Search for: "RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC"
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20 Feb 2023, 4:46 am
The subsequent production allegedly omitted key records including closing statements and bank records, and in general raised more questions. [read post]
27 Jul 2021, 9:38 am
Franklin BSP Realty Trust, the new company, will reportedly transition the capital base of Capstead, a residential mortgage REIT, into commercial mortgage loans where Benefit Street Partners is focused, according to the announcement. [read post]
17 Jan 2020, 11:14 am
GE misrepresented the quality of the loans as well as their internal quality and fraud controls for residential mortgage-backed securities through its subsidiary WMC Mortgage. [read post]
12 Apr 2019, 2:35 pm
Oftentimes debtors who have faced a job loss fear that filing bankruptcy will endanger the earnings and/or assets of their non-filing spouse. [read post]
26 Dec 2017, 7:08 pm
PHH Mortgage admitted that it had originated and endorsed residential mortgages as eligible for federal insurance by the FHA that did not meet underwriting requirements intended to reduce the risk of default. [read post]
25 Aug 2017, 12:56 pm
There are warning signs that we could well see a return of the asset backed security debacle, but this time the driving engines (pun intended) are sub-prime auto loans instead of residential mortgages. [read post]
25 Apr 2015, 6:24 am
Katke and other members of RBS’s Asset Backed Products division traded fixed income investment securities in residential mortgage-backed securities (RMBS) and collateralized loan obligations (CLOs) through RBS trading floor. [read post]
12 Mar 2015, 12:33 pm
From the Desk of Jim Eccleston at Eccleston Law LLC:Matthew Katke, a former registered broker and managing director at RBS Securities Inc., pleaded guilty to participating in a multimillion dollar securities fraud scheme between April 2008 and August 2013.According to FINRA, Katke and other members of RBS’s Asset Backed Products division traded fixed income investment securities, such as residential mortgage-backed securities (RMBS) and… [read post]
3 Feb 2015, 5:17 pm
News release: “Attorney General Eric Holder announced today that the Department of Justice and 19 states and the District of Columbia have entered into a $1.375 billion settlement agreement with the rating agency Standard & Poor’s Financial Services LLC, along with its parent corporation McGraw Hill Financial Inc., to resolve allegations that S&P had engaged in a scheme to defraud investors in structured financial products known as Residential… [read post]
25 Oct 2012, 10:09 am
Romero, the Special Inspector General for the Troubled Asset Relief Program (“SIGTARP”), announced today that the United States has filed a civil mortgage fraud lawsuit against BANK OF AMERICA CORPORATION (“BANK OF AMERICA”) and its predecessors Countrywide Financial Corporation and Countrywide Home Loans, Inc. [read post]
9 Jul 2012, 11:32 am
About the Mortgage Monitor LPS manages the nation's leading repository of loan-level residential mortgage data and performance information on nearly 40 million loans across the spectrum of credit products. [read post]
26 Jun 2012, 3:08 pm
Kaplan has approved a $40 million class action settlement in the residential mortgage-backed securities lawsuit against three individuals who used to be affiliated with Lehman Brothers Holdings Inc. [read post]
28 Apr 2012, 8:50 pm
Meantime, Morgan Stanley has been battling other residential mortgage-backed securities lawsuits. [read post]
18 Apr 2012, 9:15 am
These are the “toxic assets” that then Treasury Secretary Hank Paulson was planning to buy with the TARP funds… until he realized that banks wouldn’t sell them at a discount, and that it would be political suicide for him to buy them at face value. [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]
2 Apr 2012, 6:15 am
What follows below are slides from an actual presentation of a Residential Mortgage-backed Securities – RMBS/REMIC deal… but NOT the slides from a “road show” presentation to potential investors… what you’re about to see are slides from an INTERNAL meeting that was actually held back in February of 2006 when WMC Mortgage’s management presented the company’s second RMBS securitization deal to the management from parent… [read post]
10 Feb 2012, 1:25 pm
Mortgage-Backed Securities: Residential and Commercial The underlying collateral of mortgage-backed securities may be difficult to ascertain, and some lack a robust secondary market. [read post]
1 Feb 2012, 9:07 am
CDOs are pools of assets such as mortgage bonds packaged into new securities. [read post]
12 Jan 2012, 10:40 am
AMVP Diversified AMVP AMLI Residential Properties Trust AML Apartments AML AMRESCO AMMB MortgageCom AMMB Angeles Mortgage Investment Trust ANM MortgageCom ANM Annaly Mortgage NLY MortgageCom NLY Answorth ANH MortgageRes ANH Anthracite Capital Inc. [read post]
15 Dec 2011, 6:14 am
While pundits continue to debate the reasons for the financial crisis, likely contributors have been identified as including poorly-underwritten subprime residential mortgages and the meltdown of “CDOs” and credit default swaps based on those mortgages, the high level of leverage employed by banks and other financial institutions and other “risky or exotic” consumer financial products taxing consumer’s buying power. [read post]
