Timeline: Ex-Credit Suisse traders charged - Reuters

Timeline: Ex-Credit Suisse traders charged
Reuters
Their actions contributed to Credit Suisse taking an unexpected writedown of $2.65 billion on subprime mortgage trades. Here is a timeline of key events in the subprime mortgage market around the time of the alleged pricing manipulation at Credit ...

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STEVE ROACH: Recovery? Oh, Please. We're Completely Screwed. - Business Insider


Business Insider
STEVE ROACH: Recovery? Oh, Please. We're Completely Screwed.
Business Insider
ROACH: It is going to take really aggressive structural policies aimed at changing behavior rather than the big bazooka of monetary and fiscal stimulus, which the authorities have embraced as an answer to a crisis. I think what we found in '08 and '09 ...

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New York sues banks over electronic mortgage system - Reuters

New York sues banks over electronic mortgage system
Reuters
Over 70 million mortgage loans, including millions of subprime loans, have been registered in the MERS system, rather than in local county clerks' offices, according to the lawsuit. Schneiderman is seeking to stop the banks from filing New York ...

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New York sues banks over electronic mortgage system - Reuters

New York sues banks over electronic mortgage system
Reuters
Over 70 million mortgage loans, including millions of subprime loans, have been registered in the MERS system, rather than in local county clerks' offices, according to the lawsuit. Schneiderman is seeking to stop the banks from filing New York ...

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Letter: Vote these people out! - The State Journal-Register

Letter: Vote these people out!
The State Journal-Register
This softening was spearheaded by the subprime mortgage lending that eventually spilled over into the general economy as jobs were lost and people went into default. One area that is little discussed are the mortgages in which debt increased rather ...

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Old Rating Agency Model Becoming Extinct? Independent Mortgage... - Mortgage News Daily

Old Rating Agency Model Becoming Extinct? Independent Mortgage...
Mortgage News Daily
Earlier this week the commentary discussed the Maiden Lane sale and its expected impact on subprime MBS pricing. "The Federal Reserve Bank of New York announced that it has sold $7.014 billion in face amount of assets from its Maiden Lane II LLC (ML ...

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$25 billion settlement reached with nation's five largest bank mortgage servicers - The Rock River Times

$25 billion settlement reached with nation's five largest bank mortgage servicers
The Rock River Times
Loan servicers will be held to strict timelines in dealing with distressed borrowers. Protections will also be put in place to ensure fairness and accuracy for all borrowers making mortgage payments, including increased disclosures on their monthly ...

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