Latest news
Latest news
Banker had been at NatWest for three years
New hire to be US head of digital infrastructure finance for combined firm
More articles
More articles
-
A federal judge in Los Angeles has barred American International Group from suing Bank of America’s Countrywide Financial unit over some losses from mortgage-backed securities because they were filed more than three years after the MBS were issue, past the statute of limitations.
-
The Mortgage Bankers Association has revised upward by nearly $200 billion its forecast for mortgage origination in 2012, largely because of an increase in refinancing activity.
-
Matthew Stegman is said to have been named the lead coordinator to the Obama administration’s Residential Mortgage-Backed Securities Working Group.
-
Berlin-Hannoversche Hypothekenbank has issued Germany’s first jumbo-mortgage pfandbrief of 2012, with banks snapping up 37% of the EUR1 billion ($1.26 billion) order book.
-
Phoenix Life SF and Blue Heron Funding II have filed a lawsuit against several large banks for $1.8 billion, charging the banks misrepresented the loans underlying mortgage-backed securities they sold.
-
Bank of America has agreed to buy back an estimated $330 million of mortgages sold to Freddie Mac due to a technical error.
-
Citigroup is selling $99 million non-performing residential mortgages. In the past year,
-
JPMorgan Chase has hired William McLucas, a one-time head of enforcement at the U.S. Securities and Exchange Commission, amid investigations by regulators of the investment bank’s derivatives-related losses.
-
Barclays is said to be looking to sell between180 to 200 branches in Italy and has received three inquiries into a sale that would involved EUR4 billion ($5.11 billion).