Sentence examples for quality of mortgage from inspiring English sources

MBIA will drop a lawsuit over the quality of mortgage bonds underlying the contracts, Morgan Stanley said.

The bank didn't admit to breaking the law, but it agreed it misrepresented the quality of mortgage securities that it sold.

The authorities had said that UBS and other major banks had misrepresented the quality of mortgage securities they sold investors at the height of the American housing bubble.

The society said the quality of mortgage lending had been stable, with the number of loans above 90% of the value of the property at just 2.4% of its total loan book.

By Samantha Henig September 2, 2011 [ image: /photos/590954ea019dfc3494e9ea73] To know: The federal agency that oversees Fannie Mae and Freddie Mac is set to sue a dozen big banks for misrepresenting the quality of mortgage securities.

When asked generally about the quality of mortgage bonds issued by companies that are now part of the bank, Lawrence Di Rita, a spokesman for Bank of America, said the disclosures were robust enough for sophisticated investors.

Almost three weeks ago, MBIA filed a lawsuit against Countrywide Financial, accusing the company of lying about the quality of mortgage-backed securities that MBIA essentially guaranteed.

The Justice Department deal is thought to include a $4bn payment to settle claims that the bank misled lending giants Fannie Mae and Freddie Mac about the quality of mortgage-backed securities it sold them before the 2008 crash.

The reputations of the ratings agencies are still stained by their gross overstating of the quality of mortgage-backed bonds before the credit crisis (see article).In this section Anarchy in the UK Central bankers to the rescue?

VENTUREBEAT U.S. Readies Mortgage-Related Suits Against Big Banks  |  The Federal Housing Finance Agency, which oversees the mortgage behemoths Fannie Mae and Freddie Mac, is preparing to hit more than a dozen large banks with lawsuits, accusing them of misrepresenting the quality of mortgage-backed securities they sold at the height of the housing bubble, The New York Times reports.

The lawsuit cites 2007 e-mails from the bank's own securities traders expressing frustration about the quality of mortgages.