Latest news
Latest news
PAG also hires new vice president
Agreement on the EU package could run to December, senior lawyer told conference
Octopus Electric Vehicles has also added to its capital markets team
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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.
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Avis Budget Group has completed it has completed an offering of $650 million of asset-backed bonds with a weighted average interest rate of 3.5%.