Displaying 36 results
Gundlach not buying the housing recovery
For star bond manager Jeffrey Gundlach, the U.S. housing recovery isn't very rosy and so he's avoiding subprime debt despite its big rally in 2013.
Markets brace for housing, consumer confidence data
Today's Breakfast with Benjamin: Markets brace for big economic data, insider selling at 30-year high, SEC tries to get tough, measuring Fed-speak, and how to behave at the company holiday party. Curated by InvestmentNews' senior columnist Jeff Benjamin
Finding safe havens in fixed income as rates climb
The key to finding out whether investors are exposed to too much fixed income or just the wrong fixed income is to look at the typical refuges in a rising rate environment.
Ex-Keegan fund directors left clients "in the dark’: SEC
U.S. regulators have accused eight former Morgan Keegan & Co. Inc. mutual fund directors of allowing assets backed…
Morgan Keegan on the block after $210M settlement?
Morgan Keegan could be on the block after reaching a $210M settlement with regulators over valuations of subprime mortgages in mutual funds; 39,000 investors lost $1.5 billion.
Are complex ETFs suitable investments?
Executives at BlackRock Inc. and Invesco PowerShares Capital Management LLC are calling on regulators to address suitability requirements for the sale of sophisticated ETFs, such as commodities-based and leveraged funds.
Judge dismisses predatory-lending suit against Wells Fargo
A federal judge has dismissed the city of Baltimore's first-of-its kind lawsuit against Wells Fargo Bank N.A.
Homeowners in financial trouble often redefault
Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help fall behind again.
Mortgage companies must step up, says Frank
House Financial Services Committee chairman Barney Frank, D-Mass., has demanded that mortgage companies make “mass modifications” of troubled mortgages.
Report: AIG in talks to dump toxic assets
American International Group Inc. is reportedly in talks with JPMorgan Chase & Co. to spin off some its subprime assets into a new company, according to The New York Post.
Ex-Credit Suisse brokers charged in $1B scam
Two former Credit Suisse brokers were charged today with defrauding their customers by making more than $1 billion in unauthorized purchases of subprime-related auction rate securities.
Fed to put brakes on dicey loans
As shaky housing data continues to roll in, the Federal Reserve will issue new lending rules next week.
Write-downs wash away Wall Street profits
In the last year, big banks have written down the value of the assets they hold by a cumulative $107.2 billion.
Structured products confused with CDOs
Sales of structured products continue to grow despite the fact that they are often confused with subprime-tainted CDOs.
Ratings firms probed by regulator
The SEC examinations come amid complaints about the handling of the subprime-mortgage crisis.
FBI casts wide net in subprime probe
The investigation could uncover fraud involving banks, private-equity firms or hedge funds, director Robert Mueller said.
SEC juggling three-dozen subprime probes
"Once things start going south, people start behaving badly," said SEC enforcement director Linda Thomsen.
Obama calls for more bank supervision
A "patchwork of regulators" are "unable or unwilling" to protect the American people, said Sen. Barack Obama.
Ex-Countrywide chief to start ‘PennyMac’
BlackRock and Highfields Capital are teaming up to sponsor a new company that will capitalize on distressed mortgage markets.
Frank floats fixes for subprime mess
“More damage was done with inadequate regulation. What we have is a systemic problem," said Rep. Barney Frank, D-Mass.
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