Hannover Re Group executive board member Wolf Becke will retiring after 20 years of serving on the board.
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Massachusetts’ top securities regulator has asked Bank of America to turn over documents related to two CLOs.
February 10 -
Bond-insurer Assured Guaranty Thursday announced it was doubling the quarterly dividend to 9 cents per share.
February 10 -
Bond insurer MBIA has admitted to making errors in its application to regulators seeking to split the company in two.
February 10 -
Depending on who you talked to, the massive mortgage servicer settlement announced Thursday was either a "criminal sell out" or a much-needed shot in the arm for the housing market.
February 10
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Coming off a strong January for new deals, and encouraged by improved economic news, sentiment in the U.S. CLO market has taken a giddy skip from guarded optimism to bullishness — a little too bullish, according to some market participants.
February 10 -
We've only just begun.That was clear message delivered Thursday by state and federal officials announcing a $25 billion mortgage servicing settlement.
February 10 -
Barclays Capital analysts said in a report released yesterday that large region-specific note and REO auctions have become a regular feature in the past year.
February 10 -
In addition to national mortgage servicing settlement, Nevada has reached a side deal with Bank of America, state Attorney General Catherine Masto announced late Thursday.
February 10 -
The $26 billion 'robo-signing' settlement with five major servicing banks announced Thursday morning could yield nearly $35 billion in principal reductions, according to Housing and Urban Development secretary Shaun Donovan.With less than $20 billion of the settlement designated to principal reduction and refinancing underwater borrowers, secretary Donovan told reporters that the banks will not receive a dollar-for-dollar credit for reducing the principal amount of each loan.
February 9 -
A federal judicial panel denied a motion to include the Dallas County district attorney’s lawsuit against Merscorp in the ongoing multidistrict litigation (MDL) against the private loan registry in Phoenix.
February 9 -
The five largest bank servicers — Bank of America, Wells Fargo, JPMorgan, Citigroup, and Ally Financial /GMAC — today announced a $25 billion settlement with 49 state attorneys general (except Oklahoma), the U.S. Department of Justice, and the Department of Housing and Urban Development (HUD).
February 9