How many hedge funds illegally foreclosed on homeowners and fraudulently conveyed false documentation to mortgage security trusts?
FORBES: Insider Trading: Can An Average Investor Find Comfort In The Latest Probe?
Whatever the motivation, though, it may well be a private lawyer that moves Wall Street, and America, past the mortgage security mess.
The loan must be directly held by Chase (or the other four participating lenders), not packaged into a mortgage security and sold.
Steve DeLaney of JMP Securities says REITs can borrow against 95% to 97% of a government-backed mortgage security's value in the repo market.
WSJ: HEARD ON THE STREET: Debt Ceiling's Overlooked Flash Crash
Many commercial properties still are suffering from high vacancy and low demand, and the resulting defaults have caused losses for some commercial-mortgage security investors.
If an investor can't count on the terms of a mortgage security at the time he buys it, he has less incentive to continue investing in them in the future.
Homeowners say banks wrongly foreclosed on them while mortgage security investors have been on the offensive claiming banks have not held up their end of the bargain regarding quality of investments.
FORBES: $25 Billion Later Bank Of America, Wells Fargo Still Face Mortgage Trouble From NY AG
Does anyone remember mortgage security derivatives and credit-default swaps?
However, the two companies cannot simply be allowed to fail, as other banking institutions have following the mortgage security crisis, as Fannie and Freddie, along with the Federal Housing Administration, now hold more than 90% of federal home loans.
FORBES: Fannie and Freddie's Recovery Could Cost $685 Billion
Mary Hobbs, 69, is closing on a reverse mortgage with Security One Lending of San Diego for her three-bedroom home in a retirement community in Lincoln, Calif.
The investment company is currently in a legal battle with another major fund company, BlackRock, against Bank of America over its losses in the 2008 mortgage backed security blowout.
FORBES: 'Occupy Wall Street' Gaining Respect...From Wall Street?
These three are credited as the fathers of the mortgage-backed security and the process of securitization.
FORBES: You Are There: A Review of "All The Devils Are Here"
Now, more on something that Congressman Blunt alluded to, how do you place a value on a mortgage-backed security when there's no market for it?
It is one thing to assess the effects of modifying terms on a single mortgage-backed security, which is likely to have one firm servicing it.
For that reason, it's not as risky as a mortgage-backed security.
In its role as conservator of Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSE) that have been kept afloat with billions of taxpayer dollars since 2008, the FHFA noted that it has not filed suit against every issuer, nor on every private label mortgage-backed security (PLS) purchased by one of the GSEs.
Mr. REED: The person left holding the buck is going to be the investor at the other end of the table, the person who's - or the company, typically, a hedge fund or something like that who has bought that mortgage paper, that security or that bond from the company that lent you the money originally.
And it used additional shares as security for a mortgage on a new home.
These rates are comparable with those provided for mortgage loans, but neither was backed by a security.
ECONOMIST: Embarrassing new details about loans are revealed
Rating agencies are gun-shy about any new security, given their roles in the subprime mortgage crisis.
When I first began saving for a house, I envisioned a piggy bank, in which each monthly mortgage payment was an investment into building long term wealth and financial security.
An across the board deduction for mortgage interest could go a long way to help low income, Social Security drawing seniors.
Transferring the credibility and credentials of the institution to the individual gives consumers a sense of comfort and security that eases the requisite leap of faith when choosing a mortgage lender.
FORBES: A Look Behind The Curtain: How To Choose A Mortgage Lender
Using an ERP, the owner remains on title to the real estate or business, whilst a third party depletes its value, typically through a bogus mortgage or some other arrangement whereby the asset is used as collateral or security for a debt.
"We had endeavoured to obtain further detail from Mr Green to support Graf Mortgage Corporation's plan and allow us to assess its viability to ensure the long-term security of employment for the workforce, " said the spokesman.
应用推荐