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  • RE/MAX getting into the mortgage business; launches Motto Mortgage

    While most of the biggest names in mortgage lending are focused on the Mortgage Bankers Association’s annual conference, taking place right now in Boston, one of the biggest names in real estate revealed that it is getting into the mortgage business. On Tuesday, RE/MAX announced that it is launching Motto Mortgage, a mortgage brokerage franchise that the company plans to take nationwide. Click the headline to read more.

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Credit Suisse scores again in second BlackRock RMBS sale

Pool was acquired from UBS in 2008


Credit Suisse on Tuesday won two separate bids for a combined $4.4 billion pool of legacy residential mortgage-backed securities sold by BlackRock, GlobalCapital is reporting.

The sale comes one week after BlackRock sold a record breaking $3.7 billion pool of subprime mortgage-backed securities, also to Credit Suisse.

The bank won both “all or nothing” offers, traders told GlobalCapital.

The two AON lists split a $4.4 billion pool of pre-crisis mortgage securities that BlackRock acquired from UBS AG in 2008.

Source: GlobalCapital

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