Items Tagged with 'DLJ Mortgage Capital'


  • Fannie Mae announces winner of 11th reperforming loan sale

    Sale includes unpaid principal balance of $3.27 billion across four pools
    Fannie Mae announced that DLJ Capital Mortgage, a Credit Suisse subsidiary, is the winner of its 11th reperforming loan sale. The deal includes more than 21,000 loans with an unpaid principal balance of $3.27 billion across four pools and is expected to close on June 21, according to Fannie Mae.
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  • Capital One to lay off another 286 employees

    Company continues its exit from the mortgage lending space
    Capital One is planning to lay off 286 employees from its Plano, Texas, campus as it continues to close its mortgage lending and home equity operations. According to the Dallas Business Journal, the exit is a result of the rising interest rate environment and high home prices freezing homebuyer demand.
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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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