Tag Archives: Mortgage-Backed Securities

The Royal Bank of Scotland settles with the National Credit Union Administration Board over toxic mortgage-backed securities sold to credit unions that subsequently failed.

The first and second quarters of 2016 told different stories for Goldman Sachs with regards to earnings and overall business operations.

FHFA reported that the GSEs expect to meet the GSES' goals for the implementation of the first use of the CSP software later this year and for using the CSP to issue Single Securities in 2018.

How are delinquent residential single-family mortgage loans modified by Fannie Mae performing after their modifications? The industry is about to find out.

Fannie Mae has announced that later this year it will begin securitizing reperforming loans. What are the potential benefits of this move?

The FDIC claimed in the suit that Goldman Sachs, Deutsche Bank, and Royal Bank of Scotland misrepresented the quality of $2 billion worth of mortgage-backed securities it sold in 2004 and 2005.

Bank of New York Mellon told the U.S. Supreme Court in a filing that overturning a Second Circuit Court ruling would mean disaster for the residential mortgage-backed securities market.

A former Wells Fargo subprime loan officer has asked the Second Circuit Court of Appeals to revive her suit against the bank, claiming that Wells Fargo engaged in a scheme to knowingly sell toxic mortgage-backed securities to investors to qualify for city and state tax exemptions.

This bundle of loans, CMLT 2015-PS1, is the third securitization issued by Citigroup in 2015 and comes with an unpaid principal balance (UPB) of $421 million.

A district judge refused to revive the case in September 2013 based on allegations by the DOJ, saying that the outcome of the case would not have been changed by new information brought up about representations made by S&P to investors.