Hints and tips:
...‘Six people were rejected from the trial’s jury pool, including a professor and a mortgage underwriter’ (NYT Dealbook)....
...Funding III, which was comprised of securities tied to home mortgages....
...The SEC alleged that Citi was negligent in failing to tell investors in a $1bn CDO – known as Class V Funding III – that the bank had helped to select $500m of mortgage assets that went into the security...
...The settlement also requires remedial action by Citigroup in its review and approval of offerings of certain mortgage-related securities....
...The Supreme Judicial Court (SJC), in Commonwealth v Ibanez, recently upheld Massachusetts law and stated that “only the present holder of a mortgage is authorized to foreclose on the mortgaged property.”...
...UK mortgage approvals in November rose to the highest level since March 2008. Earlier, China’s manufacturing sector expanded at its fastest pace in more than five years during December....
...“V-shaped” recoveries, in which employment comes roaring back, take place only when there’s a lot of pent-up demand....
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