Author Archives: Isaac Gradman
Compass Point To Hold Call Addressing Mortgage Repurchase Risks
Compass Point Research & Trading, a registered broker/dealer and one of the leading financial research firms investigating Alt-A and subprime mortgage backed securities (MBS), will be hosting a conference call to discuss mortgage repurchase risks. The call will be held … Continue reading
New York Fed Throws Weight Behind Mortgage Buy Backs
As reported in Bloomberg, the Federal Bank of New York has announced that it is involved in “multiple efforts” to exercise its rights with respect to its holdings in faulty mortgages an other assets acquired through the bailouts of Bear … Continue reading
Investor Syndicate Fires Warning Shot Across Trustee Bows
As first reported by Reuters on Wednesday, and as further detailed by Bloomberg today, the Investor Syndicate has finally begun to emerge from the shadows and give securitization trustees a hint at what’s coming. According to Talcott Franklin, the Dallas … Continue reading
Loan File Issue Brought to Forefront By FHFA Subpoena
The battle being waged by bondholders over access to the loan files underlying their investments was brought into the national spotlight earlier this week, when the Federal Housing Finance Agency (FHFA), the regulator in charge of overseeing Fannie Mae and … Continue reading
When Fed Bailed Out A.I.G., Banks Were Given Immunity
The story just keeps getting worse as more details about Credit Default Swaps (CDS) emerge daily. CDS were essentially side bets on the performance of other mortgage derivatives, such as mortgage backed securities (MBS) and collateralized debt obligations (CDO). From … Continue reading
