Search for: "Securitized Asset Backed Receivables" Results 101 - 120 of 219
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6 Oct 2011, 5:00 am by Doug Cornelius
I think the rating agencies have not received enough of the blame. [read post]
23 Sep 2011, 6:21 pm by Mandelman
Weren’t the banks at risk of becoming insolvent because they had hundreds of billions in “toxic assets” on and off their balance sheets… assets called CDOs that were based on the same improperly rated and leveraged mortgage-backed securities that the bankers had not only sold to investors around the world but bought as well… assets that became worthless when no one trusted the ratings or the bankers anymore? [read post]
12 Sep 2011, 10:32 am by Erik Gerding
In one series of interpretations, the OCC gradually and creatively re-interpreted the Glass Steagall Act to allow banks to participate in securitization whether through investment, securitizing their own assets, or dealing in asset-backed securities. [read post]
12 Sep 2011, 8:18 am by Erik Gerding
In one series of interpretations, the OCC gradually and creatively re-interpreted the Glass Steagall Act to allow banks to participate in securitization whether through investment, securitizing their own assets, or dealing in asset-backed securities. [read post]
12 Sep 2011, 6:06 am
Wells Fargo, the fourth largest U.S. bank by assets, has announced it may be forced to buy back an additional $1.8 billion in failed mortgages, on top of the already billions of repurchase calls it has already received. [read post]
9 Sep 2011, 11:54 am by admin
The suit, which Deutsche Bank National Trust Co. filed in 2009 as trustee for more than 100 securitization trusts, claims the FDIC, as Washington Mutual’s receiver, is on the hook for Washington Mutual’s breach of contracts that govern those trusts. [read post]
30 Aug 2011, 7:44 am by Kara OBrien
Asset-Backed Securities In March 2001, the SEC, along with other federal regulators, issued a proposed rule on credit risk retention in securitizations. [read post]
15 Aug 2011, 2:00 am by Kara OBrien
I just received an Alston & Bird memo discussing this comprehensive rulemaking package. [read post]
11 Aug 2011, 3:53 pm by Eva Arevuo
In one such suit, AIG has sued Bank of America, the largest bank holding company by assets in the United States, over alleged fraud in hundreds upon hundreds of mortgage backed securities. [read post]
29 Jul 2011, 5:23 pm by Mandelman
  Not only do few of the applicable statutes provide for a private right of action, but even fewer allow the winner to receive attorneys’ fees from the loser. [read post]
21 Jun 2011, 10:17 am
The Securitization Chain Mortgage-backed securities are generally set up to be "bankruptcy remote. [read post]
8 Jun 2011, 5:54 am by Frank Pasquale
Simkovic explains these steps: In an asset securitization, the debtor (or “Originator,” the term typically used in documentation) transfers financial assets such as credit card receivables or mortgage receivables to a special purpose entity, or SPE, typically a wholly-owned subsidiary of the debtor. [read post]
2 Jun 2011, 7:43 am by admin
Asked about the prospects for the securitization markets, Bair said it would be good for securitization to come back, but only if it were “solid, safe and sustainable. [read post]
25 May 2011, 4:46 pm by Mandelman
Securitization is the process of packaging loans into securities that are then be sold to investors, called Asset Backed Securities (or ABS). [read post]
23 May 2011, 5:29 am by Mandelman
  We’ve lost millions of homes… and by that I mean 7-8 million homes with a couple million more having received default notices. [read post]
18 May 2011, 10:06 am by James Hamilton
The structure of the European risk retention regime is fundamentally different than US regulation, he noted.While U.S. regulation applies to issuers of ABS, the European rules apply to European Economic Area credit institutions that invest in asset-backed securities. [read post]
11 May 2011, 9:01 pm by Kevin LaCroix
In a May 11, 2011 opinion (here), a three-judge panel of the Second Circuit affirmed the dismissal of rating agency defendants in litigation filed under the Securities Act of 1933 and involving mortgage-related securities issues by Lehman Brothers and IndyMac and the Residential Asset Securitization Trust (RUST). [read post]
3 May 2011, 8:27 am by Kara OBrien
This becomes an issue when trust rights, securitizations and/or liquidated/foreclosed assets are involved. 2. [read post]