mortgage-backed

The agency, charged with conserving the assets of failed mortgage giants Fannie Mae and Freddie Mac, is accusing the large banks of violating federal securities law and other laws in the sale of residential private-label mortgage-backed securities.

U.S. Sues 17 Banks Over Soured Mortgage Deals

Wells Fargo spokesman Ancel Martinez said the settlement "is intended to avoid the distraction and expense of litigation" and to resolve class-action securities-law claims by investors in private-label mortgage-backed securities.

Wells Fargo Settles a Mortgage Suit

The head lawyer for the group of investors including BlackRock, Kathy Patrick of Gibbs & Bruns, said in a statement, "This settlement is a significant achievement for investors in private-label mortgage-backed securities."

BofA to Book Massive Charges Tied to Mortgages

Issuance of private-label mortgage-backed securities increased dramatically from 2001 to 2007, and is where most of the problem lies.

Paul J. Stockinger: How Did We Get Here?

At year-end 2010 the Federal Reserve Banks held $2.224 trillion now $2.464 trillion of U.S. Treasury securities and long-term mortgage-backed securities.

Increasing Transparency At The Federal Reserve

Interest rates are low, allowing them to borrow cheaply, while the so-called yield curve—the spread between borrowing costs and the money that can be made on long-term mortgage-backed securities—is steep.

Are New REITs Too Risky?

The agency, charged with conserving the assets of Fannie Mae and Freddie, is accusing the large banks of violating federal securities law and other laws in the sale of residential private-label mortgage-backed securities.

GE Disputes U.S. Suit Over Mortgage Bonds

Foreclosure sales rose on loans that are in private-label mortgage-backed securities, which aren't guaranteed by government entities and which are serviced by nonbank companies that weren't subject to the consent orders.

Foreclosure Activity Tumbled in April

That's the private-label mortgage-backed securities area, source of more than $3 trillion of mortgage bonds from 2002 to 2007.

NYT > Home Page

Offsetting the positives are an elevated level of nonperforming assets NPAs and a $500 million exposure to sub investment grade private-label mortgage-backed securities.