NEW YORK, Dec 23- A U.S. appeals court on Tuesday threw out most of the claims in an investor lawsuit against Bank of New York Mellon Corp as trustee for subpar mortgage-backed securities involved in an $8.5 billion settlement by Bank of America Corp.. The 2nd U.S. Circuit Court of Appeals in New York said Bank of New York Mellon did not have to face claims stemming...» Read More
OTTAWA, Dec 12- Canada's federal housing agency, CMHC, is raising, in some cases tripling, the fees it charges to guarantee mortgage-backed securities, part of a move to limit government exposure to the mortgage market and encourage the private sector. "This fee increase will narrow the funding cost difference between government-sponsored and private-market...» Read More
William Perraudin, director of Risk Control Limited, discusses the confusion over securitization products and whether they are toxic assets.
The collapse of mortgage-backed securities drove the financial crisis, but many fund managers are snapping up the precrisis offerings.
The China property market's lack of mortgage securities has allowed it to skirt one of the systemic causes of the U.S. property crash, until now.
Fannie Mae and Freddie Mac will form a joint venture for securitizing home loans that could end up replacing the two government-controlled mortgage finance giants.
Some of the world’s biggest banks are trying to extend the principles of securitization to the plain-vanilla world of trade finance – a market worth an estimated $10 trillion a year – as concern mounts that regulatory changes could constrain a key lubricant of the global economy. The Financial Times reports.