Read more mortgage backed securities stories on Newserhttp://www.newser.com/taggrid/12066/mortgage-backed-securities.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 12:09:48 CSThttp://www.newser.com/story/71314/the-next-mortgage-lender-bailout-the-fha.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAnother mortgage lender specializing in low income borrowers is in trouble: the Federal Housing Administration. The agency which oversees Fannie Mae and Freddie Mac could soon share their fate, as borrowers default on the low-downpayment mortgages it insures, critics told a House subcommittee yesterday. “It appears destined for a taxpayer...http://www.newser.com/story/71314/the-next-mortgage-lender-bailout-the-fha.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 09 Oct 2009 8:38:55 CDThttp://www.newser.com/story/70720/wall-street-cleverly-carves-up-bad-assets.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWall Street’s financial magicians have come up with a way to transform toxic assets into shiny new ones. In popular new deals called “re-remics,” a sour mortgage-backed security is split in two, one containing all the good mortgages, the other all the bad, the Wall Street Journal explains. The result:...http://www.newser.com/story/70720/wall-street-cleverly-carves-up-bad-assets.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 01 Oct 2009 7:31:47 CDThttp://www.newser.com/story/68204/commercial-real-estate-may-set-off-2nd-crisis.html?utm_source=syn&utm_medium=rss&utm_campaign=tagJust as the economy starts to recover, a second mortgage disaster may be looming. The commercial real estate sector is tanking, with many properties unable to generate enough cash to make mortgage payments. Lo and behold, those commercial mortgages have been sewn into securities—comparable to the packages of home...http://www.newser.com/story/68204/commercial-real-estate-may-set-off-2nd-crisis.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 31 Aug 2009 7:27:11 CDThttp://www.newser.com/story/67448/troubled-securities-threaten-to-drown-banks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagBad loans have been killing off banks at the fastest rate in 17 years—but now, securities purchased from other banks are a mounting threat, the Wall Street Journal reports. Thousands of banks nabbed securities dependent on mortgages and the financial industry. “Under most scenarios, they were good and prudent...http://www.newser.com/story/67448/troubled-securities-threaten-to-drown-banks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 21 Aug 2009 10:48:12 CDThttp://www.newser.com/story/66984/hotels-owners-walk-out-on-mortgages.html?utm_source=syn&utm_medium=rss&utm_campaign=tagHomeowners aren’t the only ones walking away from their underwater mortgages. With the hotel market at its lowest point since the early '90s, many owners, who owe more on their money-losing properties than they’re worth, are simply walking away, the Wall Street Journal reports. Many say they have no choice;...http://www.newser.com/story/66984/hotels-owners-walk-out-on-mortgages.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 15 Aug 2009 11:00:00 CDThttp://www.newser.com/story/63366/wall-street-pay-packages-roar-back-led-by-goldman.html?utm_source=syn&utm_medium=rss&utm_campaign=tagIt didn't take long: After a year of public apologies and vows to change, big pay packages are back on Wall Street. Goldman Sachs is set to pay about $700,000 per employee in 2009 based on current figures, nearly double last year's figure and even higher than before the...http://www.newser.com/story/63366/wall-street-pay-packages-roar-back-led-by-goldman.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 02 Jul 2009 5:32:43 CDThttp://www.newser.com/story/57754/credit-rating-agencies-off-base-but-bullet-proof.html?utm_source=syn&utm_medium=rss&utm_campaign=tagUntil the day Lehman Brothers declared bankruptcy, all three of the major credit-ratings agencies swore its debt was safe, rating it A or better. They rated AIG at AA. And they gave 75% of the $3.2 trillion of subprime mortgage securities iron-clad AAA ratings. Moody’s, S&P and Fitch were,...http://www.newser.com/story/57754/credit-rating-agencies-off-base-but-bullet-proof.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 01 May 2009 14:54:27 CDThttp://www.newser.com/story/55715/bailout-honchos-weigh-toxic-asset-war-bonds.html?utm_source=syn&utm_medium=rss&utm_campaign=tagResponding to charges the bank bailout privatizes profits while socializing losses, the Obama administration is exploring creating mutual-fund-type instruments that would allow private citizens to invest in toxic assets. The bailout funds, akin to war bonds, would allow the taxpayers who funded the bailout to profit along with Wall Street,...http://www.newser.com/story/55715/bailout-honchos-weigh-toxic-asset-war-bonds.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 09 Apr 2009 8:11:00 CDThttp://www.newser.com/story/54398/commercial-real-estate-crisis-may-rival-90s-disaster.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCommercial real-estate borrowers are defaulting on their loans at an ever-faster pace, and experts now believe the crisis could match or exceed the early-1990s slump, the Wall Street Journal reports. That catastrophe killed off 1,000 banks and savings institutions, with lenders taking $48.5 billion in charges. This time,...http://www.newser.com/story/54398/commercial-real-estate-crisis-may-rival-90s-disaster.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 26 Mar 2009 11:00:26 CDT