Investments

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)…