Banking & Securities Fraud Consumer Fraud Mortgage Fraud Our Daily News Texas US Department of Housing and Urban Development (HUD) US Department of Justice (DOJ)

United States Files False Claims Act Complaint against Participants in Hospital Development Project for Improperly Obtaining Government-Insured Loan and Misusing Loan Funds

#MisuseOfFunds #FederalMonies #MortgageFraud #HUD #DOJ #BoondoggledNews

Advertisements
Banking & Securities Fraud Business Fraud Federal Bureau of Investigation (FBI) Mortgage Fraud Our Daily News Texas US Department of Justice (DOJ)

Houston-based fraudsters Plead Guilty

Department of JusticeU.S. Attorney’s Office Southern District of Texas FOR IMMEDIATE RELEASE Thursday, February 8, 2018 HOUSTON – Two fraud conspirators have entered guilty pleas to participating in a mortgage fraud conspiracy that fraudulently obtained mortgage loans to purchase homes in Houston and Surfside, announced U.S. Attorney Ryan K. Patrick. David Lee Morris, 55, and […]

Banking & Securities Fraud Investment Fraud Mortgage Fraud Securities Fraud

Housing Bubble Hall of Shame®

Who is responsible for the Housing Bubble? Policy makers, press, investors, wallstreet, mortgage lenders, builders, realtors, appraisers, buyers, flippers, sellers, … ? They all had a hand in it, but lets pay tribute to some of the more notable or public displays of bubble mania. *All inductees are innocent of a crime until proven guilty […]

Banking & Securities Fraud Congress - US Senate Consumer Fraud Investment Fraud Mortgage Fraud Political Fraud Securities Fraud US Congress

Emails Show How Greg Lippmann Built Deutsche Bank’s $5 Billion Subprime Short: “Duping CDO Fools”

Courtney Comstock Apr. 14, 2011, 10:05 AM The Senate Committee assigned to report on the causes of the financial crisis used then-trader Greg Lippmann’s emails in their 650-page report as an example of the view within Deutsche Bank that the subprime market was collapsing. The report was released today. Click here to download it. The committee is […]

Banking & Securities Fraud Business Fraud Consumer Fraud Investment Fraud Mail Fraud Mortgage Fraud Our Daily News Securities Fraud Wall Street Journal

The Regrets of Lewis Ranieri – WSJ

THIS is the DEEP STATE ass who set up the #HousingCrisis for them! HE IS THE REASON! The father of mortgage-backed securities lives with remorse for his role in a crisis that ‘did so much damage to so many people.’ — Read on www.wsj.com/articles/the-regrets-of-lewis-ranieri-1536240610

Banking & Securities Fraud Foreclosure Fraud Mortgage Fraud Our Daily News Securities Fraud US Securities and Exchange Commission (SEC)

Mortgage-Backed Securities

Mortgage-backed securities (MBS) are debt obligations that represent claims to the cash flows from pools of mortgage loans, most commonly on residential property. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by a governmental, quasi-governmental, or private entity. The entity then issues securities that represent claims on […]

Banking & Securities Fraud Mortgage Fraud Our Daily News Securities Fraud

Mortgage-Backed Security (MBS)

REVIEWED BY JULIA KAGAN  Updated Jul 16, 2019 What Is a Mortgage-Backed Security (MBS)? A mortgage-backed security (MBS) is an investment similar to a bond that is made up of a bundle of home loans bought from the banks that issued them. Investors in MBS receive periodic payments similar to bond coupon payments. The MBS is a […]

Banking & Securities Fraud Consumer Fraud Corporate Fraud Foreclosure Fraud Mortgage Fraud Our Daily News

Asset-Backed Credit Default Swap (ABCDS)

REVIEWED BY JAMES CHEN  Updated Apr 8, 2019 What is an Asset-Backed Credit Default Swap? An asset-backed credit default swap (ABCDS) is a credit default swap (CDS) wherein the reference asset is the asset-backed security rather than a corporate credit instrument. Understanding Asset-Backed Credit Default Swaps (ABCDS) Asset-backed credit default swap (ABCDS) agreements are similar to traditional credit […]

Banking & Securities Fraud Consumer Fraud Corporate Fraud Foreclosure Fraud Mortgage Fraud Our Daily News Political Fraud

Credit Default Swap (CDS) Definition

REVIEWED BY JUSTIN KUEPPER  Updated Apr 20, 2019 What is a Credit Default Swap (CDS)? A credit default swap (CDS) is a financial derivative or contract that allows an investor to “swap” or offset his or her credit risk with that of another investor. For example, if a lender is worried that a borrower is going to default on a loan, the lender […]

Banking & Securities Fraud Consumer Fraud Corporate Fraud Foreclosure Fraud Mortgage Fraud Our Daily News Political Fraud

Loan Credit Default Swap (LCDS) Definition

REVIEWED BY JAMES CHEN  Updated Apr 10, 2019 What Is a Loan Credit Default Swap (LCDS)? A loan credit default swap (LCDS) is a type of credit derivative in which the credit exposure of an underlying loan is exchanged between two parties. A loan credit default swap’s structure is the same as a regular credit default swap (CDS), except that the […]

Foreclosure Fraud Mortgage Fraud Our Daily News Securities Fraud

General Electric Agrees to Pay $1.5 Billion Penalty for Alleged Misrepresentations Concerning Subprime Loans Included in Residential Mortgage-Backed Securities

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Friday, April 12, 2019 The Department of Justice today announced that General Electric (GE) will pay a civil penalty of $1.5 billion under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to resolve claims involving subprime residential mortgage loans originated by WMC […]