Author Archive


Bloomberg
TCW Beats 97% of Rivals Led by Gundlach With Housing: Mortgages
Bloomberg
TCW Group Inc.'s wager on risky mortgage bonds, which last year caused the money manager to trail 87 percent of competitors, is paying off now as investors in the securities shrug off Europe's debt crisis amid signs US housing is stabilizing.

and more »

Comments No Comments »


Irish Independent
Banks 'overwhelmed' by mortgage crisis: Elderfield
Irish Independent
By Laura Noonan BANKS must get into a "completely different mode" to deal with the escalating mortgage arrears crisis that has "really overwhelmed them", financial regulator Matthew Elderfield said yesterday. His comments came as Central Bank Governor
Central Bank to push lenders on escalating mortgage arrearsIrish Times
Central Bank 'not comfortable' over level of mortgage arrearsRTE.ie
Quarter of all home loans in troubleIrish Examiner
BreakingNews.ie -Wexford People -Newstalk 106-108 fm
all 84 news articles »

Comments No Comments »

Mortgage settlement could go in state's budget hole
San Francisco Chronicle
Jerry Brown's plan to use $411 million in revenue coming to the state as part of the national mortgage settlement to help shrink the general fund deficit. In his revised 2012-13 budget released last week, Brown proposed using most of the money for

and more »

Comments No Comments »

Kroll Sees Supplanting S&P in Rating Commercial Mortgage Bonds
BusinessWeek
By Zeke Faux on May 21, 2012 Jules Kroll says his two-year-old credit ratings firm is poised to surpass Standard & Poor's providing grades on bonds backed by commercial mortgages, capitalizing on a stumble last year by his larger rival.

and more »

Comments No Comments »

Kroll Sees Supplanting S&P in Rating Commercial Mortgage Bonds
Bloomberg
Jules Kroll says his two-year-old credit ratings firm is poised to surpass Standard & Poor's providing grades on bonds backed by commercial mortgages, capitalizing on a stumble last year by his larger rival. Kroll Bond Ratings Inc. has focused on

and more »

Comments No Comments »

Obamas mortgage fraud task force under fire
Politico
President Barack Obama used his January State of the Union address to show he's on top of the housing crisis, announcing a new “special unit” to investigate mortgage fraud. But the much-ballyhooed group is now under fire from housing advocates and

Comments No Comments »


Latin American Herald Tribune
FDIC sues big banks over mortgage debt losses
Chicago Tribune
(Reuters) – The US government has filed three lawsuits against a group of large banks over losses on soured mortgage debt purchased by two small Illinois banks that failed in 2009. Acting as receiver for Citizens National Bank and Strategic Capital
FDIC Sues on Mortgage-Backed Securities Sold to Failed BanksSan Francisco Chronicle
FDIC Targets Banks Over Soured Mortgage SecuritiesWall Street Journal
FDIC sues big banks over mortgage securitiesThe Seattle Times
Washington Post
all 114 news articles »

Comments No Comments »


Latin American Herald Tribune
FDIC sues big banks over mortgage debt losses
Chicago Tribune
(Reuters) – The US government has filed three lawsuits against a group of large banks over losses on soured mortgage debt purchased by two small Illinois banks that failed in 2009. Acting as receiver for Citizens National Bank and Strategic Capital
FDIC Sues on Mortgage-Backed Securities Sold to Failed BanksSan Francisco Chronicle
FDIC Targets Banks Over Soured Mortgage SecuritiesWall Street Journal
FDIC sues big banks over mortgage securitiesThe Seattle Times
Washington Post
all 110 news articles »

Comments No Comments »

Mortgage and Securitization Fraud: Where Is the Task Force?
Huffington Post (blog)
There was an epidemic of mortgage fraud that was identified by the FBI as early as 2004. The general story was that the big subprime issuers were pushing their agents to issue as many mortgages as possible, because they knew that they could sell almost
HUD Secretary Shaun Donovan Announces to National People's Action New Director eNews Park Forest

all 3 news articles »

Comments No Comments »

TEXT-S&P cuts 3 Criimi Mae Commercial Mortgage 1998-C1 ratings
Reuters
May 21 – OVERVIEW — We lowered our ratings on three classes from Criimi Mae Commercial Mortgage Trust's series 1998-C1 and removed them from CreditWatch with negative implications. — At the same time, we affirmed our ratings on two other classes from

and more »

Comments No Comments »