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Tag Archives: RMBS

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.

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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.

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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.

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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.

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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.

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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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