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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: mortgage backed securities

mortgage backed securities stories: 75 news summaries

41 - 60 of 75 Stories | << Prev 1 2 3 4 Next >>

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The GOP Plan: Less Regulation, Private Funding

Bush, Paulson, Dems reject conservative counterproposal

Sep 26, 08 8:09 AM CDT
(Newser) - When John Boehner scuppered the nearly-sealed bailout deal at yesterday's meeting, the House minority leader proposed an alternative plan: a bank-financed insurance system that would rescue individual mortgages. Under the GOP proposal, the government would not buy up the toxic mortgage-backed securities at the heart of the crisis but instead... More »

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John McCain • Ben Bernanke • Henry Paulson • John Boehner • credit market • mortgage backed securities • bailout • George W. Bush

Paulson
Outlines His
'Bold' Bailout

He and Bush say it's urgent to act now to stabilize markets

Sep 19, 08 10:10 AM CDT
(Newser) - Henry Paulson confirmed today that he is working on a "bold" plan to buy bad loans from banks, the Wall Street Journal reports. Such a plan would cost taxpayers “hundreds of billions of dollars,” Paulson said, but he believes it is necessary to stabilize the economy.... More »

MORE ABOUT:
Henry Paulson • financial markets • Freddie Mac • Fannie Mae • credit market • mortgage backed securities • bailout • financial crisis

 Feds Search for WaMu Buyer 

Falling share price stokes worries of a bank run

Sep 17, 08 1:06 PM CDT
(Newser) - Washington Mutual, America's largest savings and loan, may be the next big financial institution to fail, the New York Post reports. Fearing a run on the struggling bank, federal regulators placed calls yesterday gauging interest in a WaMu buyout to Wells Fargo, JP Morgan Chase, HSBC, and others, but no... More »

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Wells Fargo • credit crisis • Washington Mutual • mortgage backed securities • Standard and Poor • savings • bank failure • JPMorgan Chase

MARKETS

 Dow Gains 303 Points; Oil Drops 

Fannie's losses don't phase market

Aug 8, 08 3:41 PM CDT
(Newser) - A big rally topped a rollercoaster week today as the markets surged on a drop in oil of nearly $5 a barrel, MarketWatch reports. The Dow gained 302.89 points to close at 11,734.32, the Nasdaq rose 58.37 to 2,414.10, and the S&P 500... More »

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Dow Jones • Nasdaq • Fannie Mae • MBIA • mortgage backed securities • S&P 500 • oil prices

OPINION

Greenspan to Government: Hands Off

Market capitalism can ride out the crisis, writes former Fed boss

Aug 5, 08 1:15 PM CDT
(Newser) - The credit crisis is far from over, and more banks and financial institutions might require government bailouts along the way, Alan Greenspan acknowledges. The crunch will relax only when home prices, "the ultimate collateral support for much of the financial world’s mortgage-backed securities," begin to stabilize, the... More »

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Federal Reserve • economics • Alan Greenspan • capitalism • credit crisis • regulation • mortgage backed securities • bank regulation • financial crisis

ANALYSIS

 Financial Faith Is 
 Crisis' Top Casualty 

One year in, credit crunch has upset all expectations about modern markets

Aug 4, 08 2:35 PM CDT
(Newser) - Last summer, central banks injected hundreds of billions of dollars into the financial system, desperate to restore liquidity to battered markets. But by then the credit crunch was on—and after 12 months, it shows no signs of abating. The Financial Times looks at how risky US mortgages set off... More »

MORE ABOUT:
Wall Street • subprime mortgages • financial markets • global economy • credit crisis • mortgage backed securities • subprime crisis • financial crisis

analysis

Merrill Panic May Mark Bottom of Stock Market

Once regaled for cavalier confidence, CEO's chief cuts losses

Aug 1, 08 10:30 AM CDT
(Newser) - Merrill Lynch CEO John Thain has seen better days, Floyd Norris writes in the New York Times. He's gone from “cockiness to capitulation. Distinction to desperation.” Thain recently unloaded a bundle of his company’s securities for 22 cents on the dollar and raised $8.5 billion from... More »

MORE ABOUT:
Merrill Lynch • CDO • mortgage debt • mortgage backed securities • John Thain • financial sector • subprime crisis • stock offering • banking industry

 Mortgage Rates
 Surge to
 5-Year High 

Problems with Freddie, Fannie threaten further woes for housing market

Jul 23, 08 7:40 AM CDT
(Newser) - Mortgage rates rose yesterday to a 5-year high of 6.71% as investors worried that—even with government intervention—Fannie Mae and Freddie Mac wouldn’t play as big a role in the $12 trillion US mortgage market as in the past, reports the New York Times. The rising rates... More »

MORE ABOUT:
mortgage • Freddie Mac • Fannie Mae • mortgage rates • mortgage backed securities

ANALYSIS

Could-Have-Been-Worse News Now Cheers Wall Street

A year into crisis, analysts redefine once-shocking news as not so bad

Jul 23, 08 5:56 AM CDT
(Newser) - Yesterday's announcements of multibillion-dollar losses at Wachovia and Washington Mutual were only the latest poundings since the credit crisis took hold a year ago. Yet Wall Street, its expectations at rock bottom, cheered the reports because they could have been worse. Shares in WaMu, which posted a $3.3 billion... More »

MORE ABOUT:
subprime mortgages • Wachovia • recession • credit crisis • Washington Mutual • mortgage backed securities • quarterly results • financial crisis

 UBS Cuts 5,500 Jobs,
 Sells Off $15B in Assets 

Swiss bank prepares to lay off over 2,000 investment bankers

May 6, 08 5:52 AM CDT
(Newser) - UBS will cut 5,500 jobs, slightly fewer than expected, by the middle of 2009 as part of a major restructuring effort, the troubled Swiss bank said today in announcing an $11-billion first-quarter loss. Some 2,600 of the layoffs will be among investment bankers, mostly in London and New... More »

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layoffs • UBS • investment bankers • mortgage backed securities • BlackRock • subprime crisis

No 'Reward' For Borrowers, Lenders: McCain

GOP candidate blasts risky mortgages, nixes government bailout

Mar 25, 08 4:20 PM CDT
(Newser) - John McCain said today he opposes government action to bail out homeowners having trouble with their mortgages, the New York Times reports. McCain—who will receive Nancy Reagan's endorsement today—differentiated himself from both Democratic candidates, who have called for federal intervention, saying: “It is not the duty of... More »

MORE ABOUT:
John McCain • mortgage • Nancy Reagan • mortgage backed securities • subprime crisis • monetary policy

Investors Urge Reluctant Fed to Buy Mortgage Debt

Critics say plan would put too much risk on taxpayers

Mar 24, 08 12:50 PM CDT
(Newser) - The best way for the Fed to help reverse the sagging economy is for it to buy some of the $6 trillion in outstanding mortgage-backed securities that have Wall Street so nervous, investors say. The move would ease the credit crunch but put taxpayers at risk. It’s an option... More »

MORE ABOUT:
Bush administration • Ben Bernanke • Wall Street • Federal Reserve • Treasury Department • bond • mortgage backed securities • subprime crisis • credit market chaos • government backing

Hotline for At-Risk Loans Not So Helpful 

Subprime victims find Hope Now Alliance doesn't live up to billing

Mar 13, 08 3:46 PM CDT
(Newser) - A hotline aimed at helping distressed mortgage borrowers is frequently overwhelmed by caller volume and rarely able to provide substantive aid, MSNBC reports. The Hope Now Alliance—a group of lenders and community groups heavily promoted by President Bush—is designed to improve lender-borrower communication and modify mortgages, most commonly... More »

MORE ABOUT:
foreclosure • mortgage • mortgage backed securities • mortgage lender • subprime crisis • George W. Bush • securitized loan pools • New Hope Alliance

Feds Outline New, Tougher Credit Rules

Paulson pushes stricter standards for mortgage lenders

Mar 13, 08 6:51 AM CDT
(Newser) - A panel led by Treasury Secretary Henry Paulson is seeking a major overhaul of rules affecting mortgage lenders and a credit market decimated by risky subprime loans and loose oversight, the Wall Street Journal reports. Among panel recommendations to be released today:
  • Strengthen mortgage lender and broker oversight
  • Establish
... More »

MORE ABOUT:
Federal Reserve • Dow Jones • subprime mortgages • Henry Paulson • Fannie Mae • mortgage backed securities • subprime crisis • NYMEX

As Margin
Calls Mount, Carlyle Holds
'Crisis Talks'

Private equity giant's subsidiary imperiled

Mar 10, 08 12:40 PM CDT
(Newser) - The Carlyle Group is holding emergency talks with lenders to try to save its drowning Carlyle Capital division, the Washington Post reports. Creditors have decided that Carlyle’s portfolio of traditionally safe mortgage-backed securities holdings isn’t good enough in the current market, and they're demanding $400 million more... More »

MORE ABOUT:
private equity • Carlyle Group • credit market • mortgage loans • mortgage backed securities • housing crisis • subprime crisis

FBI Probes Countrywide
for Fraud

Feds seek evidence that subprime lender lied about quality of loans

Mar 9, 08 5:00 AM CDT
(Newser) - The FBI has launched a securities fraud investigation against subprime mortgage lender Countrywide Financial for allegedly lying to investors about its financial status and the quality of its mortgage loans, reports the Wall Street Journal. The probe could extend to Wall Street firms that helped package more than $100 billion... More »

MORE ABOUT:
FBI • Bank of America • federal investigation • home loans • Countrywide Financial • mortgage backed securities • subprime crisis • securities fraud

Goldman Analysts Warn of Next Crisis

Commercial real estate outlook even worse than subprime situation

Mar 3, 08 4:10 PM CST
(Newser) - Commercial real estate could be the next victim of the current economic downturn, and if it is, expect it to cause another full-fledged crisis, the Wall Street Journal reports. Commercial real estate values could fall as much as 26% over the next 2 years, Goldman Sachs analysts predict, leading to... More »

MORE ABOUT:
real estate • Citigroup • Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • mortgage backed securities • real estate values • commercial real estate • JPMorgan Chase

Shakeup May Signal E*Trade's Availability

New chairman could steer struggling brokerage toward buyer

Mar 3, 08 10:48 AM CST
(Newser) - E*Trade Financial, stung by mortgage- and mortgage-backed securities market losses, is adding CEO to chairman Donald Layton's duties. The company may be dolling itself up for a possible sale by polishing its tarnished image, the Wall Street Journal reports. Since Layton, 57, became chairman in November, the brokerage has rebounded... More »

MORE ABOUT:
online brokers • Citadel Investment Group • mortgage backed securities • subprime crisis • E*Trade • Donald Layton • TD Ameritrade • Charles Schwab Corp • JPMorgan Chase

Buffett Moves Into Insuring Muni Bonds

Company will aid local governments, profit
from credit crunch

Dec 28, 07 9:13 AM CST
(Newser) - Billionaire Warren Buffett is riding to the rescue of the municipal bond market—and taking advantage of an opportunity afforded by the credit crunch—by launching a municipal bond insurer, reports the Wall Street Journal. Berkshire Hathaway Assurance, which opens today in New York state, should make it cheaper for... More »

MORE ABOUT:
Warren Buffett • MBIA • mortgage backed securities • municipal bonds • Ambac Financial

Banks Face Simpler, Tougher Times

Effect of subprime crisis on bottom line shows no signs of abating

Dec 26, 07 3:03 PM CST
(Newser) - Investors waiting for the big banks to turn it around after 2007’s subprime debacle might be waiting a long time, the Wall Street Journal warns. The credit crunch has unraveled a complicated modern banking model that gave big firms nearly total balance sheet flexibility. “It was a... More »

MORE ABOUT:
subprime mortgages • credit crisis • mortgage backed securities • banking • balance sheets

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