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Octopus Electric Vehicles has also added to its capital markets team
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Anthony Renzi has resigned as Freddie Mac’s executive v.p. in charge of single-family mortgages to accept a position at a different financial company, according to an internal memo.
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Threatened downgrades of Lloyds Banking Group and the Royal Bank of Scotland by Moody’s Investors Service could sink their profits 16% and 8%, respectively, according to Citigroup research.
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Legal &General has entered the property-lending sector with a £121 million ($196.7 million) loan to Unite, a student housing developer and manager, a year after it first considered a move into the market.
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U.S. banks have eased their lending standards for commercial loans as they experienced stronger demand in the first quarter, according to the Federal Reserve’s quarterly survey of senior loan officers.
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Ally Financial has acknowledged in a regulatory filing that it is considering a bankruptcy filing for its Residential Capital unit after it failed to make a $20 million interest payment.
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The U.S. Federal Housing Finance Agency has put off making a decision on whether to allow principal reduction on loans issued by Fannie Mae and Freddie Mac.
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Freddie Mac has announced a $1 billion offering of structured pass-through certificates, multifamily mortgage-backed securities known as K-certificates. The deal is the sixth from the K shelf.
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Real estate investment trust Western Asset Management has announced plans to raise $160 million in an initial public offering and to use the proceeds to investment in mortgage-backed securities from Fannie Mae and Freddie Mac.
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Andrea Enria, chairman of the European Banking Authority, said in a speech that the EBA should have the authority to develop a single rulebook for banks, including uniform standards for core Tier One Capital.