Articles Posted inMortgage Backed Securities

Federal Housing Finance Agency(FHFA) has filed a more than $1B住宅抵押支持证券bob200体育(RMB)针对欺诈诉讼Wells Fargo(WFC) on behalf of弗雷迪·麦克(Freddie Mac)。这家政府拥有的抵押贷款公司在2008年金融危机之前已投资了超过1B的RMBS。曾经是次级贷款人的Novastar不再运营。

虽然几家银行承保了证券,但投资者欺诈案件是针对前瓦霍维亚经纪公司Wacbob200体育hovia Capital Markets,LLC,现在是Wells Fargo Securities,LLC。Wachovia是2008年的富国银行收购。

根据RMBS欺诈案,FHFA声称向弗雷迪提供有关支持RMBS的贷款质量的文件具有误导性。独立的联邦机构辩称,瓦乔维亚(Wachovia)发挥了一项包装这些证券的作用,他发表了据称误导性的注册声明,并包括虚假陈述,最终导致弗雷迪·麦克(Freddie Mac)遭受了巨大的财务损bob200体育失。

汇丰银行将在2008年经济危机之前的包装,营销和销售其包装,营销和销售索赔上处以7.65亿美元的罚款。bob200体育根据美国检察官鲍勃·特洛耶(Bob Troyer)的说法,汇丰银行(HSBC)采用了一个尽职调查的程序,知道它是无效的,“选择”将有缺陷的抵押贷款放在交易中,并无视这些问题,即使它将RMBS卖给了投资者。结果,美国政府认为,包括联邦政府投保的金融机构,购买了汇丰住宅抵押贷款支持的证券,这些证券得到了有缺陷贷款的支持,持续了“重大损失”。bob200体育

汇丰银行(HSBC)使用专有模型吹捧,该模型将选择20%的最风险贷款进行进一步检查,而另外5%将随机选择。然而,政府声称,金融公司的贸易台对贷款将被证券化,有时未能使用随机样本发挥不当影响。然后,外部供应商研究了所选的贷款。

美国声称,即使有许多贷款被标记为低级,汇丰银行也将其“放弃”或重新授予它们,并担心立即被无视违约的贷款。据称,该银行甚至继续从一名发起人那里购买贷款,后者可能会提供欺诈性的贷款。

Moody’s Corp. (MCO) will pay nearly $864M to settle allegations about the way that credit ratings agency rated high-risk mortgage securities, including residential mortgage-backed securities (RMBSs) and collateralized debt obligations (CDOs), leading up to the 2008 financial crisis. The settlement was reached between Moody’s Corporation, Moody’s Analytics Inc., and Moodys’ Investors Services, and the US Department of Justice, the District of Columbia, and 21 US states. Moody’s is accused of knowing that it was inflating the ratings of mortgage securities that were toxic.

As part of the agreement, $437M will be paid as penalty to the DOJ. The rest of the $426.3M would be divided between DC and the states. Moody’s consented to measures that would make sure of its credit ratings’ integrity moving forward, and its chief executive will have to certify measures of compliance for a minimum of five years.

尽管有定居,穆迪仍坚持认为,其2008年危机之前的评级是有效的。信贷评分者还指出,该案已经解决,没有任何违反任何法律的发现。穆迪不承认任何责任。但是,在一份事实声明中,该公司承认其所谓的行为的关键部分。

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美国检察官正在指控罗伯特·佩纳(Robert Pena)欺诈。佩纳(Pena)是一家不再运营的抵押贷款公司的抵押贷款安全公司的创始人兼总裁,被起诉。

法院文件指出,抵押贷款安全与政府国家抵押协会合同,也称为Ginnie Mae。它的工作是汇集合格的住宅抵押贷款,并出售吉尼·梅(Ginnie Mae)支持投资者的抵押贷款。抵押保证金还认为贷款服务,包括收取付款以及借款人的利息(除了贷款还清),并将金钱投入了金妮·梅(Ginnie Mae)在信托基金中所持的帐户中。这些资金最终将向投资者交给投资者。

但是,据称,起诉书从2011年开始,据称,佩纳开始将借款人发送给抵押贷款安全的资金,而无需Ginnie Mae的知识。据称,他将这笔钱用于商业和个人支出,最终赚了近300万美元。据称,他试图通过虚假的报道掩盖他的骗局,该报告向金妮发出了有关贷款的骗局。Ginnie Mae最终不得不向投资者付款,因为它保证了他们的投资。

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德克萨斯州第五区的上诉法院维持了210万美元的判决休斯顿Securities Fraud Attorney Sam Edwards牧羊人史密斯·爱德华兹(Edwards&Kantas)。该裁决命令摩根·基冈(Morgan Keegan)支付210万美元,以免告诉投资者有关抵押支持证券股份涉及的实际风险。bob200体育

正是在2014年10月,达拉斯州法院法官确定财富管理和资本市场公司违反了《德克萨斯州证券法》,因为不准确代表普渡大道投资者唱片公司LP及其校长Dana和Robert Howard投资的证券涉及的风险bob200体育。这些是由Morgan Keegan承销和Morgan Asset Management管理的债券基金购买的MBS。据称未公开的风险是,这些资金大量参与了低于投资级结构化融资。

霍华德在RMK战略收入基金和RMK Advantage收入基金中投资了超过200万美元。资金将继续损失超过2B美元。

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美国第11巡回上诉法院说,下级法院在迈阿密市指控迈阿密市的指控时犯了一个错误美国银行公司(BAC),富国银行公司(WFC)和花旗集团(C)的engaging in predatory mortgage lending to Hispanic and black borrowers. The Florida city brought its claims under the Fair Housing Act.

迈阿密声称,三家银行指示非高加索借款人提供更昂贵的贷款,即使他们的信誉很好,这些贷款也经常负担不起。该市说,由于这种“反向红线”,有很多止赎,与疫病打击的支出增加以及降低财产税的收集。

A U.S. district court judge threw out Miami’s mortgage fraud lawsuits last year. Judge William Dimitrouleas claimed that the city did not have the standing to sue and the harm alleged was too remote from the conduct of the banks.

这11th circuit, however, said that standard was too strict. It believes that the banks could have foreseen that there would be attendant harm from such alleged discriminatory practices.
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SEC收费纽约公司,证券欺诈的基金经理bob200体育

这bob200体育证券交易委员会is charging VERO Capital Management, its CFO Steven Downey, President Robert Geiger, and General Counsel George Barbaresi with secretly taking investor money to support a side business. The three men ran funds with offering documents that touted their objective as making good returns via抵押贷款支持证券bob200体育investments. Instead, after winding down the funds, the officers allegedly diverted around $4.4 million to undocumented bridge loans to an affiliate company that was supposedly in risk management. Investors and the funds’ directors were purportedly not notified that these unauthorized loans were taking place.

SEC执法部门还声称,Vero Capital和三名男子迫使资金从附属机构中购买总计700万美元的三张票据,这是一项主要交易,在交易完成之前需要书面通知和客户同意。该部门声称没有试图获得此强制性通知。监管机构指控对1940年的《投资顾问法》和其他规则多次违反。

SEC调查证券法违规行为的前载体执行官bob200体育

根据彭博社的说法,罗伯特·奥金(Robert okin)Oppenheimer & Co.’s (OPY)former retail brokerage head, is under investigation by the Securities and Exchange Commission. In October, the agency’s enforcement division notified Okin that, based on a preliminary determination, it intended to file charges against him for securities law violations, including failure to supervise.

Okin不再与Oppenheimer在一起。他本月早些时候辞职,追求“其他利益”。Okin否认违反《证券交易法》。bob200体育

高盛集团公司(GS)将支付31.5亿美元的回购住宅抵押支持证券bob200体育与出售给Freddie Mac和Fannie Mae的债券有关。回购约为1美元。200亿美元的保费,使抵押贷款公司整体依靠证券。bob200体育RMB案是由联邦住房金融机构提起的。

正是在2011年,FHFA起诉18家公司,以从2008年经济体验后,从美国控制弗雷迪和美尼的时候就可以拿回纳税人的钱。高盛是第十五银行定居。

这firm will pay Fannie May $1 billion and $2.15 billion to Freddie Mac for the securities. The two had purchased $11.1 billion from Goldman Sachs. A few of the other banks that have settled with the FHFA includeMorgan Stanley (MS),,,,JPMorgan Chase (JPM), 和美国银行公司(BAC)。该机构剩余的RMB欺诈案件仍在审理中,是针对RBS Securities Inc.(RBS),汇丰银行北美控股公司(HSBC),汇丰银行(HSBC)和Nbob200体育omura Holding America Inc.(NMR)的案件。

马萨诸塞州总检察长玛莎·科克利(Martha Coakley)起诉弗雷迪·梅(Freddie Mae)和联邦住房金融机构(Federal Housing Finance Agency),因为她说他们不与愿意回购银行拥有房屋的非营利组织合作,然后将其出售给先前的所有者。Coakley声称违反了该州的止赎预防法。

在某些马萨诸塞州计划下,非营利组织现在可以以市场价值购买属于银行的房屋,然后将其出售给以前有资格获得融资的所有者,该价格低于市场价值。马萨诸塞州AG认为,FHFA,Freddie和Fannie正在“妨碍这些销售”。

Coakley has pointed to the regulator’s policies, including one that won’t allow the two home mortgage companies to accept a price under the outstanding loan amount when houses are resold. Coakley says this is preventing families from getting their houses back. Meantime, FHFA has said that its policies protect taxpayers.

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