Mortgage-backed securities (MBS)
UBS 'unethical' in mortgage-backed securities pricing
UBSGAM settles SEC mispricing charges for $300,000
Lifetime achievement award: Lance Uggla
Risk awards 2012
NCUA sues Goldman Sachs for $491 million
Bank mis-sold mortgage-backed securities to credit unions, regulator says
BAML's Lipton: discrete models essential to cut CVA computation costs – Video
Top quant says a CVA model that is 80% accurate but takes 20% of the time is "very attractive"
New York Fed RMBS sales go smoothly
Auctions of AIG legacy portfolio delivering a solid result for the Fed
Charles Schwab companies pay $118 million to settle SEC charges, case against execs continues
Charles Schwab in $118m SEC settlement
US foreclosures crisis is result of 'overall operational failure'
Imprudencies of scale
RMBS holders in court battle over breaches of reps and warranties
Courting trouble
Fadel to lead structured DCM at Jefferies
Fadel to lead structured DCM at Jefferies
Congress raises alarm on US mortgage fraud risk
Tarp oversight panel warns that bank incompetence threatens financial system
Banks face suit over mis-sold subprime loans
Cambridge Place Investment Partners accuses 15 banks of mis-selling.
FOMC pledges to maintain scale of asset purchases
Federal Reserve fails to announce additional quantitative easing but pledges to keep size of purchases at current levels; calls for more easing spurred by weak jobs data
Bear bailout vehicle turns first paper profit
Federal Reserve balance sheet data shows Bear Stearns’ assets held in Maiden Lane vehicle made a paper profit for first time since its inception
Europe hikes capital rules, slashes banker bonuses
Legislation adopted by European Parliament requires banks hold up to four times more capital to protect against trading risk; half of bankers’ bonuses to be paid in contingent capital
Redwood reopens US non-agency RMBS market
Redwood Trust’s jumbo RMBS issuance – the first US non-agency deal for two years – met with strong demand. But will that be enough to entice other private issuers to tap the market?
MBS investors need to choose their servicer wisely: Joseph Mason column
Having the right servicer in place is critical in maximising the recovery value of distressed loans in mortgage-backed portfolios.
Rating agencies under fire again in Congress
Research due to be presented today to a Senate subcommittee shows major rating agencies gave optimistic credit ratings to keep profits high.