Items Tagged with 'TIAA-CREF'


  • TIAA-CREF completes joint venture with Henderson

    Forms TIAA Henderson Real Estate
    TIAA-CREF, a financial services provider, completed the launch of its previously announced real estate joint venture with Henderson Global Investor, creating a combined $22.6 billion of assets under management across 50 funds and mandates.
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  • Real Estate Industry Getting Creative with Financing Sources

    The real estate industry is beginning to find creative solutions around funding shortfalls as it faces the current liquidity crisis. As lending becomes more scarce and increasingly expensive, some segments of the mortgage market are turning to securitization for liquidity. For example, servicing advance facilities are becoming increasingly popular as a type of financing within the US residential mortgage-backed security (RMBS) sector, according to analysis by Toronto-based credit-rating agency DBRS.
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  • It's Official: Fannie CEO to Replace Kashkari

    The search is over. The Obama administration has tapped now-former Fannie Mae [stock FNM][/stock] CEO Herb Allison to replace Neel Kashkari as head of the government's $700bn Troubled Asset Relief Program, effectively granting him the title assistant secretary for the Office of Financial Stability -- so long as he is confirmed by Congress.
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  • Kashkari's Replacement: Fannie CEO Herb Allison?

    The Obama administration may be set to tap current Fannie Mae [stock FNM][/stock] CEO Herb Allison as the next head of the government's $700bn Troubled Asset Relief Program, leaving both Fannie Mae and sister GSE Freddie Mac [stock FRE][/stock] searching for new chief executives. Freddie CEO David Moffett announced his resignation last month.
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  • ASF Update: Out of the Gate

    First impressions and observations from ASF 2008: Attendance remains strong, although it does appear off from last year; at the opening remarks, ASF executive director George Miller notes paid attendance of 6,000. Last year's show ran just a smidge over 6,600. Here's guessing the gap is due to (former) MBS analysts.
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