In competitive sports, being first is always the goal. But the distance between the U.S. — at the head of the pack — and the rest of the world in crafting financial reforms is becoming a major hurdle for implementing the Dodd-Frank Act.
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A major shake up in the senior ranks at Arch Bay Capital has taken place with several departures from the company, according to three nonperforming loan investors that have conducted business with the firm.
May 11 -
Global shipping company Hapag-Lloyd increased an existing trade receivable securitization to $150 million.
May 11 -
Freddie Mac on Thursday named Donald Layton, who previously held executive positions at E*Trade and Chase, its CEO.
May 10 -
Middle market CLOs have remained relatively scarce since the financial crisis, as it’s still difficult for deal sponsors to get financing to warehouse loans to small and medium-sized companies.
May 10 -
JPMorgan Chase & Co.'s second quarter earnings results may be "substantially different" than it initially announced because of what appears to have been a serious risk management failing in the bank's Chief Investment Office, JPMorgan announced late Thursday afternoon.
May 10
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WSFS Financial Corp., the parent company of WSFS Bank, announced the firm's implementation of selected asset strategies. This includes sellling MBS as part of its portfolio management.
May 10 -
The National Reverse Mortgage Lenders Association (NRMLA) has asked a federal regulator to craft a ‘qualified mortgage’ (QM) rule specifically for private reverse mortgages.
May 10 -
Solar securitizations have long been eyed as a financing alternative that can lower the weighted average cost of solar energy products for customers. It will also reduce exposure to developers.
May 10 -
Newcastle Investment Corp., a mortgage investing REIT managed by Fortress Investment Group, is “very optimistic” it will participate in a big investment in mortgage servicing rights with other entities that its manager oversees, chairman Wesley Edens said.
May 10 -
Mayer Brown has hired Barbara Goodstein as a partner in the banking and finance practice in New York. She was formerly a partner with Dewey & LeBoeuf.
May 10 -
The Federal Reserve Bank of New York has sold the entirety of the TRIAXX CDO holdings from its Maiden Lane III portfolio to Merrill Lynch, Pierce, Fenner & Smith after a competitive bid process.
May 10 -
Freddie Mac reported new lows on 30- and 15-year fixed mortgage rates for the week ending May 10. The 30-year fixed slipped one basis point to 3.83% while 15s were two basis points lower to 3.05%.
May 10