Items Tagged with 'BlackRock'

ARTICLES

  • Wells Fargo to pay $43 million to settle pre-crisis RMBS trust lawsuit

    Reaches settlement with investors, including BlackRock and PIMCO
    In the past few years, Wells Fargo, once thought of as a shining example in the financial services industry, has been dragged down by scandal after scandal followed by settlement after settlement. Well, guess what? It’s a day that ends in "y," and that means it's time for another Wells Fargo settlement.
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  • Bridge Investment Group hires Meena Thever as managing director, capital markets group

    Thever will spearhead capital raising, investment analysis and more
    Bridge Investment Group hired Meena Thever as the new managing director of its capital markets group. In this new role, Thever will be managing the capital markets group’s capital raising, investment analysis and investor relations across all asset classes including multifamily, affordable housing and senior housing.
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  • Trump aide, top Republican staffers, BlackRock exec among Mnuchin's top staff at Treasury

    Treasury announces Secretary's senior staff
    A former top aide to the campaign of President Donald Trump, two top Republican staffers, and a former executive at BlackRock will serve as the senior staff to Steven Mnuchin, the Department of the Treasury announced Friday. The four staffers will serve as key advisors on areas ranging from the federal budget, to tax reform, legislative issues, domestic finance, housing finance policy, and regulatory reform.
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  • Ocwen cleared of wrongdoing in multibillion dollar mortgage bond fight

    Faced allegations of negligence from bond investors, including BlackRock, Pimco
    Early in 2015, a group of mortgage bond investors that reportedly included BlackRock, MetLife, and Pimco accused Ocwen Financial of violating its duties as a mortgage servicer by failing to properly collect payments on $82 billion of home loans, thereby costing the investors $26 billion. Now, after a yearlong independent investigation found no evidence of the litany of allegations made by the investors, Ocwen is off the hook.
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  • HSBC facing $34 billion mortgage debt lawsuit

    BlackRock, PIMCO, others proceed as plaintiffs
    According to the Reuters, the judge dismissed some claims, including for negligence and negligent misrepresentation. She also gave the plaintiffs 30 days to amend their complaints, and scheduled a June 24 conference. Looks like this is going to happen.
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  • Ocwen fires back at “disingenuous” charges of negligence

    Accuses mortgage bond investors of being "pro-foreclosure"
    Ocwen Financial is doubling down in its fight against a group of mortgage bond investors that accused the nonbank of failing to properly collect payments on mortgage loans and breaching its bond covenants, charging the investors, which include BlackRock, MetLife, and PIMCO, of having a “pro-foreclosure, anti-modification” agenda.
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  • SEC filings reveal BlackRock’s substantial interest in housing

    Ownership disclosures show breadth of empire
    Over the last few weeks, HousingWire has chronicled the stock ownership disclosures of BlackRock, revealing that the company holds significant interest in many of housing’s biggest names, including Altisource Residential, CoreLogic and Lowe’s. As it turns out, those disclosures only scratch the surface of how deep BlackRock’s roots extend into housing.
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  • BlackRock discloses ownership stake in Altisource

    Mortgage bond investor also reportedly threatening to sue Ocwen
    A Monday filing with the Securities and Exchange Commission shows that BlackRock is more than an interested party in the mortgage-backed securities whose loans are serviced by Ocwen and its affiliates. BlackRock also owns a substantial stake in Altisource Residential.
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