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Tag Archives: Mortgage-Backed Securities

Fannie Mae, Freddie Mac Profit Growth Slows in Q3

According to Fannie Mae, the increase was driven primarily by lower fair value losses and an increase in revenues. Also contributing to the third-quarter boost in profits was a recently announced settlement between Goldman Sachs and the GSEs' conservator, the Federal Housing Finance Agency (FHFA), over faulty residential mortgage-backed securities (RMBS).

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Fed Announces End of QE3 Asset Purchase Program

The Federal Open Market Committee (FOMC) of the Board of Governors of the Federal Reserve System today announced that its asset purchase program, known as QE3 (quantitative easing) will end this month, citing sufficient economic growth.

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Federal Reserve Announces Bond-Buying Cuts

More than two years after the central bank kick off its latest economic stimulus program, policymakers at the Federal Reserve once again voted this week to scale down monthly asset purchases—and hinted that the end is in sight.

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HSBC Agrees to Pay $550M in RMBS Settlement

In a settlement announced Friday, HSBC agreed to pay $550 million to FHFA to resolve allegations it violated state and federal securities laws in its selling of private-label securities to the GSEs between 2005 and 2007. HSBC stopped issuing and distributing MBS in 2007.

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Morgan Stanley Settles MBS Suit for $95 Million

Morgan Stanley has agreed to pay $95 million to settle a lawsuit alleging that the New York City-based financial services giant misled investors in mortgage-backed securities prior to the financial crisis of 2008, according to New York federal court papers.

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