Latest news
Latest news
Japanese bank poaches Barclays structured credit sales director
'The lessons of the financial crisis should not be forgotten,' spokesperson warns
The point of 'Simple, Transparent and Standardised' is that these deals are safe
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The U.S. Federal Housing Finance Agency has broadly criticized local governments’ use of eminent domain to refinance underwater mortgages.
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The Government National Mortgage Association has approved San Diego-based Silvergate Bank to issue Ginnie Mae Home Equity Conversion mortgage-backed securities.
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The percentage of loans paying off on their balloon date fell to 26.3% in July, the lowest rate in 12 months, according to Trepp.
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Two out of three U.K. asset managers said they do not expect the London Interbank Offered Rate to survive unscathed by the recent scandal, according to F&C Investments.
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The Federal Reserve Bank has fined MetLife $3.2 million for failing to adequately oversee its subsidiary bank's mortgage loan servicing and foreclosure processing operations.
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Eric Rosengren, president of the Federal Reserve Bank of Boston, says the Fed should launch another program to purchase mortgage-backed and Treasury securities and keep it running for as long as necessary until the central bank is satisfied the economy is healthy.
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The Real Estate Investment Securities Association has hired John Harrison as executive director and ceo. Harrison most recently was v.p. of the turnaround team of paper industry trade association TAPPI.
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Gleacher & Co. Securities has hired Michael Lanigan as managing director and head of mortgage-backed securities and rates sales and David Philbin as a director.
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BNY Mellon Capital Markets has expanded its treasuries and mortgage-backed securities desks with the hiring of Dan Mullholland as head of U.S. Treasury trading and eight MBS professionals from Ally Securities.