MBS fallout could hit Wells Fargo, JPMorgan
Recall the controversial $8.5 billion settlement between Bank of America and a group of investors--including the likes of PIMCO, Blackrock, the Federal Reserve Bank of New York and other big
PrinceRidge Names Barry Berkeley Head of U.S. Residential Mortgage Backed Securities Group
NEW YORK--(BUSINESS WIRE)-- PrinceRidge, the financial services firm led by John Costas (Chairman) and Michael Hutchins (CEO), has named Barry Berkeley Head of the U.S. Residential Mortgage Backed
Fitch Rates Hawaii Housing Finance & Development Corp's $50MM 2011A & 2009A-1 Bonds 'AAA'
NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has assigned an 'AAA' rating to the following Hawaii Housing Finance and Development Corporation (HHFDC) mortgage revenue bonds (mortgage backed securities
Fitch Rates Vermont Housing Finance Agency's $25MM 2011 A and 2009A-2 Bonds 'AAA'
NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has assigned an 'AAA' rating to the $25,000,000 Vermont Housing Finance Agency (VHFA) mortgage revenue bonds (mortgage backed securities program) as follows:
Innkeepers Emerges from Chapter 11
Hotel Properties Emerge with Stronger Operations and Higher RevenuesPALM BEACH, Fla., Oct. 27, 2011 /PRNewswire/ -- Innkeepers USA Trust and its affiliates ("Company") announced today that the
Fitch Affirms the Ratings on Three U.S. RMBS Re-REMICs
NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has affirmed the ratings on three U.S. residential mortgage backed securities (RMBS) resecuritization trusts (Re-REMICs) as a part of Fitch's continued
NorthStar REIT Originates $9.5 Million Senior Mortgage Loan
NEW YORK, Oct. 17, 2011 /PRNewswire/ -- NorthStar Real Estate Income Trust, Inc. ("NorthStar REIT") announced today that it originated a $9.5MM Senior Mortgage Loan ("Senior Loan") for the
Fitch Downgrades and Withdraws Rating on ABSpoke 2005-1, Ltd.
NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has downgraded and subsequently withdrawn the rating on the class of notes issued by ABSpoke 2005-1, Ltd. (ABSpoke 2005-1) as follows: --$0 ABSpoke 2005-1
Fitch Takes Various Rating Actions on 14 CRE CDOs
NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has downgraded 32 classes and affirmed 130 classes from 14 commercial real estate collateralized debt obligations (CRE CDOs) with exposure to commercial
CRT Capital Reaches Agreement with Citadel Securities to Acquire IMBS Team
Transaction Supports Continued Expansion of CRT’s Securitized Products Business STAMFORD, Conn.--(BUSINESS WIRE)-- CRT Capital Group LLC (“CRT”), an independent institutional broker-dealer based in
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