Archive for: mortgage backed securities

Iceberg! Iceberg Right Ahead! The Triple A (AAA) Rating Being Downgraded Started The 2009 Great Recession! An Article Written by John Wright!

. . . . You can put mouse below for intro music. Iceberg Right Ahead!  The Triple A Rating Being Downgraded Started The 2009 Great Recession . August 8th, 2013 Written by John Wright . On Tuesday – August 6th, 2013 — the United States Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) […]

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1-FHFA wins key sampling ruling in cases against banks

. . . . . Pause intro music down below. 1-FHFA wins key sampling ruling in cases against banks . Piggybankblog posted on 12/03/12 Cross linked with reuters.com Dec 3 (Reuters) – A U.S. judge on Monday ruled in favor of a federal regulator wishing to use statistical sampling in its lawsuits against big banks […]

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No Individual Charges In Probe of J.P. Morgan

. . . . . You can pause intro music down below. No Individual Charges In Probe of J.P. Morgan . Piggybankblog posted on 11/12/12 Cross linked with wsj.com . The top U.S. securities regulator doesn’t intend to charge any individuals in its planned enforcement action against J.P. Morgan Chase JPM-0.10% & Co. for the allegedly […]

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JPMorgan loses bid to toss FHFA's mortgage debt lawsuit

. . . .. You can pause intro music down below. JPMorgan loses bid to toss FHFA’s mortgage debt lawsuit . Piggybankblog posted on 11/07/12 Cross linked with reuters.com . NEW YORK, Nov 5 (Reuters) – JPMorgan Chase & Co lost a bid on Monday to dismiss a U.S. regulator’s lawsuit accusing the bank of […]

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Piggybankblog Posted: Mortgage applications jump as low rates spur refinancing demand: MBA

. . . .. You can pause intro music below. Mortgage applications jump as low rates spur refinancing demand: MBA . Piggybankblog posted on 10/03/12 Cross linked reuters.com (Reuters) – Applications for home mortgages surged last week as demand for refinancing rose to the highest level in more than three years, driven by a drop […]

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Cynicism aside, why the NY AG's MBS suit vs JPMorgan matters

. . . . You can pause intro music down below Cynicism aside, why the NY AG’s MBS suit vs JPMorgan matters . Piggybankblog posted on 10/02/12 Piggybankblog posted picture newsandinsight.thomasreuters.com It would be so easy to be cynical about the suit New York Attorney General Eric Schneiderman brought Monday night against JPMorgan Chase, seeking […]

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JPMorgan Chase Lawsuit By New York AG A First For White House Task Force

. . . . You can pause intro music down below. JPMorgan sued over $20bn deception . Piggybankblog posted on 10/01/12 Piggybankblog posted picture Cross liked with FT.COM The New York attorney-general sued JPMorgan Chase on Monday over the alleged deception of investors who lost more than $20bn on mortgage-backed securities created by Bear Stearns. […]

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Piggybankblog Posted MBIA Seeks Jury For Bank of America and Countrywide MBS Fraud Claims

. . . .. You can pause intro music down below. MBIA Seeks Jury For BofA and Countrywide MBS Fraud Claims . Piggybankblog posted on 09/18/12 Cross linked with law.360.com Law360, New York (September 18, 2012, 4:18 PM ET) — MBIA Inc. told a New York state judge Monday that it wants Bank of America Corp. […]

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Finding a fix for foreclosure mess

. . . .. You can pause intro music down below. Finding A Fix For Foreclosure Mess . Piggybankblog posted on 09/17/12 Cross linked with dailynews.com . A San Francisco investment firm is poised to take on Wall Street and the mortgage industry with an unprecedented proposal to have local government use eminent domain to […]

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U.S. Stocks Rise as Fed Plans Mortgage Purchase Program

. . .   .. You can pause intro music down below. U.S. Stocks Rise as Fed Plans Mortgage Purchase Program . Piggybankblog posted on 09/13/12 Cross linked with Bloomberg.com U.S. stocks rose, sending the Standard & Poor’s 500 Index above its highest close since 2008, as the Federal Reserve said it will buy mortgage-backed […]

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