Archive Securitization

  • 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...

  • According to the SEC, the executives said loans in good standing were delinquent and pulled them from residential mortgage-backed securities guaranteed by the government corporation Ginnie Mae. That caused Ginnie Mae, which stands for the Government National Mortgage Association, to publish false and misleading prospectuses, the SEC said.

  • SHANGHAI, May 20- Bank of China Ltd and China Merchants Bank Co Ltd are poised to issue China's first bad debt backed securities since 2008, according to statements posted on the website of China's main bond clearinghouse. Many analysts believe the real bad debt burden at China's banks is much higher, but even the official figures show a sharp rise in troubled...

  • The settlement, which Goldman disclosed in January, stems from the firm's conduct in its packaging, securitization, marketing and sale of residential mortgage-backed securities between 2007 and 2009, the Justice Department said. As part of the settlement, Goldman will also pay $875 million to resolve claims by the New York and Illinois attorneys general, the...

  • April 11- Goldman Sachs Group Inc has agreed to pay $5.06 billion to settle claims that it misled mortgage bond investors during the financial crisis, the U.S. Department of Justice said on Monday. The settlement, which Goldman disclosed in January, stems from Goldman's conduct in its packaging, securitization, marketing and sale of residential...

  • 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.