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
More articles
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Fannie Mae has issued new guidelines for servicers designed to expedite short-sale transactions and improve transparency on short sale reviews.
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MetLife has filed suit against Morgan Stanley alleging fraud involving $757 million in residential mortgage-backed securities it bought in 2006 and 2007.
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CIT Group, a financing provider for small business, has closed a $753 million equipment-lease securitization backed by a pool of leases from its CIT Vendor Finance unit.
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The Royal Bank of Scotland has lost between £10 billion ($16.18 billion) and £20 billion ($32.36 billion) in market value thanks to tougher U.K. banking regulations, according to Stephen Hester, the bank’s ceo.
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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.