Investments – Page 2

Subprime Mortgages 2012 – AP – A Breakdown in the Good of Order: An Analysis of the Subprime Mortgage Crisis Informed by Bernard Lonergan’s Notion of the Human Good, by Joseph Cioni – 645p

CDO – Collateralized Debt Obligation

Money Market Dale R. Gustafson asks why the really hard questions about the product aren’t reflected in the articles we printed. His nominees for the hard questions are: Are short-term new money investments appropriate for a product designed to meet life-long insurance needs? 1981 11 – SOA – More on Universal Life, The Actuary, Society of…

Mortgage Bonds 1927 – AP – The Guarantee of Mortgage Bonds by Surety Companies, by Edward L. McKenna, Ph.D., Assistant Professor of Insurance, Wharton School of Finance and Commerce – 7p I was very interested to see Kin’s earlier work about the delinquencies versus the Frank Russell, because those of us who do a lot…

High-Yield Bonds Junk Bonds Harold G. Fraine pioneered use of the term “high-yield bond” in 1937. 1994 – AP – Fraine’s Neglected Findings: Was Hickman Wrong?, by Martin S. Fridson, Financial Analysts Journal, Vol. 50, No. 5 (Sep. – Oct., 1994), pp. 43-53 (11 pages), NBER, Study – JSTOR

Contractual Plans Military, SEC (p11) – Alan Richards: Maybe I can make a very brief comment here. There may be some misunderstanding as to the intent of the SEC-sponsored legislation on front-end loads. The front-end load in the strict sense relates only to a contractual plan. The plan is purchased for a fixed period, perhaps…

Municipal Securities SEC – Municipal Securities Cases and Materials: Supplemental Text (2004 – 2010 Cases) – sec.gov/municipal/municase07 2012 01 – GAO – Municipal Securities: Overview of Market Structure, Pricing, and Regulation, Government Accountability Office gao.gov///gao-12-265 Full Report: 91p Many critically important aspects of American life, from airports to sewers and schools to hospitals, depend on the…

MBS – Mortgaged Backed Securities CMBS RMBS 2008 0221 – Report – Connecticut – Mortgage-Backed Securities, 2008-R-0119, By Soncia Coleman, Associate Legislative Analysis – [link] Government National Mortgage Association (Ginnie Mae), which issued the first mortgage pass-through in 1970…. Summary: Securitized assets have existed since the introduction of collateralized mortgage obligations (CMOs) in 1983. Mortgage-backed securities (MBS)…

Securitized Assets 2001 – SOA – Introduction To Securitized Assets, Society of Actuaries – 36p Summary: Securitized assets have existed since the introduction of collateralized mortgage obligations (CMOs) in 1983. Mortgage-backed securities (MBS) and various types of asset-backed securities (ABS) now provide a myriad of choices for terms and characteristics. New types of ABS are developed…