U.S. securities regulators accused six former executives at mortgage firms Fannie Mae and Freddie Mac of playing down the risks to investors of the firms' foray into subprime loans.
After flickering to life early in 2011, the market for subprime- and other risky residential-mortgage bonds has returned to its comatose state. And many investors believe a revival could be years away.
Five Wall Street banks have been invited to bid this week for another multibillion-dollar bundle of risky mortgage bonds held by the Federal Reserve Bank of New York as a result of its 2008 rescue of American International Group Inc.
Federal securities regulators plan to warn several major banks that they intend to sue them over mortgage-related actions linked to the financial crisis, according to people familiar with the matter.
The Securities and Exchange Commission's lawsuits against six top executives of Fannie Mae and Freddie Mac, announced last week, are a seminal event.
More people are buying cars, manufacturers reported today. And that may be because loosening lending standards are making it easier for more people to get car loans, experts say.
SAN FRANCISCO (MarketWatch) — The Securities and Exchange Commission on Friday accused six former executives at government-backed mortgage giants Fannie Mae and Freddie Mac with securities fraud for their role in understating subprime loan ...
Democrats have spent years arguing that private lenders created the housing boom and bust, and that Fannie Mae and Freddie Mac merely came along for the ride. This was always a politically convenient fiction, and now thanks to the unlikely ...
Two former hedge-fund managers at Bear Stearns Cos. agreed to a settlement with the Securities and Exchange Commission that would avert a civil trial over allegations related to a $1.6 billion blowup during the financial crisis.
NEW YORK—Trading in the riskiest mortgage-backed securities has more than doubled since the start of the year, encouraging once-shy investors to try to strike deals with motivated sellers, including the Federal Reserve Bank of New York.
As the nation's banks and financial firms emerge from the wreckage of the financial crisis, they are working out how best to lend to people with tarnished credit.
You'd think Lanny Breuer, head of the criminal division of the U.S. Department of Justice, would want to avoid a panel discussion called "Crooks on the Loose? Did Felons Get a Free Pass in the Financial Crisis?"
By Melodie Warner The Financial Industry Regulatory Authority, or Finra, fined Barclays PLC's investment-banking division $3 million for misrepresentations related to residential subprime mortgage-backed securitizations.
November Hedge Funds: Best, Worst, Biggest Given the choice between playing paddle tennis in subzero temperatures near his Minnesota home or spending a Saturday morning in comfort, Steve Kuhn doesn't hesitate: He'll play paddle tennis.
Trading the foreign exchange 'majors' used to be so simple. For a decade or so, until the word 'subprime' started to be whispered, and then screamed, developed economies grew nice and steadily. Inflation, meanwhile, was nowhere to be seen.