The National Credit Union Administration (NCUA) said this afternoon if filed another suit against a big investment firm over the sale of MBS to failed corporate credit unions, this one naming defunct Wachovia Bank and its subsidiaries as defendants.
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Freddie Mac said it plans to issue a Mortgage-Linked Amortizing Notes security.
January 13 -
Goldman Sachs this week asked a federal court in Los Angeles to dismiss a billion-dollar private label MBS related lawsuit brought against the firm by the National Credit Union Administration.
January 13 -
Apollo Commercial Real Estate Finance Inc. has refinanced with Wells Fargo all of the debt outstanding under the Term Asset-Backed Securities Loan Facility (TALF) program administered by the Federal Reserve Bank of New York.
January 13 -
Redwood Trust, Inc. announced today that Brett Nicholas will take on the role as the mortgage REIT's President. Fred Matera will take over Nicholas' previous role of Chief Investment Officer.
January 13 -
Berwin Leighton Paisner (BLP) announced that it has hired banking specialist Derek Hrydziuszko to further bolster the firm’s finance offer.
January 13
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Investment advisory firm, American Realty Capital hired Andrew Winer to lead a number of the firm’s strategic debt initiatives.
January 13 -
Dutch financial services company ING Group said Friday that it may have to sell more assets to repay state aid, as it grapples to meet stricter banking rules and protect itself against choppy markets.
January 13 -
Banks' risk managers are growing more concerned about the stability of the student loan market and fear that delinquencies on most types of consumer loans will increase in the coming months, according to a FICO survey.
January 12 - Europe
The European ABS market showed remarkable resiliency in the face of macro and financial institution instability last year and managed to keep the new issues pipeline open even when bank senior unsecured credit and covered bonds shut down.
January 12 -
Capital Markets Cooperative, a secondary market specialist, is continuing to look at possible acquisitions, but is in no rush to sign on the dotted line.
January 12 - Europe
Covered bond spreads remain stable despite the heavy issuance seen so far this year, according to a report from Societe Generale.
January 12 -
The credit outlook for U.S. asset-backed commercial paper (ABCP) in 2012 is negative, although the outlook for the credit quality of assets funded by ABCP is neutral to improving, according to a Moody's Investors Service report on the sector.
January 12