Search for: "Lehman Mortgage Trust"
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12 Mar 2008, 6:44 am
"[16] When the real estate market declined over the past year, and borrowers did not repay the mortgage loans or simply abandoned the properties, the lenders were faced with losses totaling more than $7 million.[17] Some of these lenders included some of the nation's largest commercial banks, such as a mortgage lending division of Washington Mutual as well as BNC Mortgage, a wholly-owned subsidiary of Lehman Brothers.[18] Additionally, there are… [read post]
12 Mar 2008, 10:56 am
"[16] When the real estate market declined over the past year, and borrowers did not repay the mortgage loans or simply abandoned the properties, the lenders were faced with losses totaling more than $7 million.[17] Some of these lenders included some of the nation's largest commercial banks, such as a mortgage lending division of Washington Mutual as well as BNC Mortgage, a wholly-owned subsidiary of Lehman Brothers.[18] Additionally, there are… [read post]
29 Jul 2011, 5:23 pm
The type of trust used in conjunction with mortgage-backed securities is called a REMIC trust… it’s an acronym that stands for Real Estate Mortgage Investment Conduit… and there are strict rules imposed by both the Internal Revenue Code and the Pooling and Servicing Agreements that govern the transfer of loans into such trusts. [read post]
4 Oct 2010, 1:54 am
" Countrywide Asset-Backed Certificates Trust: [read post]
20 Sep 2011, 1:07 am
The individual officers and directors of the Lehman subsidiary are trying to contend in the Lehman bankruptcy that they are entitled to some type of equitable apportionment of the remaining D&O insurance. [read post]
2 Jan 2018, 11:33 am
Application of holding to the mortgage industry: In the past several years, there has been a proliferation of lawsuits filed by private purchasers of mortgage loans and issuers of mortgage-backed securities (RFC/ResCap and Lehman Brothers Holdings, among others) against correspondent lenders that sold them loans. [read post]
5 Apr 2009, 1:26 pm
In September 2008, the government takeover of mortgage giants Fannie Mae and Freddie Mac was followed by the collapse of Lehman Brothers, the acquisition of Merrill Lynch by Bank of America and an $85 billion (and now $170 billion) government investment in American International Group. [read post]
19 Dec 2010, 1:16 am
Million dollar mortgages are defaulting at twice the national average. [read post]
13 Sep 2008, 10:24 pm
Morgan's subprime mortgages. [read post]
7 Jul 2009, 6:22 am
For instance, the now bankrupt Lehman Brothers had a risk committee, but it only met twice in 2006 and 2007. [read post]
8 Aug 2011, 4:35 pm
Looking back a couple years, you will discover that not only did S&P give AAA ratings to the mortgage-backed assets that eventually became toxic waste, they also gave Lehman Brothers an A rating right up to the month of its demise. [read post]
1 Sep 2011, 12:25 am
S&P is poised to provide AAA grades to 59 percent of Springleaf Mortgage Loan Trust 2011-1, a set of bonds tied to $497 million lent to homeowners with below-average credit scores and almost no equity in their properties. [read post]
24 Dec 2011, 2:00 am
He tried to convince his bank to modify his mortgage since then. [read post]
6 Nov 2018, 11:51 am
SECURITY AND TRUSTS / AGENCY Argentina has trusts and agency rules which are governed by the contractual constructs. [read post]
27 Jan 2009, 1:31 am
But after Lehman and a number of other financial institutions experienced economic meltdowns and after statistics demonstrated that the economy was in a state of sharp decline, the momentum shifted strongly in Obama's direction.Exit polls reveal that a majority of voters chose Obama because they trusted him to bring about economic growth. [read post]
24 Sep 2010, 7:00 am
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]
22 Sep 2008, 4:52 pm
IF federal regulators and political leaders want to earn back some trust, they could do two things. [read post]
27 Aug 2010, 11:07 am
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]
2 Dec 2009, 5:42 pm
Currently, there is no system in place to responsibly shut down a failing financial company like AIG or Lehman Brothers. [read post]
23 Nov 2010, 9:24 am
It worked so well that, in 1997, JPMorgan created BISTRO, which stood for “Broad Index Securitized Trust Offering. [read post]
