Latest news
Latest news
Bank’s relationship with SpringCash is ‘commercial’
Stefan Jost will take over the role
Koning to leave in the next year
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Citigroup hired Raul Orozco as a v.p. structuring commercial mortgage-backed securities.
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The U.S. Federal Housing Finance Agency has broadly criticized local governments’ use of eminent domain to refinance underwater mortgages.
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The Government National Mortgage Association has approved San Diego-based Silvergate Bank to issue Ginnie Mae Home Equity Conversion mortgage-backed securities.
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The percentage of loans paying off on their balloon date fell to 26.3% in July, the lowest rate in 12 months, according to Trepp.
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Two out of three U.K. asset managers said they do not expect the London Interbank Offered Rate to survive unscathed by the recent scandal, according to F&C Investments.
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The Federal Reserve Bank has fined MetLife $3.2 million for failing to adequately oversee its subsidiary bank's mortgage loan servicing and foreclosure processing operations.
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Eric Rosengren, president of the Federal Reserve Bank of Boston, says the Fed should launch another program to purchase mortgage-backed and Treasury securities and keep it running for as long as necessary until the central bank is satisfied the economy is healthy.
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The Real Estate Investment Securities Association has hired John Harrison as executive director and ceo. Harrison most recently was v.p. of the turnaround team of paper industry trade association TAPPI.
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Gleacher & Co. Securities has hired Michael Lanigan as managing director and head of mortgage-backed securities and rates sales and David Philbin as a director.