Sentences with phrase «against the mortgage securities»

«The SEC alleges that one of the world's largest hedge funds, Paulson & Co., paid Goldman Sachs to structure a transaction in which Paulson & Co. could take short positions against mortgage securities chosen by Paulson & Co. based on a belief that the securities would experience credit events.»

Not exact matches

We like floating rate and inflation - linked securities as buffers against rising rates and inflation, and also see opportunities in 15 - year mortgages.

In a statement shortly after he sued JPMorgan Chase, Mr. Schneiderman said the lawsuit was a template «for future actions against issuers of residential mortgage - backed securities that defrauded investors and cost millions of Americans their homes.»

Against this backdrop, we are moving from an overweight to a neutral posture in residential mortgage - backed securities (MBS).

On May 2, 2014, the United States District Court for the Eastern District of New York gave preliminary approval to a settlement of $ 280 million to resolve claims against JPMC that it misled investors in billions of dollars» worth of mortgage backed securities.

January 7, 2013 • The agreement resolves claims against the bank about mortgage - backed securities it sold before the housing bust.

When the investors in the Big Short predicted the Global Financial Crisis by examining the credit quality of the bonds underlying the popular mortgage - backed securities, they purchased credit default swaps against the MBSs & CDOs and profited tremendously.

If a loans meets the following tests, it is covered under the law: 1) For a first - lien loan otherwise referred to as the original mortgage on the property - the Annual Percentage Rate (APR) exceeds by more than 8 percentage points compared against the rates on Treasury securities of comparable maturity; 2) For a second - lien loan otherwise referred to as a 2nd mortgage - the APR (Annual Percentage Rate) exceeds by more than 10 percentage points compared to the rates in Treasury securities of comparable maturity; or the total points and fees payable by the borrower at or before closing exceed the larger of $ 561 or 8 % of the total loan amount.

We like floating rate and inflation - linked securities as buffers against rising rates and inflation, and also see opportunities in 15 - year mortgages.

The Mortgage or Deed of Trust: This is the «security instrument» which gives the lender a claim against your house if you fail to live up to the terms of the mortgaMortgage or Deed of Trust: This is the «security instrument» which gives the lender a claim against your house if you fail to live up to the terms of the mortgagemortgage note.

The financial industry has made year over year record profits because they invested in the derivatives, and then either sold the Mortgage Backed Securities on Wall Street or Leveraged (borrowed) against them at the Federal Reserve.

Trust it as much as you trust Congress, and remember they are also promising to pay Social Security and Medicare, AND guarantee against home mortgage loan defaults, underfunded pension defaults, money market failures, and soon, everyone's health care needs.

Index A published interest rate against which lenders measure the difference between the current interest rate on an adjustable rate mortgage and that earned by other investments (such as one, three, and five year U.S. Treasury security yields, the monthly average interest rate on loans closed by savings and loan institutions, and the monthly average costs - of - funds incurred by savings and loans), which is then used to adjust the interest rate on an adjustable mortgage up or down.

But the biggest advantage of these policies would be that the Canadian Mortgage and Housing Corporation would be provided more security against defaults.

In related news, an April 15 MarketWatch piece says, «A Senate subcommittee has accused Goldman Sachs of selling poor quality mortgage securities it bet against and is pushing the Justice Department to investigate Goldman CEO Lloyd Blankfein's testimony before Congress.

Paulson became world - famous in 2007 by shorting the US housing market, as he foresaw the subprime mortgage crisis and bet against mortgage backed securities by investing in credit default swaps.

Annaly and American Capital Agency, for instance, invest in agency mortgage - backed securities, which come with an implicit guarantee against default — meaning if the borrowers stop paying, they are reimbursed for the difference.

Mortgage is the process of obtaining a loan against some security.

Mortgage loan is offered by a financial institution against a security.

And there's not a ready investment available that would allow one to bet against securities backed by student loans — no index like the one that hedge fund managers depicted in «The Big Short» used to bet against mortgages before the crisis.

Goldman Sachs who played both sides of the Mortgage Securities fraud knowingly pushing mortgages doomed to fail to clients at the same time secretly taking out an insurance policy against its failure was fined a token $ 550million which is chump change for Goldman Sachs.

They repackaged these loans and used them as collateral for bonds called mortgage - backed securities; they guaranteed buyers of those securities against default.

By the time the loans were carved into residential mortgage backed securities, re-sliced into Collateralised Debt Obligations (CDOs) and CDO squareds, the person lending the money had no idea what they were lending against.

Agency securities are guaranteed by the U.S. government as to the timely payment of principal and interest, however this guarantee does not apply to the yield, nor does it protect against loss of principal if the bonds are sold prior to the payment of all underlying mortgages.

The «all indebtedness» mortgage brings any other debts held by that specific lender under the umbrella of the registered security against the Real Estate.

The claims may be against investment banks that devised securities deriving from sub-prime mortgages; underwriters; pension funds; and salesmen.

Kasowitz Benson is also working alongside Quinn Emanuel Urquhart & Sullivan on behalf of the Federal Housing Finance Agency in connection with litigation against 18 banks that sold the government entity billions in mortgage - backed securities.

Mortgage: The putting up of land or a building, or both, as security against a loan of money.

On April 17, 2013, Plaintiffs in the landmark mortgage - backed securities (MBS) class action litigation against Countrywide Financial Corporation and others, led by Lead Plaintiff, the Iowa Public Employees» Retirement System (IPERS), agreed to a $ 500 million settlement.

Housing Law Unlawful Detainer Defense Tenant Rights Security Deposit Habitability Claims Reasonable Accommodations Mortgage / Foreclosure Counseling Consumer Finance & Mortgage Fraud Financial Literacy Training Loan Modification / Loss Mitigation Assistance Preliminary Injunctions to Prevent Foreclosure Sales Civil Litigation Against Lenders for Homeowners Bill of Rights Violations / Civil Litigation for Misrepresentation or Fraud in Homeowner Mortgages

The firm continues to handles professional negligence matters for longstanding clients, including Paragon Mortgages and Idem Capital Securities; Frances Mitchell is continuing to act for the former in multiple claims against a firm of solicitors concerning alleged breaches of duty over buy - to - let mMortgages and Idem Capital Securities; Frances Mitchell is continuing to act for the former in multiple claims against a firm of solicitors concerning alleged breaches of duty over buy - to - let mortgagesmortgages.

Obtained a $ 650 million settlement for American International Group in a long - running fraud action against Bank of America and Countrywide arising out of misrepresentations made in conjunction with the sale of residential mortgage - backed securities.

Represented AIG in a $ 10 billion fraud suit against Bank of America and its affiliates arising out of AIG's purchase of billions of dollars in Residential Mortgage - Backed Securities.

Recent successes include a landmark $ 1 billion antitrust verdict against Dow Chemical Company over urethane price - fixing, and the largest class action settlement pertaining to the fraudulent sale of mortgage - backed securities — a $ 500 million recovery for purchasers of Countrywide mortgage - backed securities.

Representation of the FDIC in a securities class action against subsidiaries of IndyMac Bank: In re IndyMac Mortgage - Backed Securities Litigation, No. 09 - cv - 04583 securities class action against subsidiaries of IndyMac Bank: In re IndyMac Mortgage - Backed Securities Litigation, No. 09 - cv - 04583 Securities Litigation, No. 09 - cv - 04583 (S.D.N.Y.)

His reported cases include RH Green & Silley Weir v BR (limitation period against 3rd party), de Bry v Fitzgerald (security for costs), Hartt v Newspaper Publishing (libel concerning a work by Michelangelo), Pearson v Sanders Witherspoon (valuation of loss of chance), Siebe Gorman v Pneupac (status of consent orders), Senate Electrical v NTL (liability of an employee for acquisition warranties) and Bendell v Smith & Others (a successful recovery action by a lender on a shared appreciation mortgage equity release — the only such case to go to trial).

Since joining Berger & Montague, Mr. Lechtzin has been instrumental in helping the firm secure leadership positions in national securities fraud class actions against Centerline Holding Company, Municipal Mortgage & Equity, Fifth Third Bancorp, Oppenheimer Pennsylvania Municipal Bond Fund and Hemispherx Biopharma, Inc..

The lender would hold this title as security against the loan, with a promise to transfer title back to the owner once the latter had repaid the mortgage loan in full.

The respondent's spouse, who had been borrowing large sums of money from the appellant, signed a promissory note agreeing to register a mortgage against the property in the appellant's favour as security for the loans.

As a death benefit, term insurance plans offer security and protection against debt, mortgages, funeral costs, etc..

Purchase decreasing term insurance for whatever needs to be insured against your death: your family's financial security, the mortgage, whatever.

Chancellor Capital Management / Invesco, Inc. (City, ST) 1995 — 2000 Partner and Managing Director — Institutional Fixed Income • Manage in excess of $ 44 billion, approximately $ 20 billion of which were managed with a total rate of return objective • Focus in mortgage - backed and asset - backed securities • Create and implement strategy for all MBS and ABS investments for total rate of return portfolios • Responsible for risk management including establishing and monitoring appropriate risk levels • Collaborate with CIO in management of all core portfolios benchmarked against the Lehman Aggregate Index • Run weekly strategy meetings defining portfolio construction in conjunction with Investment Policy Committee guidelines • Oversee assets in excess of $ 10 billion including pension funds, public funds, and insurance funds • Conduct client reviews and new business presentations on a regular basis • Serve as point person for key strategic partnerships based out of New York

The American Civil Liberties Union (ACLU) announced it would be filing a lawsuit against investment bank Morgan Stanley, alleging discrimination in the way the bank packaged subprime mortgage loans into securities.

The group says that discrimination lawsuits have traditionally been brought directly against the original mortgage lenders rather than investment banks that packaged the loans into securities.

In addition, REALTORS ® are urging members of Congress to enact legislation reforming patent demand letters, setting nationwide data security standards, and ending discrimination against affiliated lenders by passing the Mortgage Choice Act.

The wager against commercial mortgage - backed securities largely has focused on the CMBX 6, a little - known credit default swap index.»

With bad news piling up for anchor chains like Macy's and J.C. Penney, bearish bets against commercial mortgage - backed securities are growing.

For mortgage REITs and other investors that can borrow against their holdings, the potential returns are an eye - popping 12 to 13 percent after hedging, making these securities a no - brainer, Marshall said.

The government filed a civil lawsuit against Bank of America Corp. last week over the sale of $ 850 million in residential mortgage - backed securities.

Goldman Sachs is agreeing to pay out $ 550 Million to settle claims that they did not tell their clients that they were betting against some of the mortgage securities.