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Latest news
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
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Conflicts of interest between lenders and note holders in synthetic European commercial mortgage-backed securities structures may have a material negative impact on the loan workout process, according to Fitch Ratings.
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UBS and Credit Suisse are strong enough to handle stricter capital requirements proposed by the Swiss government than those adopted by the Basel Committee on Banking Supervision, according to Patrick Odier, president of the Swiss Bankers Association.
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Michael Wade, managing director and former co-head of asset finance at Credit Suisse, has left the firm.
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There are advantages and disadvantages of using collateralized loan obligations and leveraged loan closed-end funds as investment vehicles for leveraged loan managers, as well as senior and junior investors, according to Fitch Ratings.
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Countrywide Financial Corp and GMAC Mortgage have been charged with “massive frauds” in connection with mortgage-backed securities sold to Thrivent Financial for Lutherans.
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Deteriorating performance has prompted Moody’s Investors Service to downgrade most of $1.55 billion of prime jumbo residential mortgage-backed securities.
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Standard & Poor’s has approved LenderLive Network as a third-party due diligence provider of results in the agency’s process of rating residential mortgage-backed securities.
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Barclays Capital has added Mahesh Rajagopalan and Kahif Gilani as director and v.p. to its securitized products origination group.
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The Federal Housing Finance Agency has ordered Fannie Mae and Freddie Mac to align procedures and incentives for mortgage servicers handling delinquent mortgages.