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Archive Securitization

  • NEW YORK, Jan 20- Societe Generale agreed to pay a $50 million civil fine and admit to misconduct to settle U.S. claims that it fraudulently concealed from investors the poor quality of residential mortgage-backed securities it marketed and sold. In a statement on Friday, the U.S. Department of Justice said the French bank concealed problems in a $780 million...

  • HONG KONG, Sept 22- One of China's interbank market supervisory bodies has approved the launch of credit default swaps, two sources with direct knowledge of the matter told Reuters on Thursday, signifying another step forward towards helping firms hedge rising risks in the country's corporate bond market. The National Association of Financial Market...

  • Securitization market: Toxic sludge?

    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.

  • Trade

    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.