Big bargains have made a roaring comeback on bonds tied to the $16.2 trillion pile of U.S. consumer debt. Higher borrowing costs, tighter credit conditions and sharp losses have been defining forces o...
Tag: Asset Backed Securities
Bank of America to Pay $1.84 Billion to Settle Last Major Mortgage-Crisis Suit
Bank of America closed the door on its last major litigation over mortgage bonds that were at the heart of the financial crisis of 2008. The Charlotte, N.C., bank said Friday it would pay $1.84 billio...
After a Brutal Bond Selloff, Opportunities Have Emerged for Income Investors
For many years, dividend stocks were one of the few places where investors could find decent yields in a world of ultralow rates. A 10-year Treasury bond was dealing out an emaciated 1.3% a year ago, ...
These Mortgage-Backed Securities Offer Hefty Yields, Mild Risk
Text size Bonds from Ginnie Mae, Fannie Mae, and Freddie Mac are more attractive than Treasuries or corporates. David Paul Morris/Bloomberg Move over TINA, it’s time for TARA. The latter stands for “T...
Fed’s Williams says could begin reducing balance sheet as soon as May meeting
The Federal Reserve may begin reducing its balance sheet as soon as its May 3-4 policy meeting to address the level of U.S. inflation that have become “particularly acute,” New York Fed chair John Wil...