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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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Europe’s bids-wanted-in-competition shot up to €3 billion (4.35 billion) in asset-backed securities last month, more than double the amount on offer in previous months, according to analysts at the Royal Bank of Scotland.
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Lazard has hired a team from Amias Berman to start a structured credit advisory business. Alan Patterson has joined as managing director, with Andrew Feachem, Juan Carlos Martorell, and Aman Panaech as directors and Abror Ismailov as vice president.
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Nomura Securities could be looking to add a senior student loan securitization trader after Monica Mehra, v.p., left the firm recently, according to a bank official.
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Syncora Guarantee has filed suit against Bear Stearns, now owned by JPMorgan Securities, for allegedly making false and misleading statements about the loans in a 2007 mortgage-backed securities deal.
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Fannie Mae has issued new standards for mortgage servicers regarding the management of delinquent loans, default prevention and foreclosure time frames under the Federal Housing Finance Agency's servicing alignment initiative announced in April.
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The mortgage industry’s lobbying efforts have succeeded in persuading regulators to extend the comment period on a proposed risk-retention rule for issuers of mortgages.
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General Electric and Capital One Financial are said to be placing bids for ING Direct USA, ING Groep’s online bank.
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Goldman Sachs is said to be preparing to release documents on its mortgage-related investments that it expects will discredit a Senate subcommittee report as inaccurate and incomplete.
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Goldman Sachs has sold its Litton Loan Servicing unit to Ocwen Financial for $264 million, much less than the $428 million Goldman paid for it in 2007.