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
More articles
More articles
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Countrywide Financial and its parent, Bank of America, are facing another lawsuit for alleged misrepresentations about mortgage-backed securities sold by their affiliates.
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Aston Asset Management’s New ASTON/DoubleLine Core Plus Fixed Income Fund is planning to invest in mortgage-backed securities among other asset classes.
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Bank of America-Merrill Lynch is said to be considering a sale of some $40 billion of mortgage-servicing rights linked to loans issued by Freddie Mac.
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An estimated one-quarter of loans modified through Citigroup’s private programs have redefaulted over the past two years, according to John Gerspach, the bank’s cfo.
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The Royal Bank of Canada Capital Markets’ U.S. covered bond origination chief sees opportunity in overseas banks tapping U.S. investor appetite for covered bonds. -
Robert Bostrom, the executive v.p., general counsel and corporate secretary for Freddie Mac, is jumping to private practice and will start work at SNR Denton in mid-August.
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The U.S. Securities and Exchange Commission is said to be looking into whether banks are providing shareholders with accurate information about potential mortgage-related liabilities from payouts and legal challenges.
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Dexia, the European municipal lender, has filed a lawsuit against Deutsche Bank over $1 billion in residential mortgage-backed securities it bought from the German bank.
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Federal Home Loan Banks in Boston, Chicago, Indianapolis, Pittsburgh, San Francisco and Seattle, along with TM1 Investors, are questioning the fairness of Bank of America’s proposed $8.5 billion settlement over soured mortgage-backed securities.
