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SEC Charges Three Subprime Lenders with Fraud
The Securities and Exchange Commission has charged three former executives of the bankrupt New Century Mortgage with fraud in connection with their accounting practices and reports to investors as the company was failing in 2007.
Commercial MBS Delinquencies Rise in Third Quarter
The Mortgage Bankers Association is reporting that delinquencies in commercial loan portfolios rose during the third quarter. Increases were noted in four of the five portfolio categories tracked by the group.
Treasury Auctions, Bernanke, Retail Sales, Consumer Credit on Thin Calendar
The relatively slow week ahead should give financial markets plenty of time to digest Friday’s employment news, which saw the nation’s unemployment rate fall to 10.0% as just 11,000 jobs were lost in the month ― the smallest monthly decline since December 2007.rnrnKey data doesn’t hit markets until Thursday so lots of attention will be put on Ben Bernanke’s Monday speech
Latest Articles
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...