Mike Perry, who led IndyMac Bancorp until its collapse in 2008, is trying to rehabilitate his image, waging a public campaign rarely seen from an executive of a failed bank.
-
U.S. District Court for the Central District of California Thursday dismissed a civil claim filed against Lender Processing Services (LPS) by the Federal Deposit Insurance Corp. (FDIC), which accused the mortgage vendor of gross negligence in appraisals conducted for the now defunct Washington Mutual, Seattle.
November 4 - Europe
International regulators said Nov. 4 that 29 firms would be considered systemically important to the world economy and face a capital surcharge of between 1% to 2.5%.
November 4 -
Selene Finance, a specialty servicer/loan modification company controlled by Lewis Ranieri, has hired Larry Litton Jr. and a handful of top managers from Litton Loan Servicing, Houston, according to servicing executives that have done business with the firm.
November 4 -
Electronic trading platform for U.S. and European fixed-income bonds MarketAxess Holdings just added non-agency RMBS and CMBS to its e-trading platform.
November 4 -
Redwood Trust, the only firm to publicly issue Jumbo MBS the past two years, earned just $1 million in the third quarter, but its acquisition of nonconforming product in the secondary market jumped by 166%.
November 4
-
Bank of America Merrill Lynch has priced a $405 million CLO for Sankaty Advisors, according to Bloomberg.
November 4 -
Bank of America Merrill Lynch filed a form S-3 with the Securities and Exchange Commission (SEC) to issue a CMBS under its Banc of America Merrill Lynch Commercial Mortgage Trust.
November 4 -
-
Two Harbors Investment Corp., a hybrid single-family residential mortgage REIT, recorded net GAAP earnings of $54.6 million during the third quarter when it completed a secondary stock offering and repositioned its portfolio to anticipate the HARP program change.
November 3 -
American Securitization Forum (ASF) Executive Director Tom Deutsch testified today before the capital markets subcommittee of the House Financial Services Committee.
November 3 -
SLM Corp., better known as Sallie Mae, is in the market with a SLABS 144A deal from its SLM Private Education Loan Trust 2011-C.
November 3 -
Efforts to reinstate the $729,750 maximum loan limit for Fannie Mae, Freddie Mac and Federal Housing Administration loans have garnered the support of 137 House members, including 25 Republicans.
November 3
