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
More articles
More articles
-
Deteriorating performance has prompted Moody’s Investors Service to downgrade most of $1.55 billion of prime jumbo residential mortgage-backed securities.
-
Standard & Poor’s has approved LenderLive Network as a third-party due diligence provider of results in the agency’s process of rating residential mortgage-backed securities.
-
Barclays Capital has added Mahesh Rajagopalan and Kahif Gilani as director and v.p. to its securitized products origination group.
-
The Federal Housing Finance Agency has ordered Fannie Mae and Freddie Mac to align procedures and incentives for mortgage servicers handling delinquent mortgages.
-
More than 500 banks owe an estimated $146 billion in repayments to the Department of the Treasury for bail-out funds they received through the Troubled Asset Relief Program, according to the Special Inspector General of TARP.
-
Mortgage servicers saw a 23% decline in income in the first quarter as the result of longer foreclosure timelines and regulatory crackdown on fees they charge, according to Lender Processing Services.
-
The aggregate value of commercial real estate loans that collateralize mortgage-backed securities remained flat in March to 79.8%, down from 79.9% in the preceding month, according to DebtX.
-
Bad assets at more than 8,000 U.S. banks surged 149% in 2008, when the financial crisis began, according data from the Federal Deposit Insurance Corp. analyzed by Msnbc.com and the Investigative Report Workshop at American University.
-
Ben Bernanke, chairman of the Federal Reserve, said in the central bank’s first-ever news conference that its bond-buying program will conclude at the end of June as originally planned.