Mortgage Assets news from FierceFinance

"It is sort of like the arsonist who sets fire to the house and then buys up the charred remains and resells it." That's what one critic of PennyMac--the firm formed by former Countrywide officials... Read more...

JPMorgan Chase has announced it will lay off roughly 12,000 employees as it digests Washington Mutual. According to the AP, the big bank, which some thought had weathered the crisis as well as any,... Read more...

Not too long ago, we were still talking about Goldman Sachs as the gilded bank that could do no wrong--the only investment bank to weather the credit crisis. But then it was forced to turn itself... Read more...

So is now the time to jump into distressed mortgage securities? A lot of funds thinks so, but some may have jumped a bit early. Fortress Investment Group has been lumped into the "a bit early"... Read more...

The spotlight shifted a bit from Fannie Mae and Freddie Mac right back to Lehman Brothers, leaving little room for others. But the New York Times managed to squeeze in Washington Mutual, whose stock... Read more...

We have a bit more clarity on the Lehman Brothers situation now that it has released preliminary third-quarter earnings and a peek at capital raising activity. The firm says it will sell a 55 percent... Read more...

The idea that we need a big failure to get past a financial crisis has long been out there. That's one reason a lot of people assumed that the Bear Stearns implosion signaled the worst was over. Of... Read more...

The two firms that arguably fared the best though the credit crunch--Goldman Sachs and JPMorgan Chase--might run into a bit of turbulence in... Read more...

Lone Star is not alone in buying up super discounted mortgage assets right now. Business Week Online notes a host of hedge funds and Read more...