Latest news
Latest news
In March Lone Star closed its fourth residential mortgage fund at over $1bn
Bank’s relationship with SpringCash is ‘commercial’
Deal is the first seasoned performing and reperforming loan deal for Mill City Mortgage this year
More articles
More articles
-
Private equity firm Stone Point Capital is buying a majority stake in Sabal Capital Partners, a California-based lender focused on financing affordable multifamily properties. -
Morgan Stanley has been mandated as sole arranger and joint lead manager with Barclays for Towd Point Mortgage Funding 2018-Auburn 12, in what may be one of the final ABS announcements before the seasonal summer lull in Europe.
-
Holders of HSH Nordbank’s tier one securities are requesting documentation from the German bank’s owners through the US legal system. They say the sale of the bank was designed to harm them.
-
A divided panel of three appellate judges ruled late on Monday that the organization of the Federal Housing Finance Agency (FHFA), which oversees US mortgage giants Fannie Mae and Freddie Mac, violates the spirit of the US Constitution.
-
Cerberus Capital Management is exploring options for Auburn 9 — a UK buy-to-let RMBS sold in 2015 — and is considering a sale of the entire mortgage portfolio before the next interest payment period in August, according to a regulatory filing last week.
-
At a panel held at the American Enterprise Institute in Washington, DC on Thursday, the former director of the Federal Housing Finance Agency (FHFA) from 2009-2014 defended the duopoly of Fannie Mae and Freddie Mac, stating it was economically necessary for the agencies to buttress the mortgage market.
-
The European Central Bank said this week it wants banks to provision for legacy non-performing loans in the same way as for new NPL inflows. But, in a major boost for Europe's weakest banks, it is prepared to give heavily burdened banks more time to raise provisions.
-
Fannie Mae has announced a pilot programme that would see the government-sponsored enterprise wade deeper into the mortgage insurance business, a move that some critics warn could further distort American housing finance.
-
Iccrea Banca, the banking group owned by Italian mutual banks, announced the completion of a €1bn NPL securitization transaction on Tuesday, pooling loans from multiple originators, with an application now pending for a state guarantee (GACS) for the senior tranche rated Baa3/BBB- by Moody’s and Scope Ratings, respectively.
