September 14, 2017
Thursday’s Advocacy & Think Tank Roundup
- Deutsche Bank is adamant about their role in following all the rules when issuing mortgage bonds. In fact, the mega bank accuses the government of “concocting a baseless theory of fraud.” The bank maintains the government’s claim is meritless, incorrect, and unfair. However, the government believes the bank engaged in a fraudulent scheme during the financial crisis through there mortgage bond procedure.
- Fannie Mae is continuing their sell of performing loans. Their recent sale garnished many bidders; however, MTGLQ secured the re-performing loans. MTGLQ is a subsidiary of Goldman Sachs and in recent years has bought a number of loans from both government sources and public sources. Their latest buy included $2.43 billion in re-performing loans which totaled approximately 10,000 various loans. Spectators agree, the lucrative subsidiary is buying loans by the “truckload.”
