Tag Archives: Mortgage-Backed Securities

For the first time in nearly two long years, Freddie Mac's total mortgage portfolio grew in November, the company reported.

The National Credit Union Administration (NCUA) announced Monday it has filed suit against JPMorgan Securities and Bear Stearns over allegations of falsely representing the quality of mortgage-backed securities (MBS) sold to corporate credit unions. NCUA's complaint alleges that although Bear Stearns' offering documents described the firm's adherence to underwriting guidelines, the originators had in fact "systematically abandoned the stated underwriting guidelines in the Offering Documents."

In Houston, Texas, Southwest Securities, Inc., has added a new senior leader for the firm's taxable fixed income unit. Appointing Bob Anderson as an SVP, Southwest Securities hopes to utilize the housing finance industry veteran's extensive experience to enhance its institutional sales operations.

Hurricane Sandy's impact on non-agency residential mortgage-backed securities (RMBS) may not be nearly as bad as originally expected.

After a quarter of growth, Fannie Mae's total Book of Business remained essentially flat in October.

Freddie Mac may ramp up repurchase demands with intentions to begin including mortgage loans made in 2004 and 2005 in its repurchase reviews.

The Securities and Exchange Commission (SEC) has ended its investigation of potential fraud in offering documents for mortgage-backed securities (MBS) sold by Wells Fargo.

After losing a previous bid earlier this year, UBS is making another attempt to shut down a lawsuit from the Federal Housing Finance Agency.

The RMBS Working Group filed a complaint against Credit Suisse for allegedly misrepresenting securities sold to investors.

JPMorgan Securities LLC and Credit Suisse Securities (USA) paid a combined $416.9 million to settle charges of misleading investors.