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 Office of Mortgage Settlement Oversight has retained BKD, Baker Tilly Virchow Krause, Crowe Horwath, Grant Thornton and McGladrey to serve as secondary professional firms to oversee compliance by the five mortgage servicers subject to the settlement.
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Hedge fund GoldenTree Asset Management has expanded mortgage-backed securities trading with the hiring of Deeb Salem.
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European property investment fell 20% to EUR5.5 billion ($6.83 billion) in July from a year earlier, according to PropertyEU’s survey of reported transactions.
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Belgian bank and insurer KBC said it plans to issue its first covered bond under the country’s new legislation for the instruments before the end of the year or in the first quarter of next year.
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Germany’s Bayerische Landesbank has filed a lawsuit in Manhattan against Barclays, charging the U.K. bank misrepresented the underwriting standards for the loans that were packaged into mortgage-backed securities.
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Global lending growth slowed to 4% in 2011 and will likely slow to 3% this year, according to Fitch Ratings.
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Standard & Poor’s has revised the criteria it uses for rating commercial mortgage-backed securities that may result in higher ratings as it works to regain a foothold in the CMBS market.
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The U.S. commercial mortgage real estate market is expected to experience “continued slow and uneven improvement,” according to Fitch Ratings.
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Dutch pension fund Vervoer has filed a lawsuit in the U.K. charging that Goldman Sachs Asset Management acted negligently when it invested the fund’s money in subprime mortgage-backed securities in 2007, even as the Goldman Sachs’ proprietary desk was short-selling the MBS.