mortgage-backed securities

Fed Expands Asset Purchases to Boost Markets
Risk & Compliance

Fed Expands Asset Purchases to Boost Markets

“We are now in QE infinity, again,” a CIO says after the Fed announced unlimited asset purchases in response to the coronavirus crisis.
By Matthew Heller | March 23, 2020
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Nomura to Pay Misled Bond Customers $25 Million
Risk & Compliance

Nomura to Pay Misled Bond Customers $25 Million

The SEC said traders made misleading statements and the bank failed to properly monitor them.
By Lauren Muskett | July 16, 2019
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RBS to Settle RMBS Claims for Record $4.9B
Risk & Compliance

RBS to Settle RMBS Claims for Record $4.9B

The Justice Department says the penalty is the largest it has ever imposed for financial crisis-era misconduct at a bank.
By Matthew Heller | August 15, 2018
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RBS Settles California MBS Case for $125M
Risk & Compliance

RBS Settles California MBS Case for $125M

“RBS decided to mislead California’s pension funds in order to line its own pockets — plain and simple,” California's attorney general says.
By Matthew Heller | December 26, 2017
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Ex-Deutsche Trader Accused of RMBS Fraud
Risk & Compliance

Ex-Deutsche Trader Accused of RMBS Fraud

The bank's former head of subprime trading allegedly misrepresented the quality of securitized loans to protect Deutsche's bottom line and his own salary.
By Matthew Heller | September 12, 2017
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RBS Settles Suit Over Toxic RMBS for $5.5B
Risk & Compliance

RBS Settles Suit Over Toxic RMBS for $5.5B

"This settlement is a stark reminder of what happened to this bank before the financial crisis," the bank's CEO says.
By Matthew Heller | July 12, 2017
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U.S. Sues Barclays Over $30B in Toxic RMBS
Risk & Compliance

U.S. Sues Barclays Over $30B in Toxic RMBS

Due diligence vendors described some of the loans underlying the securities as having the “distinct aroma of default.”
By Matthew Heller | December 22, 2016
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Pimco Fined $20M for Overvaluing Securities
Risk & Compliance

Pimco Fined $20M for Overvaluing Securities

The SEC says Pimco pursued a pricing strategy that misled investors about the initial performance of an exchange-traded fund in 2012.
By Matthew Heller | December 2, 2016
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RBS Agrees to $1.1B Settlement of MBS Claims
Risk & Compliance

RBS Agrees to $1.1B Settlement of MBS Claims

The regulator of federal credit unions has now recovered $4.3 billion from financial institutions over sales of toxic mortgages.
By Matthew Heller | September 28, 2016
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JPMorgan to Pay Insurer $995M in MBS Case
Risk Management

JPMorgan to Pay Insurer $995M in MBS Case

The settlement “validates our resolve and reinforces our confidence in our remaining RMBS-related cases," said Ambac's CEO.
By Matthew Heller | January 26, 2016
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Goldman Sachs Profit Falls on Legal Costs
Investment Banking

Goldman Sachs Profit Falls on Legal Costs

The $5.1 billion settlement of charges related to the sale of mortgage-backed securities contributed to a 65% drop in fourth-quarter profit.
By Katie Kuehner-Hebert | January 20, 2016
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Mortgage Loan Servicer Under Siege
Risk & Compliance

Mortgage Loan Servicer Under Siege

Mortgage-backed securities investors jump on the bandwagon and accuse Ocwen Financial of mishandling loan modifications.
By Katie Kuehner-Hebert | January 27, 2015
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