Archive for securitization SmartBlogs

We all have heard that one of the big culprits in the credit crisis was the collateralized debt obligation (CDO). CDOs are notes backed by baskets or cohorts of different types of receivables. The notes can be backed by residential mortgages, or commercial mortgages, or student loans, or credit card receivables or auto loans, etc (or a mixture of all the above).[…] Continue Reading »

A collection of stories from SmartBrief publications and around the web…

Sign of the times: Remember when $50 billion was a lot of money on Wall Street? Nowadays, I see headlines about banks perhaps coughing up $50 billion to settle mortgage lawsuits and I think: “Meh … the banks can afford that.” Sounds kind of like a consumer opting to pay a speeding ticket rather than waste time in court trying to fight it.[…] Continue Reading »

A collection of stories from SmartBrief publications and around the web…

Regulators move to soften Dodd-Frank rule on mortgages makes waves: The decision by U.S. regulators to soften a proposed rule regarding the kinds of loans banks can parcel out to investors without having to keep any ‘skin in the game’ has sparked a good amount of chatter.[…] Continue Reading »