Items Tagged with 'Credit Suisse'

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  • Hunt Investment Management hires Evan Abrams

    Will spearhead marketing and investor relationship building
    Hunt Investment Management hired Evan Abrams as senior vice president to lead marketing and investor relations functions and bring in new capital partnership for the firm. Abrams is joining Hunt from Hodes Weill & Associates.
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  • Short-term financing option charts return to mortgage lending

    S&P: ABCP will remain relevant for years to come
    Raise your hand if you lived through the Great Recession. Now keep your hand raised if you can define Asset-Backed Commercial Paper. If you put your hand down, then truth be told, you didn’t really live through the Great Recession. You may have survived it, but to have lived it, is to know what caused it.
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  • Fannie Mae sells $1.62 billion in re-performing loans to Credit Suisse subsidiary

    Closes sale of 7,500 loans to DLJ Mortgage Capital
    Fannie Mae announced Thursday that it completed its second sale of re-performing loans, selling more than $1.6 billion in re-performing loans to a subsidiary of Credit Suisse. Here are the details on the latest mortgage purchase for DLJ Mortgage Capital, which also recently bought up more than $4.6 billion in loans from HSBC.
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  • HSBC continues cutting U.S. mortgage business with $4.9B loan sale to Credit Suisse

    HSBC Finance mortgage book was $117.7 billion in 2008, now it’s $2 billion
    HSBC’s reduction of its U.S. mortgage business, which began way back in 2008, took another big step forward recently, as the company announced recently that its subsidiaries, HSBC Finance Corporation and HSBC Bank, sold $4.9 billion in mortgages to a subsidiary of Credit Suisse.
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  • Credit Suisse reaches $5.28 billion mortgage bond settlement

    Required to provide $2.8 billion in consumer relief
    For the second time in as many days, the Department of Justice announced that it reached a multi-billion dollar settlement with a foreign-based bank over its mortgage securitization practices leading up to the housing crisis. On Tuesday, the DOJ announced that it reached a $7.2 billion settlement with Deutsche Bank. Now, it’s Credit Suisse’s turn.
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  • What happened to all that mortgage settlement money?

    New York Times' Dealbook provides look at 8 massive mortgage settlements
    While the headlines don’t show up quite as often as they once did, it still seems like that every few weeks another bank is settling with the federal government (or other parties) over the mortgage misdeeds of the past. Each of those settlements checks in the multi-billion dollar range, but what happens to the settlement money after the banks pay up?
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  • FDIC wins $190M settlement for toxic Countrywide mortgage bonds

    Settlement stems from failure of five banks
    The ghosts of Countrywide past just struck again, as the Federal Deposit Insurance Corporation announced Thursday that eight major financial institutions will pay $190 million total to settle a series of lawsuits tied to toxic Countrywide mortgage bonds that subsequently led to the failure of five banks during the housing crisis.
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