Related JV Makes Debt Acquisition on New York Tower, WSJ Says
Posted by The Distressed Debt Report on September 8, 2010
The Wall Street Journal reports that Related Cos. and Deutsche Bank AG have purchased the mortgage o…
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Obama seeks new design for housing, Fannie/Freddie
Posted by Reuters: Business News on August 17, 2010
WASHINGTON (Reuters) – The Obama administration called for “fundamental change” at Fannie Mae and Freddie Mac, but a long, politically explosive debate lies ahead on the future of the bailed-out mortgage giants and housing policy that affects millions of Americans and billions in investment.
Housing summit may yield Fannie and Freddie clues
Posted by Reuters: Business News on August 12, 2010
WASHINGTON (Reuters) – An Obama administration summit of housing industry leaders next week may yield clues on the future of Fannie Mae and Freddie Mac , the two mortgage heavyweights that so far have sucked up close to $150 billion in taxpayer bailout funds.
More Bad News for CMBS
Posted by The Distressed Debt Report on July 30, 2010
The news coming from Fitch Ratings and research firm Realpoint on the commerical mortgage-backed sec…
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Ex-AIG’s Cassano emerges to defend role
Posted by Reuters: Business News on June 30, 2010
WASHINGTON (Reuters) – The much-maligned former head of the American International Group unit which drove the insurer to the brink of collapse, broke a long silence on Wednesday to defend his aggressive buildup of risky mortgage-linked securities.
SEC examining Goldman Sachs’ Hudson deals: report
Posted by Reuters: Business News on June 10, 2010
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission, which charged Goldman Sachs Group Inc with fraud in April, is investigating another mortgage-linked deal once pitched by the Wall Street firm, the Financial Times reported, citing people close to the matter.
Invesco's $1.46B Mortgage Recovery Fund to Invest in PPIP
Posted by The Distressed Debt Report on April 27, 2010
Invesco Ltd. said it held a final closing for its $1.46 billion Mortgage Recovery Fund, which will b…
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WaMu risk-taking slammed
Posted by Reuters: Business News on April 13, 2010
WASHINGTON (Reuters) – Former Washington Mutual Chief Executive Kerry Killinger charged regulators unfairly seized the thrift in September 2008, even as the head of a congressional panel accused the savings and loan of creating a “mortgage time bomb” in its quest for profits.
WaMu called time bomb as ex-CEO laments seizure
Posted by Reuters: Business News on
WASHINGTON (Reuters) – Former Washington Mutual Chief Executive Kerry Killinger charged regulators unfairly seized the thrift in September 2008, even as the head of a congressional panel accused the savings and loan of creating a “mortgage time bomb” in its quest for profits.
Fannie, Freddie regulator pitches new housing goals
Posted by Reuters: Business News on February 17, 2010
NEW YORK (Reuters) – The federal regulator of Fannie Mae and Freddie Mac on Wednesday proposed an overhaul of how the mortgage funding giants would serve the nation’s housing market.
