mortgage-backed securities

Credit Suisse Sued Over Mortgages

by San Antonio Attorney

Credit Suisse Group is being sued by the New York attorney general over allegations of deceiving investors in mortgage-backed securities. NY attorney general Eric T. Schneiderman claims that Credit Suisse misrepresented the quality of loans underlying the mortgage-backed securities, which it financed and underwrote from 2006 to 2007. The action cost customers more than $11 […]

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Annaly Capital Management Inc. (NLY), the biggest U.S. real-estate investment trust that purchases mortgage debt, said that if President Barack Obama is re-elected it will result in a more aggressive housing policies, such as new attempts to urge mortgage refinancing among borrowers with loans backed by the government. If Obama triumphs, the mortgage lenders can […]

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