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Results: 1-10 of 47

Agency pass-through MBS

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • November 19 2012

On November 13th, the Financial Industry Regulatory Authority ("FINRA") noted that on November 12, 2012, the amendments to the FINRA Rule 6700 Series and TRACE dissemination protocols regarding the reporting and dissemination of transactions in TRACE-eligible securities that are agency pass-through mortgage-backed securities that are traded to be announced ("TBA") became effective

Fear of unfavorable settlement doesn't justify intervention

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • June 3 2013

On May 21st, the D.C. Circuit affirmed the district court's order denying a motion to intervene. Senior note-holders of Washington Mutual ("WaMu"), a

Mortgage securitization case reinstated

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • June 3 2013

On May 17th the U.S. District Court for the Southern District of New York, on its own initiative, vacated an order granting summary judgment to

Financial services update February 3 2015 banking agency developments

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • February 3 2015

On January 30th, the Federal Deposit Insurance Corporation ("FDIC") requested comment on a proposed rule that would amend the definition of

Massachusetts Attorney General rejects broad settlement release

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • August 1 2011

On July 25th, Bloomberg reported that the Massachusetts Attorney General said she will not support a global home foreclosure procedures settlement if it includes a release of claims for the banks' securitization practices or relationship with Mortgage Electronic Registration Systems ("MERS"

Treasury Department considers new foreclosure avoidance plan

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • July 25 2011

On July 20th, Bloomberg reported that the Treasury Department is examining the feasibility of selling non-performing and underwater home mortgages from private label securitizations in an effort to help distressed homeowners avoid foreclosure

N.Y. Attorney General wants information about Bank of America MBS settlement

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • July 18 2011

On July 12th, Reuters reported that the New York Attorney General is inquiring into Bank of America's proposed $8.5 billion settlement of investor lawsuits stemming from the sale of mortgage-backed securities ("MBS"

California may join MBS investigations

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • July 18 2011

On July 14th, the Los Angeles Times reported that the California Attorney General met with the New York Attorney General to discuss joining New York's examination of how banks create and sell mortgage-backed securities

Companies engaged in the business of acquiring mortgages and mortgage-related instruments

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • September 12 2011

On August 31st, the SEC requested information about companies that are engaged in the business of acquiring mortgages and mortgage-related instruments and that rely on the exclusion from the definition of investment company in Section 3(c)(5)(C) of the Investment Company Act, and how Section 3(c)(5)(C) of the Act is interpreted by, and affects investors in, these companies

Justice Department examines MBS ratings practices

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • August 22 2011

On August 18th, Bloomberg reported that the Justice Department is investigating the credit ratings Standard & Poor's and Moody's Investor Service gave to mortgage-backed securities