Ginnie Mae reported a $1.2 billion profit from its secondary market operations in fiscal year 2011 — up 84% from FY 2010 — due to lower loss provisioning.
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Investors involved in the $8.5 billion bond settlement with Bank of America Corp. are looking for the case to be moved back to state court, according to a Bloomberg report.
December 28 -
MetLife's sale of most of its U.S. deposits to GE Capital Finance is a case of two big companies doing each other a solid.
December 28 -
Morgan Stanley said Tuesday in a filing that more than a third of the 1,600 layoffs it announced earlier this month may be in New York City.
December 28 -
Credit Agricole Securities placed CAD$120 million of notes issued by Vecta I Ltd., which marks the first ABS backed by Canadian life insurance embedded value.
December 27 -
Carrington Holding Co. is trying to raise $1 billion from investors to purchase foreclosed single-family properties that its mortgage services unit will manage and rent.
December 27
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The Federal Home Loan Bank of Chicago has received the go-ahead from its regulator to begin repurchasing stock from its member banks.
December 27 -
Most thrift holding companies will get a two-year phase in period for following Federal Reserve Board reporting requirements while others will initially be exempted, the central bank said Friday.
December 27 -
House prices fell 1.2% in October after dipping 0.7% in September, according to new figures released by Standard & Poor's Tuesday morning.
December 27 -
There were mixed signals last week on the strength of the economy and housing in particular.
December 27 -
As part of an ongoing effort to refinance and reduce its debt post-bankruptcy, CIT Group, a leading provider of financing to small businesses and middle market companies, announced Dec. 22 that it will redeem an additional $2 billion of 7% Series A Second Lien Notes, including the $1.6 billion remaining balance of its Notes maturing in 2015 and approximately $400 million of its Notes maturing in 2016.
December 27 -
Edward DeMarco, the acting director of the Federal Housing Finance Agency, has one of the toughest jobs in town.
December 27 -
Four federal regulators on Friday announced they would give commenters an additional month to weigh in on sweeping restrictions to banks' proprietary trading vehicles.
December 27