and Underwriters of Mortgage-Backed Securities — Where are the Actual Losses?Douglas W. Henkin
How can a bank create money? How does the Federal Reserve pay for the government securities (and other things like mortgage-backed securities) that it buys? Assume that any money lent by a bank is always deposited back in the banking system as a checkable...
To whom? How long and how far does their string (or chain, or tangle, or web, or network, or Mutually Assured Destruction doomsday device, or whatever you want to picture it as) of mortgage-backed securities and collateralized debt obligations stretch? Are my meager bank deposits invested ...
This is because unlike equities, the inherent value of an MBS may not be the price at which it can be sold, but rather the yield or income stream that it generates.6 THE NATURE OF MORTGAGE-BACKED SECURITIES With respect to equity securities, courts and commentators have had many occasions ...
buy back government bonds on the open market c. sell more government bonds d. encourage the stock market How does the Federal Reserve pay for the government securities (and other things like mortgage-backed securities) that it buys? Who controls the Feder...
A Florida pension fund for firefighters and police has sued Nationstar Mortgage for securities fraud, alleging that Nationstar executives concealed a variety of unsavory dealings from its potential investors. The complaint alleges: [U]nbeknownst to investors… defendants knew or recklessly disreg...
As you can see, the 10-yr bond started moving up in August, but banks ignored that (abnormally) with respect to their mortgage rates for months and kept actually taking mortgage rates lower because the Fed has been backstopping mortgages via all mortgage-backed securities they are hosing up....
Over 20 million mortgage holders are underwater. It is amazing that a few years ago, Deutsche Bank estimated that at the ultimate trough of the housing market, nearly half of all mortgages would be underwater. This “doomsday†scenario seemed extremely farfet...
The tenants' actions cause financial hardships because eviction and other procedures can take months for the property owner to regain control of the unit and more time to find a new tenant. The landlord's bills for the mortgage, maintenance, insurance, taxes, and other operating expenses never ...
(AIG) would fail due to its heavy investments incredit default swapsand potentially bring down the entire financial system. With AIG, the infusions came in multiple stages, including a low-cost loan, preferred share purchases, and mortgage-backed securities. In the end, the government poured ...