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  2. UBS to pay $1.44 billion in mortgage-backed securities ... - AOL

    www.aol.com/finance/ubs-pay-1-44-billion...

    UBS agreed to pay $1.44 billion in penalties to settle allegations of fraud in the sale of residential mortgage-backed securities, the Department of Justice announced on Monday, resolving a case ...

  3. Kareem Serageldin - Wikipedia

    en.wikipedia.org/wiki/Kareem_Serageldin

    On April 12, 2013, Serageldin pleaded guilty to fraudulently inflating the prices of asset-backed bonds which comprised subprime residential mortgage backed securities and commercial mortgage backed securities in Credit Suisse's trading book in late 2007 and early 2008.

  4. Residential mortgage-backed security - Wikipedia

    en.wikipedia.org/wiki/Residential_mortgage...

    Residential mortgage-backed security (RMBS) are a type of mortgage-backed security backed by residential real estate mortgages. [1]Bonds securitizing mortgages are usually treated as a separate class, making reference to the general package of financial agreements that typically represents cash yields that are paid to investors and that are supported by cash payments received from homeowners ...

  5. Credit Suisse wins mortgage securities case in London - AOL

    www.aol.com/news/credit-suisse-wins-mortgage...

    LONDON (Reuters) -Credit Suisse saw off a case brought against the bank over $100 million of notes linked to residential mortgage-backed securities on Friday, resolving another legacy legal ...

  6. GMAC ResCap - Wikipedia

    en.wikipedia.org/wiki/GMAC_ResCap

    In September 2008, after suffering heavy losses during the subprime crisis, New Jersey Carpenters Health Fund sued the company and the underwriters of residential mortgage-backed securities issued by affiliates of the company, claiming that the prospectuses and registration statements of the RMBS did not adequately disclose the risks, were misleading to investors, and violated securities law.

  7. Wells Fargo, Morgan Stanley Under Scrutiny for Mortgage ... - AOL

    www.aol.com/news/2012-09-19-wells-fargo-morgan...

    Houston law firm Gibbs & Bruns LLP has accused Wells Fargo (NYS: WFC) and Morgan Stanley (NYS: MS) of failing to service more $73 billion in residential mortgage-backed securities (RMBS ...

  8. Taylor, Bean & Whitaker - Wikipedia

    en.wikipedia.org/wiki/Taylor,_Bean_&_Whitaker

    On August 3, 2009, SIGTARP special agents raided the company's headquarters in Ocala, Florida, in connection with an investigation related to the company's acquisition of a majority stake in Colonial BancGroup, once one of the 25 biggest depository banks in the U.S. [3] Taylor, Bean & Whitaker had signed a deal on March 31, 2009, to become the majority owner of Colonial BancGroup in a $300 ...

  9. JPMorgan Chase Agrees to Pay $4.5 Billion Over Bad Mortgage ...

    www.aol.com/2013/11/15/jpmorgan-chase-agrees...

    Alamy By Karen Freifeld NEW YORK -- JPMorgan Chase & Co (JPM) said on Friday it agreed to pay $4.5 billion to settle claims by investors who lost money on mortgage-backed securities before the ...