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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...

  • 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.