Latest news
Latest news
New realm for ex-Natixis banker, as HSBC Innovation Bank hires
Patrick Wills has more than 14 years’ experience working at US bank
Manager establishing London-based European BSL CLO platform
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Fannie Mae has issued new standards for mortgage servicers regarding the management of delinquent loans, default prevention and foreclosure time frames under the Federal Housing Finance Agency's servicing alignment initiative announced in April.
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The mortgage industry’s lobbying efforts have succeeded in persuading regulators to extend the comment period on a proposed risk-retention rule for issuers of mortgages.
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General Electric and Capital One Financial are said to be placing bids for ING Direct USA, ING Groep’s online bank.
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Goldman Sachs is said to be preparing to release documents on its mortgage-related investments that it expects will discredit a Senate subcommittee report as inaccurate and incomplete.
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Goldman Sachs has sold its Litton Loan Servicing unit to Ocwen Financial for $264 million, much less than the $428 million Goldman paid for it in 2007.
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The U.S. Securities and Exchange Commission is said to be considering a public rebuke of Lehman Brothers rather than filing a lawsuit against the investment banks and its executives for actions that led to its collapse in 2008.
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Freddie Mac has announced that effective immediately adjustable rate mortgages will be eligible for securitization into K certificates, its multifamily mortgage-backed securities.
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Nearly three-quarters (73%) of trading executives financial firms in the U.S. and U.K. have begun implementing changes to their capital markets business and operations, even though there is uncertainty about the final rules, according to a study by the Economist Intelligence Unit for Capco.
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Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, said the CFTC and the U.S. Securities and Exchange Commission will provide guidance for parts of the Dodd-Frank Act before the July 16 deadline by which regulations are to completed.