Sentences with phrase «subprime mortgage securities from»
In that case, led by the civil division of the United States attorney's office for the Eastern District of California, prosecutors found that JPMorgan flouted federal laws with its sale of subprime mortgage securities from 2005 to 2007.
https://dealbook.nytimes.com/
The office, the people said, initially planned to sue JPMorgan as soon as Tuesday over accusations that the bank flouted federal laws with its sale of subprime mortgage securities from 2005 to 2007.
Not exact matches
From the low - level shysters who peddled dodgy mortgages to the Wall Street investors who packaged them into securities and the investors who bought them, everyone involved in the subprime debacle always seems somewhat put - off when reminded that at root this was a crisis about actual people and their actual homes.
The subprime mortgage securities differed in an important way from those based on prime conforming mortgages.
Most of the securities derived from these subprime mortgages were deemed to be AAA rated by the rating agencies.
By the way, the players that profited from the fall of the USA housing market were not any different from the players who made millions by packaging subprime mortgages as «securities» — they were simply smarter.
These are specialist funds, kept separate from their parent company's balance sheet, that invest in illiquid assets, such as securities backed by subprime mortgages.
Back then there was rampant mortgage fraud, huge demand from Wall Street for subprime mortgage securities and rating agencies giving them black checks, with no regulatory oversight whatsoever.