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Vida Bank is also building up its funding team
Bank’s relationship with SpringCash is ‘commercial’
Stefan Jost will take over the role
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CIT Group, a financing provider for small business, has closed a $753 million equipment-lease securitization backed by a pool of leases from its CIT Vendor Finance unit.
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The Royal Bank of Scotland has lost between £10 billion ($16.18 billion) and £20 billion ($32.36 billion) in market value thanks to tougher U.K. banking regulations, according to Stephen Hester, the bank’s ceo.
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Santander reported that gross mortgage lending by Santander UK rose 34% while net lending improved to £200 million ($323.6 million) compared with -£600 million (-$970.7 million) in the first quarter from a year earlier.
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Nomura has now teamed up with Bank of America and Morgan Stanley, which are said to be considering repackaging some $1.5 billion of collateralized debt obligations into a AAA-rated tranche as a re-remic, if it holds the winning bid for CDOs from the Federal Reserve’s Maiden Lane portfolio.
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Trading of commercial mortgage-backed securities has slowed over the past week ahead of a sale of collateralized debt obligations originated by American International Group by the Federal Reserve’s Maiden Lane III portfolio.
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Freddie Mac continued to reduce the size of its mortgage portfolio, shrinking at an annualized rate of 2.9% in March, after declining 3.3% and 4.8% in February and January, respectively.
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Fitch Ratings commented on the announcement by Infonavit, Mexico’s state lender, will begin originating fixed-rate mortgage in June that peso-denominated residential mortgage-backed securities could follow within six to 18 months.
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The rate for loans 30 days or more delinquent fell to 7.09% in March, 8.8% lower than a year earlier, according to Lender Processing Services.
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U.S. Bancorp, Wells Fargo the Blackstone Group have acquired $740 million U.S. loan portfolio from German lender Eurohypo.