According to the NCUA, the regulator has additional litigation pending in federal court in Kansas City, Mo., against Credit Suisse for sales of faulty
residential mortgage-backed securities to U.S.
In a so-called Martin Act lawsuit, the DoJ accused JPMorgan Chase, JPMorgan Securities (formerly Bear Stearns) and EMC Mortgage LLC of deceiving investors "as to the care with which they evaluated the quality of mortgage loans packaged into
residential mortgage-backed securities prior to Bear Stearns & Co's collapse in early 2008, incurring losses that have totaled approximately $22.5 billion to date."
Before joining RBS, Stroker was a vice president at Merrill Lynch (NYSE: MER) (OOTC: MERIZ) where he was a senior member of its subprime and non-agency
residential mortgage-backed securities trading division.
residential mortgage-backed securities business in the July-September quarter, boosting the projection for its accumulating loss on such business to about 145 billion yen.
A real estate investment trust, Ellington Residential acquires, invests in and manages residential mortgage and real estate-related assets, with a primary focus on
residential mortgage-backed securities for which the principal and interest payments are guaranteed by a US government agency or a US government-sponsored enterprise.
DOJ relating to
Residential Mortgage-Backed Securities and additional charges of GBP 400m relating to Payment Protection Insurance.
The settlement follows news of Barclays Bank's agreement to pay the NCUA $325 million to settle claims filed by the regulator, and brings the total recoveries from litigation against banks that sold faulty
residential mortgage-backed securities to corporate credit unions to $2.2 billion, the NCUA said.
EU) (LSE: BKIR_u) has retained
residential mortgage-backed securities worth GBP5.738bn, Dow Jones has reported, citing a spokeswoman for the bank.
Central's website (www.uscentral.org), the loss was the result of $44.9 million in other-than-temporary impairments to some nonagency
residential mortgage-backed securities. Ineffective derivatives strategy was blamed for an additional $5.8 million investment loss during second quarter.
Ellington Residential Mortgage REIT is a mortgage real estate investment trust that specializes in acquiring, investing in and managing residential mortgage- and real estate-related assets, with a primary focus on
residential mortgage-backed securities for which the principal and interest payments are guaranteed by a US government agency or a US government-sponsored enterprise.
A real estate investment trust, Ellington Residential Mortgage acquires, invests in and manages residential mortgage and real estate-related assets, mainly on
residential mortgage-backed securities for which the principal and interest payments are guaranteed by a US government agency or a US government-sponsored enterprise.
Ellington Financial LLC is a specialty finance company that primarily acquires and manages mortgage-related and consumer-related assets, including
residential mortgage-backed securities, residential and commercial mortgage loans, consumer loans and asset-backed securities backed by consumer loans, commercial mortgage-backed securities, real property, and mortgage-related derivatives.