NCUA Launches Biggest Offering Of Corp Bonds

Roberts, Ed
November 2010
Credit Union Journal;11/15/2010, Vol. 14 Issue 46, p1
Trade Publication
The article reports that the U.S. National Credit Union Administration (NCUA) has launched almost 5.4 billion dollars of NCUA Guaranteed Bonds from mortgage-backed securities (MBS) comprised of cash flows from failed corporate credit unions, making them responsible for additional losses on the bonds.


Related Articles

  • NCUA Tries New MBS Idea.  // National Mortgage News;3/29/2010, Vol. 34 Issue 26, p15 

    The article reports on the decision of the National Credit Union Administration to weigh the possibility of releasing securities supported by 50 billion dollars of mortgage-backed securities (MBS)I that belonged to failed corporate credit unions in the U.S. in 2010.

  • NCUA to Offer $2.8 Billion of CMBS.  // American Banker;10/29/2010, Vol. 175 Issue F342, p15 

    The author reports on commercial backed mortgage securities that will be offered by the U.S. National Credit Union Administration (NCUA).

  • Regulator offers guidance on when to shed mortgage securities as interest rate rises. Arndorfer, James B. // American Banker;5/30/1995, Vol. 160 Issue 102, p11 

    Cites steps outlined by the National Credit Union Administration (NCUA) for financial institutions to take when mortgage securities are devalued by rising interest rates. Comments by NCUA executive director Karl Hoyle; Need for credit unions to periodically apply a three-part...

  • NCUA Disputes Affirmative Defense. Mcgarvey, Robert // Credit Union Times;1/18/2012, Vol. 23 Issue 2, p6 

    The article presents information on the disputes between the organization National Credit Union Administration and the top officers of the credit union WesCorp on the blame for investments in mortgage-backed securities.

  • NCUA Sues Barclay's -- Agency's Seventh Against Wall Street Investment Firms.  // Pratt's Mortgage Compliance Letter;Oct2012, Vol. 12 Issue 10, p4 

    The article reports that a lawsuit has been filed by the National Credit Union Administration against Barclay's Capital Inc. on September 25, 2012, alleging violation of federal and state securities laws through misrepresentations in the sale of mortgage-backed securities.

  • NCUA MBS Suits Score Appeal Win. ANDERSON, HEATHER // Credit Union Times;9/4/2013, Vol. 24 Issue 34, p5 

    The article discusses a court case wherein the U.S. 10th Circuit Court of Appeals in Denver, Colorado ruled on August 27, 2013 that the National Credit Union Administration can proceed with its claims against Wall Street companies over mortgage-backed securities sold to the failed U.S. Central...

  • Debate on curbing credit unions' use of mortgage-backed securities. Talley, Karen // American Banker;12/3/1996, Vol. 161 Issue 230, p8 

    Reports on the National Credit Union Administration's proposal to limit mortgage securities investments by credit unions. Bond Market Trade Association's criticisms to the proposal; Implications of the collapse of Capital Corporate Credit Union; Executives appointed by Prudential Securities.

  • NCUA Sues Wells Fargo.  // Pratt's Mortgage Compliance Letter;Feb2015, Vol. 15 Issue 2, p2 

    The article discusses a court case in which the National Credit Union Administration claimed that Wells Fargo Bank National Association failed in its duties as trustee for 27 residential mortgage-backed securities trusts.

  • NCUA Charges Credit Suisse with Bait and Switch.  // Pratt's Letter;10/15/2012, p2 

    The article reports on the suit filed by the National Credit Union Administration (NCUA) against Credit Suisse AG on October 4, 2012, regarding the sale of faulty mortgage securities to corporate credit unions.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics