Latest news
Latest news
Blatter will be lead portfolio manager for BlackRock’s European CLO platform
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
More articles
More articles
-
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Spanish banks recorded $50 billion withdrawn by depositors in May bringing the total outflows for the first five months of 2012 to $200 billion, according to Bank of Spain.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.
-
A refinance plan proposed by Sen. Jeff Merkley (D-Ore.) could help an estimated 75% of borrowers with loans packaged into private-label residential mortgage-backed securities, according to JPMorgan Chase analysts.