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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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There are advantages and disadvantages of using collateralized loan obligations and leveraged loan closed-end funds as investment vehicles for leveraged loan managers, as well as senior and junior investors, according to Fitch Ratings.
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Countrywide Financial Corp and GMAC Mortgage have been charged with “massive frauds” in connection with mortgage-backed securities sold to Thrivent Financial for Lutherans.
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Deteriorating performance has prompted Moody’s Investors Service to downgrade most of $1.55 billion of prime jumbo residential mortgage-backed securities.
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Standard & Poor’s has approved LenderLive Network as a third-party due diligence provider of results in the agency’s process of rating residential mortgage-backed securities.
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Barclays Capital has added Mahesh Rajagopalan and Kahif Gilani as director and v.p. to its securitized products origination group.
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The Federal Housing Finance Agency has ordered Fannie Mae and Freddie Mac to align procedures and incentives for mortgage servicers handling delinquent mortgages.
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More than 500 banks owe an estimated $146 billion in repayments to the Department of the Treasury for bail-out funds they received through the Troubled Asset Relief Program, according to the Special Inspector General of TARP.
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Mortgage servicers saw a 23% decline in income in the first quarter as the result of longer foreclosure timelines and regulatory crackdown on fees they charge, according to Lender Processing Services.
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The aggregate value of commercial real estate loans that collateralize mortgage-backed securities remained flat in March to 79.8%, down from 79.9% in the preceding month, according to DebtX.