Latest news
Latest news
Norton Rose Fulbright and Katten have added to their legal teams
Asset manager wants to offer more products to institutional investors
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U.S. District Judge Robert Sweet of New York has dismissed a lawsuit brought against Bank of America by BNP Paribas Mortgage and Deutsche Bank over hundreds of millions of dollars they claim they lost from asset-backed securities sold by the bank.
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Standard & Poor’s has given an AAA rating to 59% of the new Springleaf Mortgage Loan Trust 2011-1, a subprime residential mortgage-backed security.
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Bank of America is said to be looking to get out of the correspondent-mortgage business as it no longer fits into the bank’s long-term strategy.
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Canada Mortgage and Housing Corp. said its mortgage refinance activity plunged roughly 40% after the government introduced tougher mortgage rules earlier this year.
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The Invictus Consulting Group has launched a new service designed to help hedge funds access “hard to obtain forward-looking bank stress test information to determine “whether a bank stock is over, under or fairly valued in relation to its peers.”
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C-III Capital Partners has acquired the commercial real estate special servicing and collateralized debt obligation management businesses of JER Partners.
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The U.S. Securities and Exchange Commission has named Kathy Weiss Hanley as deputy director and deputy chief economist for the SEC’s Division of Risk, Strategy and Financial Innovation.
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Avis Budget Group has completed it has completed an offering of $650 million of asset-backed bonds with a weighted average interest rate of 3.5%.
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BNY Mellon is said to be looking to sell Alcentra, its loan and high-yield bond unit.