Search for: "Wells Fargo Mortgage Backed Securities 2007-14"
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15 Aug 2012, 8:25 am
According to the SEC's Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Section 8a of the Securities Act of 1933, Section 15(B) of the Securities Exchange Act of 1934, and Section 9(B) of the Investment Company Act of 1940, Making Findings and Imposing Remedial Sanctions and a Cease-and-Desist Order dated August 14, 2012 ("Order"), Wells Fargo and McMurty recommended and sold municipalities and non-profit… [read post]
9 Jun 2009, 2:13 pm
The SEC charged that Evergreen began repricing the securities after its valuation committee learned on June 10, 2008 that the portfolio managers had known since March about problems with a certain mortgage-backed security but had failed to disclose it to the committee. [read post]
7 Apr 2011, 10:56 pm
Wells Fargo Securities now manages Wachovia. [read post]
6 Apr 2011, 11:28 am
Residential Mortgage-Backed Securities (andquot;RMBSandquot;) are a complex, highly-leveraged structured products backed by residential mortgages. [read post]
14 Aug 2012, 3:36 pm
According to the Commission, Wells Fargo engaged in the improper sale of asset-backed commercial paper that had been structured with risky collateralized debt obligations and mortgage-backed securities to non-profits, municipalities, and other clients. [read post]
30 Aug 2012, 2:43 pm
Citigroup in $590 million settlement of subprime lawsuit, The New York Times, August 29, 2012 Citi's $590 million settlement: Where it ranks, August 29, 2012 Citigroup to Pay $25 Million to Settle MBS Lawsuit, American Banker, August 31, 2012 Citigroup Said To Pay $75 Million To Settle SEC Subprime Case, Bloomberg, July 29, 2010 More Blog Posts: Amerigroup Shareholders Claim Goldman Sachs Advisers’ Had Conflicts of Interest That Influenced $4.5B Sale of Company to WellPoint,… [read post]
8 Jan 2011, 2:30 pm
“It may mean investors who think they bought mortgage- backed securities bought securities that aren’t backed by anything,” said Kurt Egger [read post]
13 Apr 2012, 11:49 am
The Commission is investigating Wells Fargo’s sale of nearly $60 billion in residential mortgage-backed securities ("RMBS") to investors. [read post]
13 Sep 2012, 7:45 pm
Litig., S.D.N.Y., No. 07 Civ. 9901 (SHS), 8/29/12 (PDF) More Blog Posts: Wells Fargo Securities Settles for Over $6.5M SEC Charges Over Allegedly Improper Sale of ABCP Investments with Risky MBS and CDOs, Institutional Investor Securities Blog, August 14, 2012 Citigroup’s $285M Mortgage-Related CDO Settlement with Raises Concerns About SEC’s Enforcement Practices for Judge Rakoff, Institutional Investor Securities Blog,… [read post]
1 Oct 2012, 1:13 am
” As I noted at the outset, this settlement eclipses by far any other settlement of a subprime meltdown or credit crisis-related securities class action lawsuit, far exceeding what had until now had been the largest of the financial crisis lawsuits, the $627 Wells Fargo/Wachoia Bondholders securities suit settlement (about which refer here). [read post]
4 Oct 2010, 8:16 am
“It may mean investors who think they bought mortgage- backed securities bought securities that aren’t backed by anything,” said Kurt Egger [read post]
31 Dec 2017, 5:12 pm
Did two justices on the Houston Court of Appeals just do Wells Fargo a big favor by preempting the Texas Supreme Court in gutting the statute of limitations? [read post]
21 Feb 2017, 1:58 pm
Banks then used these risky mortgages to underwrite highly-profitable mortgage-backed securities — bundled mortgages — which hedge funds and other investors later bought and sold, further stoking demand for ever-riskier mortgages at ever-higher interest rates. [read post]
29 Feb 2016, 4:43 pm
This past year was an eventful one in the corporate and securities litigation arena, with the U.S. [read post]
31 Dec 2017, 5:12 pm
Did two justices on the Houston Court of Appeals just do Wells Fargo a big favor by preempting the Texas Supreme Court in gutting the statute of limitations? [read post]
18 Apr 2011, 8:41 pm
Of the homeowners who failed to get their loans permanently modified under the federal government’s HAMP program, only 14 percent were granted in-house modifications by Bank of America, compared with 31 percent at JPMorgan Chase, 27 percent at Citibank, and 40 percent at Wells Fargo. [read post]
18 Apr 2012, 9:15 am
” Investors lost trust… During the summer of 2007, investors around the world lost trust in the mortgage-backed securities and their complex derivatives. [read post]
21 Jul 2008, 2:41 pm
Most of Morgan Stanley's writedowns stemmed from a single failed trading strategy, rather than broad exposure to mortgage-backed securities; Mack responded by firing the head of trading and replacing the chief risk officer, which helped assuage investor concerns. [read post]
11 May 2011, 6:51 am
This year’s decline in bankruptcies may result in part from the slowdown in home-mortgage foreclosures resulting from lenders’ back-office paperwork. [read post]
