A Texas investment firm has launched a new fund to invest in subordinated debt and take mezzanine stakes in what it calls “carefully selected” mortgage banking firms.
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DBRS hired David Sánchez Rodríguez for its structured finance group as assistant vice president.
September 14 -
Perhaps it was appropriate that a panel of professors testified Tuesday about how to reform the U.S. mortgage system since Capitol Hill's approach to the issue is increasingly beginning to resemble an academic exercise.
September 13 -
Santander U.K. is slated to price its prime U.K. RMBS on Wednesday, according to a Reuters report.
September 13 -
With the unemployment rate for young college graduates staying at a record high, more recent student loan securitization vintages backed partly by loans to young college graduates are performing worse than earlier vintages, said a report released today by Moody's Investors Service.
September 13 -
Roughly 11 million residential properties – representing 22.5% of homes nationwide – were in some type of negative equity position at June 30, a miniscule improvement from the first quarter, according to new figures compiled by CoreLogic.
September 13
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Lloyds has hired a veteran of the high yield market and leveraged finance to head up its high yield capital markets group, according to reports.
September 13 -
The Consumer Financial Protection Bureau (CFPB) is entering 'round four' of testing new mortgage disclosure forms, and is now requesting public input on what should be said regarding adjustable rate mortgages.
September 13 -
A federal judge this week ruled that the court-appointed trustee overseeing the liquidation of Thornburg Mortgage, Santa Fe, can move forward with a lawsuit against Barclays Capital alleging the investment banker made improper margin calls that helped drive the jumbo lender/servicer into bankruptcy.
September 13 -
Guatemala’s Banco Industrial has closed a three-tranche $160 million structured deal, an upsize from the $100 million initially proposed, according to sources close to the deal.
September 12 -
After heavy criticism from investors, analysts and bond insurers over Standard & Poor’s new bond insurance rating criteria, the agency is firing back in self-defense.
September 12 -
Clopton Capital will expand its capital lending base available for commercial real estate (CRE), CMBS, and SBA loans for income-producing U.S. CRE.
September 12 -
PERILS , the Zurich-based firm offering industrywide European catastrophe insurance data, today reported that the total limits placed based on the PERILS industry loss index since the start of 2010 is now over $2.5 billion.
September 12
