Hundreds of classes in nearly 30 U.S. RMBS transactions were reviewed in a new report. See how performances changed based on ratings from one of the largest credit-rating agencies.
Read More »5 Cities Causing Unease for Housing Prices
The U.S. housing market is looking doing well right now, according to Grant Bailey, Head Fitch North America RMBS Rating Group. However, there are some areas of concern. Take a look at the RMBS Trends and Outlook in the Video Spotlight.
Read More »Bank of America is Getting Close. . .
Having just passed the two-year anniversary of a record RMBS settlement, Bank of America is close to paying off its obligation under the settlement terms.
Read More »FDIC Reaches RMBS Settlement with Eight Institutions
The FDIC has filed a total of 19 RMBS lawsuits on behalf of eight institutions seeking damages for violations to federal and state securities laws.
Read More »Goldman Sachs Pays Big to Settle Fraud Claims
Goldman Sachs finalized a settlement announced earlier this year, stating that it has agreed to settle federal and state investigations probes concerning the sale of toxic residential mortgage-backed securities in the time leading up to the financial crisis.
Read More »Goldman Sachs Settles Toxic RMBS Claims
The investment banking firm is the latest on a list of banks to agree to settle federal and state investigations probes for allegedly selling bad RMBS in the time period leading up to the financial crisis.
Read More »Ocwen Responds to Servicing Practice Criticism
In January, a group of Residential Mortgage Backed Securities (RMBS) investors including BlackRock Financial Management Inc., Pacific Investment Management Company LLC, Kore Advisors, and Metropolitan Life Insurance issued a notice on Ocwen’s alleged non-performance. Ocwen claims the notice is a part of a long campaign by the RMBS investors to force more home foreclosures and less loan modifications.
Read More »Citi, Goldman, UBS to Pay $235M in RMBS Settlement
According to the class-action lawsuit, which was originally filed in September 2008, the underwriters made "material misstatements and omissions of material facts" in the offering documents, which was in violation of the Securities Act.
Read More »Report: DOJ May Charge Individuals for Roles in Mortgage Meltdown
Attorney General Eric Holder has given U.S. attorneys across the country 90 days to judge whether or not they want to bring cases against specific individuals for their alleged roles in 2008's mortgage crisis, according to reports.
Read More »Judge Throws Out Much of RMBS Suit Against BofA
U.S. District Judge Stanley Chesler in Newark ruled that Prudential failed to show sufficient proof that Bank of America and its Merrill Lynch misrepresented the quality of its loans backing securities to ratings agencies, according to reports.
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