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Banker had been at NatWest for three years
New hire to be US head of digital infrastructure finance for combined firm
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Robert Kelly has quit as chairman and ceo of BNY Mellon over “differences in approach in managing the company,” according to the bank.
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The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, has joined in filing objections to the proposed $8.5 billion Bank of America mortgage-servicing settlement.
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U.S. District Judge Robert Sweet of New York has dismissed a lawsuit brought against Bank of America by BNP Paribas Mortgage and Deutsche Bank over hundreds of millions of dollars they claim they lost from asset-backed securities sold by the bank.
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Standard & Poor’s has given an AAA rating to 59% of the new Springleaf Mortgage Loan Trust 2011-1, a subprime residential mortgage-backed security.
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Bank of America is said to be looking to get out of the correspondent-mortgage business as it no longer fits into the bank’s long-term strategy.
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Canada Mortgage and Housing Corp. said its mortgage refinance activity plunged roughly 40% after the government introduced tougher mortgage rules earlier this year.
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The Invictus Consulting Group has launched a new service designed to help hedge funds access “hard to obtain forward-looking bank stress test information to determine “whether a bank stock is over, under or fairly valued in relation to its peers.”
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C-III Capital Partners has acquired the commercial real estate special servicing and collateralized debt obligation management businesses of JER Partners.
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The U.S. Securities and Exchange Commission has named Kathy Weiss Hanley as deputy director and deputy chief economist for the SEC’s Division of Risk, Strategy and Financial Innovation.