Posts Tagged ‘synthetic CDOs’

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)

NY Appeals Court Dismisses Fraud Suit Brought by Investors – Says Investors can take care of themselves.

Written on 4 Apr, 2012 at 4:57

Some are saying the case may set a precedent for the packagers of CDOs, making their only responsibility to disclose risks and conflicts of interest involved. A lawyer said to be "deeply involved" in the case, was quoted as... (Continue reading)

Home sales contracts are falling apart 2X as fast as last year

Written on 23 Nov, 2011 at 18:32

Why? Well, according to the Realtors, it's credit scores and appraisals coming in too low. Well shave my head and call me Baldy... what do you know about that? I certainly do declare, how can such a... (Continue reading)

Tagged with: AIG bailouts bank of america banking lobby citibank conventional loans Dean Baker diana olick double dip economic recovery economy elizabeth warren Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke FICO foreclosure crisis foreclosures Freddie Mac Goldman Sachs HAMP housing market housing prices Indymac bank jpmorgan chase Lawrence Yun loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman max gardner mortgage crisis mortgage refinancing mortgage servicers NACA NAR National Association of Realtors obama administration one west bank president obama recession REST Report Ron Phipps synthetic CDOs TARP Treasury Secretary Tim Geithner trial modifications U.S. economy unemployment wall street bankers wells fargo bank

Lawyers, foreclosure fatigue and the dreaded FREE HOUSE

Written on 29 Jul, 2011 at 19:23

Wake up people, we're running out of time. We need to do better and that means we need to get smarter. And since I still have faith that our laws will prevail, we'll be needing our nation's lawyers... (Continue reading)

Tagged with: Abigail Field American Securitization Forum banking lobby bankruptcy Barbara Gilbert CDOs credit slips double dip economic recovery Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosure defense foreclosure defense lawyers fortune magazine fransen & molinaro Freddie Mac free house Gomes v. Countrywide HAMP Horace v LaSalle Bank In re: Martinez Indymac bank Judge Karlin judicial foreclosure state katherine porter katie porter loan modifications mandelman mandelman matters martin andelman max gardner Max Gardnerâ€™s Boot Camp Army MERS Mitchell J. Stein mortgage crisis Mortgage Electronic Registration Service mortgage refinancing mortgage servicers Nathan Fransen Nick Wooten non-judicial foreclosure states obama administration OCC consent orders Pooling and Servicing Agreement produce the note PSA REMIC trusts securitization synthetic CDOs Tom Cox Tom Deutsch U.S. Bank v. Congress US Bankcorp vermont supreme court wall street bankers

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

Mandelman U. Presents: There’s Credit Default Swaps & then there’s Credit Default Swaps

Written on 23 Nov, 2010 at 12:24

Seventy percent of the U.S. economy is driven by consumer spending, which has been driven by borrowing over the last ten years. Even if we wanted to do so, we can't borrow our way back to prosperity this time... (Continue reading)

Tagged with: AIG AMBAC banker fruad BISTRO CDO CDS CNBC Collateralized debt obligations credit default swaps credit derivatives diana olick economic recovery FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke financial institutions foreclosure crisis Goldman Sachs Indymac bank jpmorgan chase Lehman Bros. loan modifications mandelman matters mandelmanU. martin andelman MBIAA michael lewis ml-implode morgan stanley mortgage-backed security NACA obama administration Secretary Tim Geithner synthetic CDOs TARP payments the big short tranches triple A rated bonds wall street fraud washington mutual

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)

Barofsky’s Report: Taxpayer Support for Financial Sector Now $3.7 Trillion

Written on 24 Jul, 2010 at 5:47

Taxpayer support for the financial system grew by $700 billion last year, and has now reached roughly $3.7 trillion, including TARP, Federal Reserve programs, asset guarantees and federal bank deposit insurance, among other commitments. ... (Continue reading)