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fdic sues big banks over mortgage securitiesthe government has sued several big banks over toxic mortgage securities they issued that were bought by two small illinois banks which failed in may 2009.freddie mac announces prepayments in certain mortgage participation certificatesmclean, va., may 22, 2012 /prnewswire/ -- freddie mac (otc:fmcc) announced today that certain of its mortgage participation certificates (pcs) will shortly experience prepayments in a total amount of approximately ...mortgage crisis worsening, central bank figures showthe mortgage arrears crisis is deepening as new central bank figures show there were nearly 78,000 mortgages in arrears of 90 days or more at the end of march in an increase of nearly 8,000 over just three months.residential mortgage backed roosters comin' home to roost as rmbs task force gets to workfirst the feds were looking at the the swath of mortgage-backed securities among federal home loan mortgage corporation (freddie mac), the federal national mortgage association (fannie mae), and the government national mortgage association (ginnie mae) (collectively, "MBS"). if you just go by the reports in the press and the swirling rumors on the street, a lot of banks are nervous: ally ... |
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