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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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Mill Valley, Calif.-based Redwood Trust, the sponsor of the year’s first private-label residential mortgage securitization, shifted from one ratings agency to another in order to get a better rating on its Sequoia Mortgage Trust 2011-1. -
Berkadia Commercial Mortgage has hired commercial mortgage-backed securities veteran Hugh Hall as a managing director of capital markets as part of a plan to expand origination programs after cutting back during the downturn.
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Real estate investment firm Recourse Capital has purchased Churchill Pacific Asset Management, a Los Angeles-headquartered collateralized loan obligation manager with $1.9 billion under management.
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Jim Stehli, former global co-head of collateralized debt obligations at UBS, has joined CRT Capital, a Stamford, Conn.-based broker dealer, to launch a new CDO effort.
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Stephen Condon, manager of the securitization group at the U.K. Financial Services Authority’s prudential risk division, has joined the U.K. Asset Resolution, the bad bank arm of the government-owned banks Northern Rock and Bradford & Bingley.
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The European Securities and Markets Authority is expanding its credit rating agency, derivatives and asset management expertise, and this week has begun hiring for its Markets and Intermediaries Division.
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Scott Eichel, Stamford, Conn.-based global co-head of mortgage and asset-backed trading at the Royal Bank of Scotland, has been promoted to global head of securitized products and head of U.S. credit.
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Ambra Paterno-Castello, a commercial mortgage-backed securities trading head at Deutsche Bank in London, has switched roles within the firm to a standalone desk.
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Credit Suisse has hired Dale Westhoff, former head of consumer modeling at JPMorgan, as its global head of structured products research in a bid to promote its mortgage securitization analytics model.
