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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Santander reported that gross mortgage lending by Santander UK rose 34% while net lending improved to £200 million ($323.6 million) compared with -£600 million (-$970.7 million) in the first quarter from a year earlier.
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Nomura has now teamed up with Bank of America and Morgan Stanley, which are said to be considering repackaging some $1.5 billion of collateralized debt obligations into a AAA-rated tranche as a re-remic, if it holds the winning bid for CDOs from the Federal Reserve’s Maiden Lane portfolio.
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Trading of commercial mortgage-backed securities has slowed over the past week ahead of a sale of collateralized debt obligations originated by American International Group by the Federal Reserve’s Maiden Lane III portfolio.
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Freddie Mac continued to reduce the size of its mortgage portfolio, shrinking at an annualized rate of 2.9% in March, after declining 3.3% and 4.8% in February and January, respectively.
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Fitch Ratings commented on the announcement by Infonavit, Mexico’s state lender, will begin originating fixed-rate mortgage in June that peso-denominated residential mortgage-backed securities could follow within six to 18 months.
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The rate for loans 30 days or more delinquent fell to 7.09% in March, 8.8% lower than a year earlier, according to Lender Processing Services.
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U.S. Bancorp, Wells Fargo the Blackstone Group have acquired $740 million U.S. loan portfolio from German lender Eurohypo.
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Andre Vollmann, a senior asset-backed securities portfolio manager at Cairn Capital, has reportedly left the firm in London.
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Spanish lender BBVA says it has raised core Tier 1 capital ratio from 8.9% to 10.7% as required by the Basel Committee on Banking Supervision three months before the deadline and did so without sales of strategic assets, the help of government funds or cuts in dividends.