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Latest news
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
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The U.S. Department of the Treasury plans to start selling off its $142 billion portfolio of agency residential mortgage-backed securities, with the first batch of $10 billion expected this month.
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Hipotecaria Su Casita, the Mexican mortgage lender, says it is preparing for a swap and restructuring of some $612 million in debt.
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Barclays Capital is said to be liquidating a €300 million ($424 million) collateralized loan obligation to profit from its investment.
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Mortgage debt outstanding for the commercial and multifamily sectors slipped to $2.4 trillion in the fourth quarter, a 0.5% decline from the preceding three-month period, according to the Mortgage Bankers Association.
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Trepp, the commercial mortgage-backed securities provider, has acquired Investcap Advisors, the manager of web platforms containing data on U.S. CMBS and property.
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Lloyds Banking Group has announced it will cut another 570 jobs, bringing staff reduction since the U.K. lender acquired HBOS in September 2008 to nearly 27,000.
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South Africa’s Investec is the latest investment bank to credit its structured-finance operations with helping boost its bottom line.
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The Securities Industry and Financial Markets Association has attacked a plan to standardize mortgage servicing and foreclosure techniques, saying implementation costs could be passed along to investors in mortgage securitizations.
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Westport Investment Group says it has formed a strategic relationship with a multinational mergers and acquisition firm to acquire distressed commercial properties and notes from U.S. banks at a deep discount.