Banks Step Up Mortgage Help To Beat Deadline

Banks have been accelerating reducing principal for troubled borrowers as part of their settlement last year over mortgage practices to take advantage of terms that reward them for quick resolutions before the bonus expires Feb. 28.

  • 22 Feb 2013

Banks have been accelerating reducing principal for troubled borrowers as part of their settlement last year over mortgage practices to take advantage of terms that reward them for quick resolutions before the bonus expires Feb. 28.

Click here to read the story from Bloomberg.

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

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1 Citi 40,734.72 129 10.87%
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3 Wells Fargo Securities 31,464.27 90 8.40%
4 Bank of America Merrill Lynch 29,270.38 93 7.81%
5 Credit Suisse 23,189.41 72 6.19%