Latest news
Latest news
Key points of contention include the investor sanctions regime and the definition of 'resilience'
Magnetar and Chorus Capital lose experienced pros
Vida Bank is also building up its funding team
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Banco Santander has appointed Banesto CEO José García Cantera to run the global wholesale banking franchise. He replaces Adolfo Lagos, who is due to retire next year.
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A federal judge in Los Angeles has barred American International Group from suing Bank of America’s Countrywide Financial unit over some losses from mortgage-backed securities because they were filed more than three years after the MBS were issue, past the statute of limitations.
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The Mortgage Bankers Association has revised upward by nearly $200 billion its forecast for mortgage origination in 2012, largely because of an increase in refinancing activity.
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Matthew Stegman is said to have been named the lead coordinator to the Obama administration’s Residential Mortgage-Backed Securities Working Group.
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Berlin-Hannoversche Hypothekenbank has issued Germany’s first jumbo-mortgage pfandbrief of 2012, with banks snapping up 37% of the EUR1 billion ($1.26 billion) order book.
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Phoenix Life SF and Blue Heron Funding II have filed a lawsuit against several large banks for $1.8 billion, charging the banks misrepresented the loans underlying mortgage-backed securities they sold.
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Bank of America has agreed to buy back an estimated $330 million of mortgages sold to Freddie Mac due to a technical error.
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Citigroup is selling $99 million non-performing residential mortgages. In the past year,
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JPMorgan Chase has hired William McLucas, a one-time head of enforcement at the U.S. Securities and Exchange Commission, amid investigations by regulators of the investment bank’s derivatives-related losses.