yield

Magnetar Echoes Livinglies call for Alignment of Investors, Servicers and Borrowers

see Magnetar%20Mortage%20Recovery%20Backstop%20Whitepaper%20Jun09.pdf Magnetar Mortage Recovery Backstop Whitepaper Jun09 Two things jump out at me with this paper from June, 2009. First it is obvious that the “real money” investors are defined as those seeking low risk and willing to take lower yield. The fact that they are called “Real Money Investors” underscores my point about …

Magnetar Echoes Livinglies call for Alignment of Investors, Servicers and Borrowers Read More »

Garfield Continuum White Paper Explains Economics of Securitization of Residential Mortgages

SEE The Economics and Incentives of Yield Spread Premiums and Credit Default Swaps March 23, 2010: Editor’s Note: The YSP/CDS paper is intentionally oversimplified in order to demonstrate the underlying economics of securitization as it was employed in the last decade. To be clear, there are several things I was required to do in order …

Garfield Continuum White Paper Explains Economics of Securitization of Residential Mortgages Read More »

Securitization and TILA Audits: You Can't Do One without the Other

Article below submitted From the desk of Brad Keiser: Editor’s note: This is a perfect example of why ignoring the complexities of securitization leaves all the red meat on the table. The commingling of funds that is cited in the article below is exactly what I have I have been talking about , exactly why …

Securitization and TILA Audits: You Can't Do One without the Other Read More »

Yield Spread Premiums Prove Appraisal Fraud: The Key to Understanding The Mortgage Mess

OK I’m upping the ante here with some techno-speak. But I’ll try to make it as simple as possible. YIELD is the percentage or dollar return on investment. For example, if you buy a bond for $1,000 and the interest rate is 5%, the yield is 5%. You are expecting to receive $50 per year …

Yield Spread Premiums Prove Appraisal Fraud: The Key to Understanding The Mortgage Mess Read More »

Scroll to Top