Mortgages purchased by Fannie Mae and Freddie Mac were sold in the market through Securitization – a financial mechanism under which various contractual debts/loans like home loans, auto loans, credit card debt/loan obligations, etc. are...
A month ago, mortgages reappeared in the housing-hype circus, when it was widely reported that mortgage applications “soared” and “jumped.” Both types of mortgage applications did so: those used to purchase a home (purchase mortgages)...
Since the outbreak of the financial crisis in 2007, financial institutions have paid more than Qatar’s GDP in fines for their wrongdoings. As investigations and lawsuits continue, that number is expected to grow. $150 billion...
The global capital markets have been feeling the effect for several months and now the cause is at hand. The Federal Reserve is set to decide whether to continue at the same pace the purchases of...
New York state has filed a civil suit against JPMorgan Chase over the allegedly fraudulent sales of mortgage-backed securities. The suit comes just one month shy of the US presidential election. New York’s attorney general...
