Investigators probing mortgage-bond sales in the run-up to the financial crisis are finding improper actions occurred “not only occasionally, but in the end, with almost every” deal examined, a U.S. official said.
Read More »Tight mortgage lending may cause worse crisis
“Fear and not fact is making credit tighter than it should be.”
Read More »S&P responds to municipal mortgage-seizure plan
Standard & Poor’s probably will demand greater protections for investors when mortgage bonds are backed by loans to homeowners in jurisdictions that use eminent domain to seize debt to help borrowers.
Read More »Mortgage-bond investors bet on Bernanke
Mortgage-bond investors have been betting that Federal Reserve Chairman Ben S. Bernanke will do more to aid housing than President Barack Obama.
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