Latest news
Latest news
New realm for ex-Natixis banker, as HSBC Innovation Bank hires
Patrick Wills has more than 14 years’ experience working at US bank
Manager establishing London-based European BSL CLO platform
More articles
More articles
-
Avis Budget Rental Car Funding has completed an offering of $690 million asset-backed securities, the proceeds of which will be used to refinance ABS debt maturing in 2013 with a blended interest rate of roughly 5%.
-
Angelo Gordon is preparing to launch the AG Securitized Asset Recovery Fund, which will invest in residential and commercial mortgage-backed securities.
-
Don Layton, the new ceo of Freddie Mac, has made several changes in the agency, including appointing Trez Moore, head of strategic investment at the government-sponsored enterprise, to develop a single securitization platform, among other things.
-
Oliver Chang, a former head of U.S. housing strategy at Morgan Stanley, has launched Sylvan Road Capital, an asset management firm that plans to raise $1 billion to acquire foreclosed homes across the U.S. and operate them as rental properties.
-
Applications for refinancing mortgages rose to their highest level since April 2009, according to the Mortgage Bankers Association.
-
Spanish banks recorded $50 billion withdrawn by depositors in May bringing the total outflows for the first five months of 2012 to $200 billion, according to Bank of Spain.
-
John Hancock Life Insurance has filed a lawsuit against Ally Financial, alleging that its Residential Capital unit committed fraud for the “wholesale and systematic abandonment of underwriting guidelines” the sale of 50 residential mortgage-backed securities between 2003 and 2007.
-
The U.S. Federal Housing Finance Agency has turned down a request by the Department of Treasury to change its policy of not permitting principal write-downs for loans guaranteed by Fannie Mae and Freddie Mac.
-
U.S. District Judge Richard Stearns of Boston has rejected a motion by JPMorgan Chase to dismiss a lawsuit charging the bank for mishandling loan modifications, and “gross ineptitude” of a bank unit in connection with loan modifications by prolonging the process, imposing additional fees on loans in default and starting foreclosures after homeowners filed for workouts.