Search for: "Lehman Mortgage Trust" Results 61 - 80 of 117
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1 Nov 2010, 3:00 am by LindaMBeale
  Certificate holders were "beneficial owners" of the mortgage assets of the trust for tax purposes, though the Trust, or the trustee on behalf of the trust, would hold legal title to the mortgage loans. [read post]
4 Oct 2010, 8:16 am by Rich Vetstein
Option One then assigned the Ibanez mortgage to Lehman Brothers Bank, FSB, which assigned it to Lehman Brothers Holdings Inc., which then assigned it to the Structured Asset Securities Corporation, which then assigned the mortgage, pooled with approximately 1,220 other mortgage loans, to U.S. [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]
27 Aug 2010, 11:07 am by Mandelman
  Because the mortgages are all pooled, if one person doesn’t make their mortgage payment, the impact to any one of the investors in the bonds is minimal. [read post]
18 Aug 2010, 4:53 pm by James Hamilton
Off-balance sheet accounting facilitated the spread of the bad loans, securitizations, and derivative transactions that brought the financial system to the brink of collapse.For example, said the senators, Citigroup reportedly kept $1.1 trillion worth of assets off its books in various financing vehicles and trusts that were used to handle mortgage-backed securities and issue short-term debt. [read post]
16 Aug 2010, 2:32 am by Kevin LaCroix
(whose operating bank failed the same day as PFF Bank & Trust) was dismissed with prejudice. [read post]
9 Aug 2010, 3:10 pm by Page Perry LLC
Investors in such notes issued by Lehman Brothers and sold by firms like UBS lost all or most of their principal when Lehman went bankrupt. [read post]
25 Jun 2010, 9:22 am by James Hamilton
Investors were afraid to trade as Bear Stearns, AIG, and Lehman Brothers failed because any new transaction could expose them to more riskIn an effort to address the systemic risk to the financial markets posed by derivatives, the Senate legislation would mandate, for the first time, the federal regulation of derivatives under a dual SEC-CFTC regime that emphasize transparency. [read post]
20 May 2010, 5:15 am by Mandelman
“(Wall Street’s bankers) used huge balance sheets to place bets in brand new financial markets, stirring together complex derivatives with exotic mortgages in a toxic brew that ultimately poisoned the global economy. [read post]
14 Apr 2010, 3:55 am by Mandelman
  That’s $35,000 to put together the paperwork needed to process a loan and then dump it on… let’s say, Lehman Bros. or Citibank… or JPMorgan… or whomever. [read post]
12 Apr 2010, 10:48 am by Celeste Blackburn
The Devil’s Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers by Vicky Ward. [read post]
1 Mar 2010, 1:14 am by Kevin LaCroix
  Background Plaintiffs had purchased the mortgage back securities that Lehman Brothers issued in August 2005 and August 2006. [read post]
22 Feb 2010, 6:10 am by Mark J. Astarita, Esq.
Last week, investors scored another victory in Lehman related litigation - a federal court judge in New York denied, in part, a motion to dismiss a class action complaint against Lehman, its affiliates, and certain individuals who signed registration statements for the offering statements for one group of Lehman offerings.The complaint seeks damages for alleged violations of the Securities Act of 1933 in the issuance, distribution and sale of over ninety separate offerings… [read post]
19 Feb 2010, 5:28 am
Residential Asset Securitization Trust 2006-A8 et al. and In re: IndyMac Securities Litigation -- but without issuing detailed written opinions.Similar to In re: Lehman Mortgage-Backed Securities Litigation (a discussion of the decision can be found here),  the complaints in both Tsereteli and Indymac alleged that the Ratings Agencies were "underwriters" within the meaning of Section 11(a)(5) of the Securities Act and "sellers" within the… [read post]
12 Feb 2010, 12:51 am by Mandelman
 She’s been in-house counsel at places like Lehman Bros., Option One, and others I don’t like mentioning. [read post]
1 Feb 2010, 12:35 am
 District Court for the Southern District of New York dismissed the Securities Act of 1933 causes of action (Sections 11, 12, and 15) against McGraw Hill and Moody's (the "Rating Agencies") in In re: Lehman Brother Mortgage Backed Securities Litigation. [read post]
23 Jan 2010, 8:20 pm by Mandelman
  Julie’s an expert in areas like Truth in Lending and RESPA, and has worked as in-house counsel for institutions ranging from Lehman Bros. to Option One. [read post]