Posts Tagged ‘mortgage backed securities’

Fed announces QE3 with mortgage backed securities purchases every month

Nathan Andrada – Fourth Estate Cooperative Contributor Washington, DC, United States (4E) – The U.S. Federal Reserve announced it is undertaking open-ended purchases of $ 40bn worth of mortgage backed securities (MBS) every month expanding it long-term securities holdings. The move is the third round of quantitative easing the Fed has made since 2010 as […]

SEC Seeks to Halt Citigroup Case Pending Settlement Appeal

The U.S. Securities and Exchange Commission asked to halt its case against Citigroup Inc. over mortgage-backed securities while the agency appeals a federal judge’s rejection of a $285 million settlement that was proposed to resolve the dispute. View full post on Finance Stories

Watchdog sues 17 groups over securities

US Federal Housing Finance Agency alleges the financial groups mis-sold almost $200bn of mortgage-backed securities and demands compensation View full post on UK Business Stories