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Bonds backed by Mortgages Regain Allure
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Investors such as hedge funds and mutual funds that are investing in U.S. mortgage backed securities in the hope of returns in the range of 6-12%. With the recovery in prices since 2010 some of these mortgages bundled into securities are going for about 70 cents on the dollar.
The revived interest in 2012 for U.S. mortgage backed securities
02/18/2012
Grouped Articles
Bonds backed by Mortgages Regain Allure
New York Times 02/18/2012
"Extend and pretend" in the U.S. banking industry- 2010-2012
07/16/2011
The large losses that still remain to be taken by the banking industry as housing prices face further decline. This includes losses on the first mortgage and on second liens. Second liens refer to home equity lines of credit.
Grouped Articles
Second-Lien Loans May Prompt New Losses for Banks
New York Times 07/16/2011
New York Times 08/22/2011
Book portrays dysfunction in Obama White House - The Washington Post
Washington Post 09/17/2011
To Fix the Housing Crisis, Read the Data
New York Times 11/04/2011
Wall Street Journal 11/30/2011
U.S., Banks Agree on Foreclosure Pact
Wall Street Journal 02/09/2012
Actions to shore up confidence in financial markets in the 2007 subprime mortgage crisis
09/12/2009
Efforts to limit the damage from the mortgage crisis especialy to the healthier financial institutions and to overall financial markets. Actions taken within the market by financial institutions themselves to shore up confidence or to make good investments.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
A Year After a Cataclysm, Little Change on Wall St.
New York Times 09/12/2009
Bonds backed by Mortgages Regain Allure
New York Times 02/18/2012
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03/19/2012
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
Martin Feldstein and other experts renew their call to stem the decline in house prices with a new policy for homeowners under water - 2010-2012
01/05/2009
The cost would be an estimated $350 billion to cancel some of the mortgage debt of homeowners. Feldstein says this is a necessary step to revive the U.S economy. Letting the forest fire of foreclosures burn itself out would damage the U.S. economy further. Feldstein says this is not an option.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
How to Stop the Drop in Home Values
New York Times 10/12/2011
New York Attorney General Schneiderman and mortgage securities settlements
08/21/2011
Pressure brought on Schneiderman by the Obama administration for mortgage securities settlements that would limit future investigation.
Grouped Articles
Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit
New York Times 03/26/2014
Schneiderman Is Said to Face Pressure to Back Bank Deal
New York Times 08/21/2011
New York Times 08/22/2011
Bank of America Settlement Faces Growing Challenges
New York Times 08/31/2011
Nevada Accuses Bank of America of Breaching Mortgage Accord
New York Times 08/30/2011
Wall Street Journal 09/01/2011
2008 subprime mortgage securities financial crisis
08/05/2007
Financial crisis from the widespread distribution of securities created from pools of subprime mortgages in the portfolios of finacil institutions around the globe. How credit rating agencies helped create the crisis by giving A ratings to these securities which were then widely distributed as credit worthy.
Grouped Articles
BusinessWeek 04/01/2010
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Recipes for Ruin, in the Gulf or on Wall Street
New York Times 06/11/2010
S. & P. E-Mails on Mortgage Crisis Show Alarm and Gallows Humor
New York Times 02/05/2013
S&P to Pay $1.5 Billion to Resolve Crisis-Era Litigation
Wall Street Journal 02/04/2015
Wall Street Journal 02/27/2008
A new U.S. housing foreclosure crisis looming for 2010-2011.
10/01/2009
By conservative estimates according to NYT, 2.4 million homes will be lost to foreclosure in 2010. The faulty documentation poses a serious problem for banks, as they may be forced to buyback the mortgage securities sold improperly.
Grouped Articles
Wall Street Journal 12/31/2013
Wall Street Journal 10/16/2010
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
Economist 10/01/2009
Economist 10/01/2009
U.S. Mortgage Delinquencies Reach a Record High
New York Times 11/20/2009
Federal Reserve's $800 billion rescue for mortgage and consumer debt securities markets in October 2008.
11/25/2008
October 2008 was the month when consumer debt securites market collapsed, with dire consequences for GM and other businesses. The Fed stepped in with $200 billion of money for investors to buy these securities and also set up its own effort to buy $600 billion of mortgage securities from Fannie and Freddie.
Grouped Articles
Putting the Hit on Fannie, Freddie
Wall Street Journal 03/12/2014
Senators Draft Housing Finance Overhaul
New York Times 03/11/2014
New Facility Targets Consumer Lending
Wall Street Journal 11/25/2008
Fed Aid Sets Off a Rush to Refinance
Wall Street Journal 11/26/2008
Fear Recedes in the Debt Markets
Wall Street Journal 11/26/2008
U.S. Consumer Loan Aid Will Trickle Only So Far
New York Times 11/27/2008
Mortgage bond prices 2010-2012
05/21/2011
The recovery in bonds backed by subprime loans and commercial real estate in 2010 and the setback in 2011. Bonds that gained in price to 59 cents to the dollar are now back to 40 cents to the dollar. A large degree of volatility and investment firms with a limited willingness to take risks.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 06/27/2011
Wall Street Journal 06/27/2011
Bonds backed by Mortgages Regain Allure
New York Times 02/18/2012
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
Own Government Bonds? Here's Why You Should Be Worried
Wall Street Journal 05/21/2011
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