Mortgage Securities News

Market

Remember ABX? Wall Street said to test new mortgage bond index

New York-based Vista Capital Advisors has been working on the project for several years with Intercontinental Exchange Inc

3 min read24 Jan 2017
Industry

Moody’s reaches $864 million subprime ratings settlement

Moody's agreed to pay almost $864 million to resolve a multiyear US investigation into credit ratings on subprime mortgage securities

4 min read14 Jan 2017
Companies

How Deutsche Bank’s big bet on Wall Street turned toxic

The $7 billion-plus penalty illustrates the extent of its decline since 2008 financial crisis when its then CEO claimed it was one of the 'strongest banks in the world'

4 min read25 Dec 2016
Market

RBS will pay $1.1 billion in settlement over mortgage securities

RBS says the settlement cost is 'substantially' covered by provisions it's made, and it won't have a material impact on the bank's capital

1 min read28 Sep 2016
Companies

RBS sees $5.2 billion asset value hit, clouding dividend

Measures to plug a pension deficit will hurt the tangible net asset value by 1.6 billion in the Q4, previous wrongdoings to cost about 2 billion

4 min read27 Jan 2016
Industry

Goldman in deal worth $1.2B over US bond claims

Under the settlement, Goldman will pay about $1 billion to Fannie and $2.15 billion to Freddie for the securities it sold

2 min read25 Aug 2014
Companies

Bank of America offers $13 billion to settle mortgage probe: report

The bank met US justice department representatives on Tuesday, but no progress was made toward a final deal, says the report

1 min read16 Jul 2014
Companies

Citigroup may pay $7 billion to resolve US mortgage probes

An announcement of the settlement could come as early as next week, according to a source

1 min read9 Jul 2014
Industry

Bank of America $8.5 bn settlement heads for court showdown

Trustee BNY Mellon to present case for deal approval

2 min read3 Jun 2013
News

S&P urges judge to dismiss US ratings fraud suit

S&P says in a filing on Monday that US government lawyers overreached in their attempt to target the company

3 min read23 Apr 2013
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