Tag Archives: Mortgage-Backed Securities

According to an executive at Wells Fargo, the bank will begin issuing private-label bonds—the first time it's done so since 2008. Backed by non-government guaranteed mortgage loans, these bonds offer lower risk to banks and, therefore, lower interest rates for borrowers. JPMorgan and Redwood Trust have also begun issuing these types of bond as of late.

The Swiss-based bank became the third firm in a week to settle with the Department of Justice for conduct related to mortgage-backed securities leading up to the crisis.

Freddie Mac has reached a “critical” milestone toward its goal of implementing the Single Security Initiative with the first use of Common Securitization Platform (CSP) software.

Later this year, Freddie Mac will achieve a goal it has been working toward with Fannie Mae under the direction of the Federal Housing Finance Agency since 2012, if all goes according to plan.

Morgan Stanley has begun to fulfill its consumer relief obligations under a settlement with federal and state regulators in connection with mortgage-backed securities practices.

The first and second quarters of 2016 told two different stories for Goldman Sachs as far as earnings and overall business operations.

According to the FHFA, the GSEs intend to begin implementing the Common Securitization Platform software later this year.

Morgan Stanley is the latest firm to settle federal and state probes concerning "deceptive" handling of mortgage-backed securities. The firm will be the fourth deal to be struck among big U.S. banks’ role in the 2008 financial crisis.

American International Group Inc., and a group of General Electric Inc., pension and investment funds recently agreed to put a New York federal court suit brought about by the funds to rest.

Ginnie Mae has released an update to its issuer business status requirements that will help issuers that are going through ownership and organizational changes.