Posts Tagged ‘MBS’

SECURITIZATION: How our society changed when we learned to turn lead into gold.

Written on 30 Sep, 2013 at 13:07

Before securitization children were raised receiving fewer presents for their birthdays and holidays and I don't need a source for that statistic. Water is wet, the sky is blue, and that's a fact. Hotel rooms never cost $600... (Continue reading)

“Double Dipping Docket” is Just a Dumb Idea

Written on 18 Sep, 2013 at 7:18

The payment advanced to the trust by a servicer when a borrower fails to make his or her mortgage payment is simply a loan made pursuant to the contract between the servicer and the trust. The trust is only... (Continue reading)

What Makes a Mortgage a “Bad Loan?” I’m Confused.

Written on 20 May, 2013 at 4:43

Or do we only judge a loan to be "bad" after it defaults, and because it defaults? Assuming there are NOT predatory practices involved, is a loan "good" until it defaults and then it becomes "bad." And is... (Continue reading)

Tagged with: adjustable rate loans bad loans balloon payments bank of america Center for Responsible Lending CFPB clouded title Countrywide loans court of equity diana olick economic recovery economy Fannie Mae Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac HAMP HELOCs HUD counselors Impac Mortgage Holdings Inc. jpmorgan chase loan modification loan modifications loans in default Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode MBS MERS mortgage assignments Mortgage backed securitized trusts mortgage crisis mortgage refinancing mortgage securitization mortgage servicers NACA obama administration option arms Pooling & Servicing Agreements predatory lending PSAs Residential Mortgage Backed Securities RMBS robo-signers securitized pools sub-prime lending synthetic CDOs teaser rate loans Treasury Secretary Tim Geithner trial modifications wells fargo bank

GUEST POST: Prove Fannie & Freddie Innocent Before Suing the Banks – And Here Is How

Written on 7 Sep, 2011 at 13:29

For twelve years during and after the Savings & Loan crisis (1988-2000), I led the group of business analysts at PricewaterhouseCoopers that was responsible for monitoring Ginnie Mae's $600 billion portfolio of mortgage-backed securities. During that period, I learned... (Continue reading)

Tagged with: bank of america banking lobby citibank economic recovery economy Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke FHFA FHFA lawsuits foreclosure crisis foreclosures Freddie Mac Ginnie mae Goldman Sachs GSEs HAMP Indymac bank jpmorgan chase mandelman mandelman matters martin andelman MBS ml-implode mortgage backed securities mortgage crisis mortgage refinancing mortgage securitization mortgage servicers obama administration one west bank recession RMBS Subprime Mortgage Crisis TARP Treasury Secretary Tim Geithner wall street bankers wells fargo bank

If You Think the Meltdown Was the Fault of Homeowners, Think Again…

Written on 25 May, 2011 at 18:46

So... in "Pillage," Nomi Prins explains in terms anyone can understand that factoring in the leverage at 11:1, we're looking at a $140 TRILLION economic problem... yes, you read that correctly... that's trillion, with a 'T'... (Continue reading)

Tagged with: ABS asset backed securities bank bailouts bank of america bear stearns cause of meltdown CDOs citibank cost of bailout credit default swaps diana olick double dip economic recovery elizabeth warren Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac Goldman Sachs HAMP Hank Paulson Indymac bank It takes a pillage jpmorgan chase Lehman Bros. loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode max gardner MBS mortgage backed securities mortgage crisis mortgage refinancing mortgage servicers NACA nomi prins obama administration one west bank recession REST Report securitization sub-prime loans TARP toxic assets Treasury Secretary Hank Paulson Treasury Secretary Tim Geithner trial modifications unemployment wall street bankers wells fargo bank

Mandelman U. Presents – Securitization & Mortgage Backed Securities

Written on 12 Mar, 2011 at 5:38

Come back to 6th Grade where I'll be teaching real 6th graders all about what the banks did to break the world. We're going to cover the Bond Market and Securitization, CDOs and CDSs... and even Synthetics and... (Continue reading)

Tagged with: bond market CDOs CDSs credit default swaps economic crisis financial crisis foreclosure crisis loan modifications Making Home Affordable Plan mandelman university MBS mortgage backed securities mortgage meltdown mortgage refinancing securitization synthetic CDOs

NEW! Mandelman in the Morning… Podcast!

Written on 5 Sep, 2010 at 15:04

Click on the link to tune in to the Mandelman in the Morning Podcast for September 3, 2010... ... (Continue reading)

FHFA Subpoenas Data from 64 Issuers of Mortgage Backed Securities

Written on 13 Jul, 2010 at 5:25

Uh oh. Someone's gonna' be in big trouble... as in... Lucy, you got some "˜splainin' to do. Is it warm in here all of a sudden?... (Continue reading)