The Federal Housing Administration (FHA) in early December will seek bids on a small pool of defaulted single-family loans and plans to conduct additional auctions in April and September of next year.
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Stonegate Mortgage Corp. has hired former Irwin Mortgage Corp. executive John F. Macke as executive vice president of capital markets in line with growth plans that include the introduction of non-agency Jumbos this year.
January 11 -
To date, the 12 Federal Home Loan Banks have recognized more than $4.4 billion of losses on their investments in private-label mortgage-backed securities, according to the Federal Housing Finance Agency.
January 11 -
Two senior Federal Reserve officials called on policymakers to take steps quickly to help ease the pain of the housing market to assist ongoing efforts to rescue the U.S. economy.
January 11 -
Independent ratings and analytics firm Rapid Ratings said that Jeffrey Gibb has joined the firm as senior vice president of strategic relations and head of legal operations.
January 11 -
SNR Denton hired Edward Hickman as a partner in its banking and finance team.
January 11
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Berwin Leighton Paisner (BLP) has made an addition to its banking and capital markets (BCM) group. The firm has hired structured finance specialist Prashanth Satyadeva.
January 11 -
Financial institutions looking to wind down assets not related to core banking functions — especially those with large consumer credit exposure — will continue to face challenges given ongoing volatility in the credit and equities markets, according to a Fitch Ratings report.
January 11 -
The Royal Bank of Scotland plc and NatWest are marketing a $500 million credit card ABS under its Arran Cards Funding program.
January 11 -
Assured Guaranty filed a brief today in the New York state Supreme Court against a motion to dismiss its case against Credit Suisse.
January 11 -
As was expected, with the conclusion of the year-end holidays, mortgage application activity increased 4.5% on a seasonally adjusted basis in the week ending Jan. 6.
January 11 -
Michael Williams, the president and CEO of Fannie Mae, announced plans to step down as soon as a successor can be appointed, according to a company filing issued Tuesday to the Securities and Exchange Commission.
January 11 -
PHH Corp., Mt. Laurel, N.J., is now looking to sell $150 million in debt to help pay off $250 million of debt that matures in April.
January 10