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23 Nov 2010, 9:24 am by Mandelman
(You see, it’s important to understand that the harder it is to value something, the more a Wall Street investment bank can charge to put the deal together and make a market for whatever it is. [read post]
19 Nov 2010, 1:55 pm by Mandelman
Yeah, I know… it’s been several months since my last Monthly Museletter. [read post]
17 Nov 2010, 8:13 am by Alan Petrillo
In a November 2 Wall Street Journal article, reporter Carolyn Cui wrote that “math geeks and altruists are forging unlikely alliances in the quest for better investment returns. [read post]
14 Nov 2010, 5:25 pm by Frank Pasquale
Lehman and other Wall Street powers provided the financial backing and sheen of respectability that transformed subprime from a tiny corner of the mortgage market into an economic behemoth capable of triggering the worst economic crisis since the Great Depression. . . . [read post]
7 Nov 2010, 2:53 pm by Big Tent Democrat
We've got to stem the tide of failing mortgages and give the markets time to recover. [read post]
5 Nov 2010, 1:11 am by Kevin LaCroix
The reports were titled "Holding Wall Street Accountable. [read post]
21 Oct 2010, 7:04 am by Dennis Hursh
The weaker a corporate borrower’s financial condition, the more it must pay in yield to attract investors. [read post]
10 Oct 2010, 8:11 am by Mandelman
The thing that should be noted is that last June, one of JPMorgan Chase’s “robo-signers” testified to the same sort of thing that the GMAC/Ally manager did recently, but I guess since our housing markets had recovered as of last June and our economy was well on its way back to jobless prosperity, no one cared. [read post]
4 Oct 2010, 8:49 am by Kara OBrien
CFTC: Owens says it is a “brave new world” for the CFTC with their new authority over the massive swaps/derivatives market. [read post]
4 Oct 2010, 8:16 am by Rich Vetstein
Bank, as trustee for the Structured Asset Securities Corporation Mortgage Pass-Through Certificates, Series 2006-Z. [read post]
2 Oct 2010, 7:08 am by Rich Vetstein
Justice Cordy, a former big firm corporate lawyer, chastised lenders and their Wall Street lawyers for “the utter carelessness with which the plaintiff banks documented the titles to their assets. [read post]
24 Sep 2010, 7:00 am by Kara OBrien
State Street Bank and Trust Company, No. 1:10-CV-10172 (District of Massachusetts, filed February 4, 2010): In this case, the SEC charged State Street with securities law violations for misleading investors during the subprime mortgage crisis in 2007 about the extent of subprime mortgage-backed securities held in certain funds under its management, and then selectively disclosing more complete information about subprime investments to certain investors. [read post]
21 Sep 2010, 5:00 am by Doug Cornelius
Sources: Implementating Dodd-Frank Wall Street Reform and Consumer Protection Act — Upcoming Activity from the SEC Dodd-Frank Wall Street Reform and Consumer Protection Act from OpenCongress.org The SEC Releases a Timetable for Dodd-Frank Rulemaking by Ted Allen in the RiskMetrics Group’ Insight [read post]
18 Sep 2010, 6:29 am by Lawrence B. Ebert
But it is possible to refinance an existing home with a mortgage that has the same one-in-five chance of putting the family out on the street–and the mortgage won’t even carry a disclosure of that fact to the homeowner. [read post]
10 Sep 2010, 1:00 pm by Lucas A. Ferrara, Esq.
Inc Clayton Holdings, LLC Coalco Coldwell Banker Commercial NRT Colliers International Colony Heights LLC Commercial Mortgage Consultants Community Housing Improvement Program Community Preservation Corporation Con Edison Conquest Advisors, Ltd Core Group Marketing Cosmopolitan Associates LLC DDG Partners LLC Deutsche Bank Berkshire Mortgage Deutsche Bank Donovan & Giannuzzi, LLP Dorsett Properties Douglas Elliman Property… [read post]
3 Sep 2010, 8:50 am
For any questions or more information on these or any related matters, please contact any attorney in the firm’s corporate and securities practice group. [read post]
27 Aug 2010, 11:07 am by Mandelman
  After all, stocks can go up and down with the tide, but bonds are IOUs from corporations or the government. [read post]
12 Aug 2010, 8:16 pm
” Whalen is the one who predicted a little over three years ago that the mortgage-backed securities market was going to collapse. [read post]