Hedge funds have been keen buyers of the new mortgage risk-sharing deals issued by Fannie Mae and Freddie Mac, but as spreads have tightened, worries about leverage have grown. Some now argue mortgage finance requires a more stable source of capital....
UBSGAM settles SEC mispricing charges for $300,000
Williams to leave agency once replacement is found
Securities fraud charges brought against former top executives seen by one legal expert as attempt by regulator to improve image
Fortune 500 group The Hartford appoints new executive vice-president and chief risk officer
Deloitte has been sued by TBW's bankrupty trustee and a TBW subsidiary for $7.6 billion in losses, after failing to detect fraud in the mortgage lender
US tax fix to aid buy-side portfolio back-loading
US mortgage giant says segregating variation margin will hurt FHFA- and FCA-regulated entities, and create new funding obligations for swap dealers
Home grown: a domestic US covered bond market
All bases covered?
Depository Trust & Clearing Corporation appoints Andrew Leonard as managing director and head of operational risk
Fixing too-big-to-fail is the single lesson of the financial crisis, says Fed chairman
Fed data show official-sector holdings of US agency securities rose for a 12th straight week; auction for seven-year US Treasury bills displayed growing demand for dollar denominated assets
The Royal Bank of Scotland (RBS) posted a loss attributable to shareholders of £1.04 billion for the first half of 2009 on a pro forma basis, due to £7.5 billion in impairments charges.
New York-based credit derivatives product company (CDPC) Primus Financial Products has restructured $1.2 billion of credit derivatives protection the firm had written referencing a monoline insurer.
Herbert Allison, who until recently was president and chief executive of Fannie Mae, has joined the US Treasury as assistant secretary for financial stability.
Despite its size, the largest industrial bankruptcy in US corporate history is unlikely to have much of an effect on the credit derivatives markets, suggest analysts.
Michael Williams has been appointed president and chief executive for US mortgage lender Fannie Mae.
Banks may be the latest victims of a continuing drive by rating agencies to impose harsher tests on highly-rated structured finance products, analysts said.
Government sponsored entity (GSE) Fannie Mae announced losses of $25.2 billion for the fourth quarter of 2008 yesterday, linked to mortgage defaults, falling home prices and ailing credit markets. The poor showing was driven by $12.3 billion in net fair...