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17 May 2010, 8:43 am
And this could potentially invite competition into the industry, dominated by the three SEC-designated Nationally Recognized Statistical Rating Organizations. [read post]
17 May 2010, 6:45 am by Mandelman
Docx parent company, Lender Processing Services, said in a filing with the Securities and Exchange Commission that its subsidiary made an “error in the notarization of certain documents, some of which were used in foreclosure proceedings across the country. [read post]
10 May 2010, 11:30 pm by Martin George
And not liquidators, whose task is to maximize a company’s assets by recovering its losses, or pursuing its debtors, or disputing disposals of its property. [read post]
8 May 2010, 2:26 pm by David Jacobson
Australian Consumer Law Stage 2: includes a new national legislative scheme for consumer product safety May 2011 New Personal Property Securities law commences. [read post]
3 May 2010, 9:08 pm
Apparently, Customs equates stopping the flow of narcotics with national security. [read post]
However, in the last 18 months, seemingly in response to the Great Recession, there have been some judicial developments that suggest a shift in the balance between openness to new, distress investment in troubled companies and orientations that may favor other stakeholders. [read post]
26 Apr 2010, 11:27 pm
As reported in the Miami Herald, many South Florida banks are taking a new and "nice" approach in an effort to hopefully secure payments from the borrowers that have fallen behind. [read post]
26 Apr 2010, 6:32 am
  The structured finance securities in question are complex debt instruments backed by pools of residential mortgages, many of which are subprime loans to home buyers with poor credit. [read post]
26 Apr 2010, 6:32 am
  The structured finance securities in question are complex debt instruments backed by pools of residential mortgages, many of which are subprime loans to home buyers with poor credit. [read post]
26 Apr 2010, 2:16 am by Kevin LaCroix
  During 2008 and 2009, Lincoln National had sustained heavy losses in its investment portfolio because of investments in mortgage-backed securities, structured investment products, and other derivative securities, including collateralized debt obligations. [read post]
25 Apr 2010, 6:34 pm
Effects On The 2007 CrisesThe effects of the 2007 mortgage crises is hard to ignore, considering almost everyone has felt its effects to some various degree. [read post]
23 Apr 2010, 4:58 am by Rebecca Tushnet
Financial: top priority over past few years is mortgage lending. [read post]
22 Apr 2010, 11:45 am by Mandelman
Banks, mortgage brokers, securities finns, hedge funds, and others were left holding suddenly unmarketable mortgage backed securities whose value began plummeting. [read post]
21 Apr 2010, 4:29 am by Sam E. Antar
SEC Complaint The SEC complaint filed against Goldman Sachs and Fabrice Tourre alleged that they committed securities fraud by marketing a portfolio of mortgage backed securities to investors known as ABACUS 2007-AC1. [read post]
19 Apr 2010, 4:29 pm by David Cosgrove
App. 1995) (finding that notes representing loan to company for operating expenses with fixed rate of return were not of such a nature that would lead the general public to consider them as securities).D. [read post]
19 Apr 2010, 2:26 am by Kevin LaCroix
  National Public Radio’s April 16, 2010 "All Thing Considered" report about the SEC's complaint against Goldman Sachs can be found below. [read post]
18 Apr 2010, 4:52 am by Sam E. Antar
The Lawsuit On Friday, the SEC filed its lawsuit against Goldman Sachs and Fabrice Tourre alleging that they committed securities fraud by failing to disclose to investors that a certain portfolio of mortgage backed securities was substantially picked by another customer who was betting against the viability of those same securities by taking a short position against it. [read post]
14 Apr 2010, 3:55 am by Mandelman
  It sure did for me… “The Subcommittee investigation found that the bank contributed to the financial crisis by making hundreds of billions of dollars in shoddy, high risk mortgage loans, packaging them, and selling them to investors as mortgage backed securities. [read post]
13 Apr 2010, 12:46 am by Moderator
In specific cases set out in Article 4 of the Directive, any entity established in a Member State to which interest is paid or for which interest is secured for the benefit of the beneficial owner is also considered a paying agent upon such payment or securing of such payment.Interest payment means: interest paid or credited to an account, relating to debt claims of every kind, whether or not secured by mortgage and whether or not carrying a right to participate… [read post]
9 Apr 2010, 7:01 am by admin
  The authority issued the debt insured by Financial Security Assurance Inc. and secured with Harrisburg’s pledge. [read post]