Jefferson Bancshares Inc. of Morristown, Tenn., restated its last quarter as a loss after its take on bad investments and loans worsened.

September 29
1 Min Read
Load More
  • PennyMac Mortgage Investment Trust recently entered into a master repurchase agreement with Bank of America that allows a subsidiary of the publicly traded REIT to sell — and later repurchase — new originations in an aggregate principal amount of up to $200 million.

    November 15
  • Banks have spent the last several years grappling with nonperforming assets, but perhaps working out problems with bad loans is best left to entities that do not have to answer to a regulator.

    November 15
  • In the first decision of its kind stemming from class action litigation over the collapse of the auction-rate securities (ARS) market, a federal appeals court panel in New York ruled Monday that Merrill Lynch had adequately disclosed to customers that it was preventing auctions from failing.

    November 15
  • Lloyds Bank priced its $600 million U.K. credit card deal via the Penarth Master Issuer Plc's medium-term note program.

    November 15
  • Mortgage servicers seem to be caught between a rock and hard place when it comes to foreclosures: their legal practices are being scrutinized by state attorneys general for sloppy paperwork while the GSEs pile on fees for delays in loss mitigation work.

    November 15
  • CIFC Corp. is planning to roll out a new CLO, possibly by the end of the year, and is also looking to sell or call an existing CLO, the asset management company disclosed in a regulatory filing late Monday.

    November 15
  • The acting director of the Federal Housing Finance Agency (FHFA) told a Senate panel this morning that the agency is moving ahead with "private" risk sharing opportunities between Fannie Mae/Freddie Mac and firms outside of the government's control.

    November 15