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Diamond Residential Mortgage to pay $1.28 million after rogue branch manager defrauds homebuyers – . Illinois mortgage company will be placed on probation for 36 months and pay $1.2 million in restitution after a state investigation found that a branch manager defrauded a number of consumers.

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Residential mortgage-backed security – Wikipedia – Origins. The origins of modern residential mortgage-backed securities can be traced back to the government national mortgage association (), although variations on mortgage securitization existed in the U.S. in the late 1800s and early 1900s.In 1968, Ginnie Mae was the first to issue a new type of government-backed bond, known as the residential mortgage-backed security.

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Subprime mortgage crisis – Wikipedia – The United States subprime mortgage crisis was a nationwide financial crisis, occurring. Declines in residential investment preceded the recession and were. Some mortgage companies identified risks inherent in this activity as early as .

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