Latest news
Latest news
Two lenders entering administration should signal to others: simplify the industry
News could lead bank funding to dry up, after strong run of demand in private market
L&G's head of portfolio management on everything equity release after debut deal
More articles
More articles
-
The U.S. Securities and Exchange Commission is said to have launched a preliminary investigation into JPMorgan Chase’s accounting practices and public disclosures about the derivatives trades, which resulted in losses of $2 billion.
-
Deutsche Bank has reached an agreement with Assured Guaranty over losses the bond insurer suffered from insuring residential mortgage-backed securities from the German lender.
-
The House of Representatives has passed a bill that would bar the U.S. Department of Justice from holding further talks with mortgage servicers involving their foreclosure practices without allowing investors in mortgage-backed securities to participate.
-
Allied Irish Bank priced its first public securitization of residential mortgages, the £428.5 million ($691.2 million) Tenterden Funding PLC, on Wednesday.
-
President Obama recently proposed extensive government assistance to homeowners whose primary residences have fallen in value below their unpaid mortgage balances. -
AIB has raised the first unguaranteed funding for an Irish institution since 2009 through its Tenterden RMBS. Though the deal was hailed as an important restorative step for Irish banks, it succeeded because the securitisation structure delinked the UK collateral from the Irish sponsor, said market participants.
-
Deutsche Bank has agreed to pay more than $200 million to settle charges that it had misled the U.S. Department of Housing and Urban Development about the quality of mortgages issue by the German lender’s mortgage provider MortgageIT in 2007.
-
Standard & Poor’s has revised down by one month the timeline for clearing the U.S. residential shadow inventory.
-
Subprime residential servicer SpringLeaf Finance may file for bankruptcy if its financial condition does not improve.
