Atlanta-based SunTrust Banks said C.T. Hill, its corporate executive vice president and head of consumer banking and mortgage, would now have his primary focus on the company's mortgage business.
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The FHFA released a report on Tuesday acknowledging that Fannie Mae had been aware of foreclosure-related abuses as early as 2003, well before the previously-reported time frame.
October 4 -
October set off to a promising start for the European securitization market with the launch of U.K. Building Society, Nationwide's RMBS deal from its Silverstone Master Trusts.
October 4 -
First Investors is in the market with FIAOT 2011-2, a $150 million auto securitization.
October 4 -
Finacity Corporation and Norddeutsche Landesbank Girozentrale (NORD/LB), announced the addition of German and Canadian receivables to an existing securitization for the Manitowoc Company, Inc.
October 4 -
While the effective demise of settlement talks between the state attorneys general and the top mortgage servicers has its downsides, it may ultimately turn out to be a good thing for banks.
October 4
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Cole Real Estate Investments formed a joint venture with RED Development to focus on future acquisition opportunities, recapitalizations and note purchases in the commercial real estate sector.
October 3 -
RBS Securities late last week asked a federal court in Los Angeles to dismiss securities claims against it by the National Credit Union Administration in the failure of WesCorp FCU, saying the now defunct wholesale institution was a sophisticated investor and knew the risks of investing in almost $1 billion of nonprime MBS.
October 3 -
Home price problems, continued high unemployment numbers and loan seasoning are behind the slowing pace of the improvement in the current to delinquent roll rates for nonagency mortgage loans in the past few months, according to the analysts at Barclays Capital.
October 3 -
The delinquency rate on securitized multifamily loans jumped over 50 basis points from August to nearly 17% in September and it continues to be the worst performing property type in the commercial mortgage-backed securities market.
October 3 -
The decline in ReRemic issuance and ratings downgrades in the non-agency space means investors have less investment grade assets to buy at a time when many prefer to seek refuge in this safer haven.
October 3 -
PHH Corporation issued a $350 Million privately placed fleet lease-backed securitization.
October 3 -
American Express is in the market with two deals issued from its credit account master trust.
October 3