Tag:
Mortgage Bonds
Latest Headlines
Latest Headlines
Legal liability mounting for top banks
The legal liability of the top 17 banks went up measurably when the Federal Housing Finance Authority, created to oversee the big GSEs, sued in September, accusing the banks of misrepresenting the quality of billions of dollars worth of consumer mortgages.
We're starting to get a glimpse of j
Is PIMCO too powerful?
Fortune says this about Bill Gross, the outspoken founder of PIMCO: "Is the bond king too big? Does he have Washington--and us--over a barrel?" No doubt it had a great 2008, a year in which many fund managers faltered. It bet correctly on mortgage bonds backed by Fannie and Freddie and outperf
Tricky terrain: Distressed mortgage assets
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" category. But for Bryan Caisse, an 18-year veteran of the mortgage markets, the time is now. He is launc
