Displaying 53 results
Merrill appoints Mallach to head unit
Merrill Lynch has appointed Doug Mallach to lead its new fixed-income, currencies and commodities asset team.
Ranieri to raise $1 billion for mortgages
Selene Residential Mortgage Opportunity Fund is looking to raise $1 billion to purchase residential mortgages.
UBS to raise funds via share offering
UBS AGwill raise more than $15.5 billion of capital by issuing sharply discounted shares in an attempt to recover from mortgage-related losses.
SEC investigating Franklin Bank
The Securities and Exchange Commission is investigating Franklin Bank after an internal probe revealed accounting errors tied to residential real estate loans.
MBIA replaces CEO
Leadership change reflects problems at the company due to subprime mortgages.
Study: Lax standards caused mortgage woes
Academics pin the mortgage crisis on lenient lending criteria.
UBS nixes shareholder calls for investigation
The call comes amid a government probe as to whether UBS recorded inflated prices for mortgage bonds.
Banks to create fund to head off asset sale
The Master-Liquidity Enhancement Conduit seeks to prevent an asset fire sale and to stimulate credit markets.
Morgan Stanley unit in bias suit
A low-income housing advocacy group alleges that Saxon Mortgage discriminated in issuing home loans.
IMF expects turbulence
The International Monetary Fund anticipates a prolonged adjustment period before global markets recover from the financial turbulence triggered by the subprime mortgage market collapse.
Thornburg Mortgage pays Wachovia $5.12M
The mortgage specialist sued by Wachovia has repaid $5.12 million in collateral that was the basis of the bank's litigation.
S&P error causes investor jitters
Standard & Poor’s admitted making a $5 billion mistake in its estimate for subprime securities under review for ratings cuts.
U.S. pushes Ginnie Mae in China
The U.S. is urging China's central bank to buy more mortgage-backed securities despite a recent increase in subprime defaults.
