The National Australia Bank (AX: NAB) (OTC: NABZY) has said that it has launched a USD2.0bn mortgage-backed bond
that features a climate-conscious component, according to an online report.
According to the WSJ, the RBS executive under investigation inked a $2.2 billion mortgage-backed bond
deal in 2007, despite the fact that diligence personnel had raised red flags over the products -- an incident documented in the British bank's civil settlement with the U.S.
BlackRock gets an investment it has vetted closely--BlackRock's head of global trading, Richie Prager, tells Fortune that the mortgage-backed bond
debacle demonstrated the dangers in "eating Wall Street's cooking." The company gets a buyer for a big chunk of its issue, and the underwriter gets to cite BlackRock's involvement when it talks up the deal to others.
Arkansas will receive $434,215 as part of a multistate settlement with Morgan Keegan & Co., which sold high-risk mortgage-backed bond
funds to nearly 2,000 Arkansas investors who were led to believe they were low-risk, the Arkansas Securities Department announced last week.
Fellow State-backed player Lloyds Banking Group has already re-launched into the market, selling a mortgage-backed bond
last year, with others following suit.
The US mortgage-backed bond
fund will collapse if its lenders seize its remaining assets.
Over the course of six monthly payments, the effective rate of return earned on the mortgage-backed bond
will be higher than one paying interest semiannually even though the stated rate on each issue is the same.
The new agency, known as Sociedad Hipotecaria Federal, is designed to coordinate the government's lending efforts to the poor and help create a mortgage-backed bond
Unfortunately, the colleges "got stung badly in the crash of the bond market in the fall of 1993 -- and, in particular, the crash of the mortgage-backed bond
market," appeals Judge E.
"Global mortgage-backed bond
issuance slumped to $40 billion in the third quarter, its lowest level since 1995, when the market was still in its infancy and limited almost entirely to the U.S.
57% thought that changes in home prices were the largest determinant of mortgage-backed bond
A US regulator has slapped UBS with a multi-million dollar fine for deceiving investors who bought a risky mortgage-backed bond
transaction during the financial crisis.