Latest news
Latest news
Key points of contention include the investor sanctions regime and the definition of 'resilience'
Magnetar and Chorus Capital lose experienced pros
Vida Bank is also building up its funding team
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Amsterdam-based Kas Bank has named Beta Steiner as the new head of securities lending.
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Robert Kelly has quit as chairman and ceo of BNY Mellon over “differences in approach in managing the company,” according to the bank.
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The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, has joined in filing objections to the proposed $8.5 billion Bank of America mortgage-servicing settlement.
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U.S. District Judge Robert Sweet of New York has dismissed a lawsuit brought against Bank of America by BNP Paribas Mortgage and Deutsche Bank over hundreds of millions of dollars they claim they lost from asset-backed securities sold by the bank.
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Standard & Poor’s has given an AAA rating to 59% of the new Springleaf Mortgage Loan Trust 2011-1, a subprime residential mortgage-backed security.
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Bank of America is said to be looking to get out of the correspondent-mortgage business as it no longer fits into the bank’s long-term strategy.
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Canada Mortgage and Housing Corp. said its mortgage refinance activity plunged roughly 40% after the government introduced tougher mortgage rules earlier this year.
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The Invictus Consulting Group has launched a new service designed to help hedge funds access “hard to obtain forward-looking bank stress test information to determine “whether a bank stock is over, under or fairly valued in relation to its peers.”
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C-III Capital Partners has acquired the commercial real estate special servicing and collateralized debt obligation management businesses of JER Partners.