For many people, owning real estate is one of the most desirable ways to invest their money. Yet, investing in real estate can be both[...]
Securities & Investment FAQ
FINRA Rule 3240 governs borrowing and lending arrangements between registered investment advisors (RIAs) and customers of their member firm. For the most part, this type[...]
This article was originally published by Reuters.com. FINRA – the industry-financed overseer of brokerages – knows which firms tend to employ advisers with histories of[...]
The Mortgage Markets Understanding Mortgage Backed Securities (MBSs) necessitates a basic understanding of mortgages, the mortgage markets and their related terminology. Mortgages are loans generally[...]
To appreciate the subprime mortgage crisis, which will lead to significant litigation over the sale of MBSs, one must review the major events of 2006[...]
This scholarly article was written by Jeffrey Sonn, Esq., Jennifer P. Farrar, Esq., and Kirk Reasonover, Esq. It contains over 6,000 words and would certainly[...]
Now that we have defined the basics of mortgages and the recent meltdown in the subprime markets, we will examine the secondary market and GSEs.[...]
Many investors have a general understanding of mutual funds: An investment vehicle that lets investors combine their money into one pool in order to purchase[...]
Prior to the creation of Collateralized Mortgage Obligations by non-agency institutions, the most common structure was primarily accomplished by GSE’s, who would buy loans from[...]
Since 1983, mortgage pass-through securities and mortgages have been securitized as collateralized mortgage obligations (CMOs). While pass-through securities share prepayment risk on a pro rata[...]