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Mortgage Securities stories:
Report: Goldman bet against own products
Nov 1st, 2009 - UPI
NEW YORK, Nov. 1 (UPI) -- U.S. investment bank Goldman Sachs didn't disclose it was making secret bets against its own toxic mortgage securities, McClatchy News Service reported Sunday.
MCT exclusive series: How Goldman Sachs secretly bet on the housing crash
Nov 1st, 2009 - MiamiHerald
In the 1980s and '90s, Goldman Sachs Group ran a staid residential mortgage operation that simply bought and sold loans. But in 2001, the elite investment bank leaped...
BNY Mellon Rises After Selling Mortgage Assets, Cutting Risks
Oct 20th, 2009 - Bloomberg
Oct. 20 (Bloomberg) -- Bank of New York Mellon Corp., theworld’s biggest custody bank, rose the most in more than fivemonths after selling mortgage securities that hurt earnings overthe past five quarters.Fed officials were conflicted over revival program
Oct 14th, 2009 - kansascity
Amid uncertainties about strength of the budding recovery, Federal Reserve policymakers last month were conflicted over whether to expand or cut back a program intended to drive down mortgage rates and prop up the housing market...
AP: Lenders to seek full license for NJ casino
Oct 9th, 2009 - Boston
ATLANTIC CITY, N.J.—Lenders seeking to take over the first American casino outside Las Vegas have agreed to seek a full New Jersey casino license. The deal clears...
Mortgage Securities videos from YouTube:
7:56Mortgage-Backed Securities I
Part I of the introduction to mortgage-backed securities
9:17Mortgage-backed securities III
More on mortgage-backed securities
9:34Mortgage-backed securities II
Part II of the introduction to mortgage-backed securities
9:41Mike Gasior - Mortgage Backed Securities
Mike Gasior discusses the marketplace for Mortgage Backed Securities and the benefits and drawbacks of holding them within a fixed income portfolio. mike@afs-seminars.com www.afs-seminars.com
Mortgage Securities from WikiPedia:
A mortgage-backed security (MBS) is an asset-backed security or debt obligation that represents a claim on the cash flows from mortgage loans, most commonly on residential property.
First, mortgage loans are purchased from banks, mortgage companies, and other originators. Then, these loans are assembled into pools. This is done by government agencies, government-sponsored enterprises, and private entities. Mortgage-backed securities represent claims on the principal and payments on the loans in the pool, through a process known as Securitization. These securities are usually sold as bonds, but financial innovation has created a variety of securities that derive their ultimate value from mortgage pools.
Most MBSs are issued by the Government National Mortgage Association (Ginnie Mae), a U.S.
Read more on WikiPedia
