Tag Archives: Credit Suisse

Just weeks after being named Vice Chairman of Wells Fargo, Thomas Nides has decided to leave his post, with the former U.S. Ambassador to Israel instead turning his attention to recent events in the Middle East.

Thomas R. Nides will join the executive team at Wells Fargo, bringing experience as U.S. Deputy Secretary of State and COO of the U.S. State Department under the Obama Administration to his new role.

MReport spoke with mortgage industry veteran Frank Pallotta as he approached Election Day in his run for congress in the 5th District of New Jersey.

Brian “Woody” White of Homebridge Financial Services discusses how he shifted from focusing on tech to D&I and what mortgage companies need to consider when building their own D&I programs.

Bryan Filkey, Chief Strategy Officer for Interfirst Mortgage, discusses the non-government guaranteed space and managing workforce capacity as the housing market evolves.

In keeping with its intention to move out of the residential mortgage lending space, Capital One recently sold its first and second lien mortgages to a Credit Suisse subsidiary. Here’s how the funds from this transaction are likely to be used.

The Swiss-based bank became the third firm in a week to settle with the Department of Justice for conduct related to mortgage-backed securities leading up to the crisis.

According to separate releases from both FHFA and Credit Suisse, the bank will pay approximately $234 million to Fannie Mae and approximately $651 to Freddie Mac—$885 total. The settlement—the ninth out of 18 suits filed against banks by the FHFA in 2011—closes all claims against Credit Suisse in two lawsuits: FHFA v. Credit Suisse, et al. and FHFA v. Ally Financial Inc., et al.

The RMBS Working Group filed a complaint against Credit Suisse for allegedly misrepresenting securities sold to investors.