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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Delta Financial plans to issue as much as $6 billion in mortgage-backed securities this year as the company increases its trips to the market.
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Sallie Mae, the largest U.S. provider of student loans, will receive a $12.5 billion loan and sell $4 billion of notes to fund its buyout, according to Bloomberg. Bank of America and JPMorgan Chase agreed to provide the $12.5 billion seven-year secured term loan, the student loan lender said in a Securities and Exchange Commission filing on May 25.
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Calyon has added Mariano Goldfischer from Strategic Value Partners as a trader to its collateralized debt obligation business.
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Thornburg Mortgage is looking to hire an asset-liability manager and two analysts as the securitization market becomes increasingly complex.
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Six Degrees Capital Management has hired Bernhard Fischer from Partner Re to work on analysis and deal making in non-standard asset-backeds.
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Michael Oehm has left Morgan Stanley, where he was running the agency financial institutions securitization business in the firm’ its London office.
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American Home Mortgage is the first mortgage lender to participate in American Express’ new Express Rewards Mortgage Program, launched Thursday.
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Houston-based Oxford Funding Corp. is launching a new asset management program for subprime mortgage portfolios discarded by banks.
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CIT has closed its first collateralized loan obligation out of its new platform. The $512 million CIT CLO I is backed by mostly first-lien loans to middle market companies.