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...The closed-end fund is to buy distressed mortgage securities from financial companies – the very investments that have hurt so many banks....
...Countrywide Financial Corporation, et al is ostensibly brought on behalf of purchasers of such CWALT, Inc. mortgage pass-through certificates, as well as various other mortgage-backed securities registered...
...“Its listed affiliate, KKR Financial, announced a loss of at least $40m from the forced sale of some of its residential mortgages, causing its stock to plummet....
...The rating agency’s non-conforming Residential Mortgage Backed Securities (RMBS) index tracks the performance of subprime mortgages securitised into capital markets....
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