Tag: mortgage-backed securities

Top Wall Street Banks to Take Paper Losses of $17 Billion in Mortgage-Backed Securities

November 18, 2022
Business & MarketsCompanieseconomyinflationjp morgan chasemortgage ratesmortgage-backed securitiesreal estateunrealized lossesUSUS NewsUS Real EstateWall StreetWells Fargo
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Rising mortgage rates are forcing big banks to write down losses on their mortgage-backed securities (MBS) amid the Federal Reserve’s tightening interest rate policy and regulations. An MBS is an investment product that bundles home loans and other real estate debts, which then are bought from the banks that issued them. Wall Street’s big four…

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Wall Street’s Latest Stealth Threat to the Global Economy, and Your Money

February 25, 2022
bondsBusiness & EconomyBusiness Columnistsmortgage-backed securitiesOpinionViewpoints
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Commentary Investors are always looking for ways to earn above-market returns—and Wall Street is always happy to come up with some creative ways to oblige. Back during the 2008 meltdown, they fed the market’s appetite for yield with something called collateralized debt obligations or CDOs. These weren’t new innovations. They were created back in 1987…

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Fed’s Quarles Warns Additional Government Spending Could Lead to Extended Period of Transitory Inflation

October 21, 2021
Business & EconomyEconomieseconomyFederal Reserveinflationmortgage-backed securitiessupply chaintransitoryUSUS News
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Federal Reserve Gov. Randal Quarles on Wednesday warned that additional government spending being contemplated by the Biden administration could lead to “transitory” inflation continuing for too long. Speaking at a Milken Institute conference in Los Angeles, Quarles noted that the central bank has been increasing its holdings of Treasury securities and agency mortgage-backed securities by $120 billion a month since…

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