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Stock impact report

UBS reaches $230M settlement in New York mortgage securities probe [Seeking Alpha]

New York Mortgage Trust, Inc. (NYMT) 
Last new york mortgage trust, inc. earnings: 2/24 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: nymtrust.com
Company Research Source: Seeking Alpha
UBS reaches $230M settlement in New York mortgage securities probeUBS agrees to a$230M settlement to resolve charges brought by New York state that it misled and hurt investors by selling subprime mortgage securities that contributed to the 2008 financial crisis.The New York probe focused on $10B-plus of residential mortgage-backed securities backed by subprime collateral from 15 offerings sponsored by UBS during 2006-07.UBS is the seventh bank to settle similar claims by New York, resulting in ~$3.93B of settlements.Click to subscribe to real-time analytics on UBSNow read:Cutting Through The Smoke And Mirrors Of AI On Wall Street » Show less Read more
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