Alternative investment manager the Carlyle Group is expanding its lending business with the acquisition of Churchill Financial, a provider of debt financing to middle market companies.
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PHH Corp., which this week ousted its CEO amid perceived liquidity concerns, may start selling some of its huge holdings of mortgage servicing rights, according to industry analysts.
January 6 -
Mortgage bankers funded $26.6 billion of Jumbo loans during the third quarter of 2011, a handsome 30% gain from the same period a year earlier, according to new survey figures compiled by ASR sister publication National Mortgage News (NMN) and the Quarterly Data Report.
January 6 -
One day after his appointment as the director of the Consumer Financial Protection Bureau (CFPB), Richard Cordray sent a clear signal that he intends to move aggressively to enforce the agency's expanded authority.
January 6 -
In a report released today, Moody's Investors Service stated that its outlook is stable on REITs operating in all of the major property sectors, including office, retail, industrial, multifamily, healthcare and lodging industry.
January 6 -
Talks to sell Citigroup's high-risk-borrower lender, OneMain, have been put on hold given the depressed macroeconomic environment, according to several media reports.
January 6
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Wells Fargo Securities has appointed Charles Mather as head of CMBS trading, according to a Dow Jones report that cited individuals familiar with the company's trading desk.
January 6 -
Wells Fargo & Co. has agreed to pay nearly $1 million in restitution to Maryland residents who lost their homes to foreclosure after receiving so-called "Pick-a-Payment" mortgages.
January 6 -
As any entrepreneur, boss or parent can attest, the key to avoiding disappointment is managing expectations. Got a B student at home? Expect a C, and when he walks in the door with an A, voila! Happy days!
January 6 -
Delinquencies on home equity lines of credit rose a scant two basis points in the third quarter to 1.93%, according to new figures compiled by the American Bankers Association (ABA).
January 6 -
Two high ranking Democratic congressmen plan to hold a hearing later this month in Chicago to highlight the failure of mortgage servicers to adequately maintain foreclosed properties.
January 6 -
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SLM Corp. or Sallie Mae is in the market with SLM Student Loan Trust 2012-1 worth $765 million.
January 5
