Bank of America Corp.'s plan to eliminate roughly 3,500 jobs this quarter marks just the start of an efficiency drive that could reduce the company's global workforce by about 10%, according to a report in the Charlotte Observer.
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ABN Amro has set up a new securitization vehicle that largely mirrors the bank's existing Dolphin Master Trust.
October 27 -
President Obama’s proposal for student loans may not directly affect private student loans but it's likely to see these loans shifted to the Federal Government.
October 27 -
Cabela’s Incorporated said that Cabela’s Credit Card Master Note Trust completed the sale of $300 million of Asset-Backed Notes, Series 2011-IV.
October 27 -
Both the chief executive officer and the chairman of the board of Freddie Mac are stepping down within the next few months, the Federal Housing Finance Agency (FHFA) said late Wednesday.
October 27 -
Freddie Mac reported mortgage rates held fairly steady in the week ending Oct. 27. The 30-year fixed mortgage rate averaged 4.10% with an average 0.8 point, down one basis point from last week, while 15-year fixed rates were unchanged at 4.38%.
October 27
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Babson Capital Management and its European arm Babson Capital Europe have postponed an IPO for a loan fund set to launch on the London Stock Exchange, according to a regulatory filing.
October 26 -
U.K. banking group Lloyds priced its latest transaction from its Permanent U.K. prime RMBS master trust.
October 26 -
Greenlight Financial Services, Irvine, Calif., will enter the wholesale channel and hopes to fund its first loan some time early next year.
October 26 -
Quantifi has launched a free online information source for professionals involved in counterparty risk management and credit valuation adjustment (CVA).
October 26 -
New home sales rose 5.7% in September thanks to strong purchase activity in the South and West, according to government figures released Wednesday morning.
October 26 -
Mortgage application activity picked up a modest 4.9% in the week ending Oct. 21 as conforming and Federal Housing Administration (FHA) mortgage rates held steady.
October 26 -
The nearly 900,000 borrowers who already refinanced through the Home Affordable Refinance Program (HARP) will not get another chance to lower their mortgage rates under the White House's newly revised initiative.
October 26