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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BNY Mellon Capital Markets has expanded its treasuries and mortgage-backed securities desks with the hiring of Dan Mullholland as head of U.S. Treasury trading and eight MBS professionals from Ally Securities.
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The Office of Mortgage Settlement Oversight has retained BKD, Baker Tilly Virchow Krause, Crowe Horwath, Grant Thornton and McGladrey to serve as secondary professional firms to oversee compliance by the five mortgage servicers subject to the settlement.
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Hedge fund GoldenTree Asset Management has expanded mortgage-backed securities trading with the hiring of Deeb Salem.
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European property investment fell 20% to EUR5.5 billion ($6.83 billion) in July from a year earlier, according to PropertyEU’s survey of reported transactions.
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Belgian bank and insurer KBC said it plans to issue its first covered bond under the country’s new legislation for the instruments before the end of the year or in the first quarter of next year.
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Germany’s Bayerische Landesbank has filed a lawsuit in Manhattan against Barclays, charging the U.K. bank misrepresented the underwriting standards for the loans that were packaged into mortgage-backed securities.
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Global lending growth slowed to 4% in 2011 and will likely slow to 3% this year, according to Fitch Ratings.
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Standard & Poor’s has revised the criteria it uses for rating commercial mortgage-backed securities that may result in higher ratings as it works to regain a foothold in the CMBS market.
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The U.S. commercial mortgage real estate market is expected to experience “continued slow and uneven improvement,” according to Fitch Ratings.