Lawsuits filed by the Federal Deposit Insurance Corp., accusing Deutsche Bank, Goldman Sachs, and the Royal Bank of Scotland of fraud with regards to $840 million worth of mortgage-backed securities have been revived by the 5th U.S. Circuit Court of Appeals in New Orleans.
Read More »Goldman Sachs Consents to Pay $270 Million to Resolve RMBS Claims
Goldman Sachs has agreed to pay approximately $270 million to resolve claims that it sold billions of dollars worth of faulty residential mortgage-backed securities to investors, according to multiple media reports.
Read More »Stewart Announces New Chief Information Security Officer
Stewart Information Services Corp. recently announced that Genady Vishnevetsky has been hired as chief information security officer.
Read More »JPMorgan Chase Reaches $388 Million Settlement in MBS Investor Lawsuit
JPMorgan Chase & Co agreed to pay $388 million to resolve a lawsuit by investors who claimed that the U.S. bank provided misleading information about the safety of $10 billion worth of residential mortgage-backed securities it sold before the financial crisis, according to multiple media reports.
Read More »B2R Finance Welcomes New CFO
Nationwide lender for single-family rental (SFR) property investors B2R Finance announced this week that Darren Thompson has been hired as CFO and EVP of strategy. Thompson brings more than 30 years of experience in the real estate and mortgage industries to B2R Finance. His previous positions include executive leadership roles with American Express, Fannie Mae, Morgan Stanley, and Goldman Sachs. Most recently, he was a founding member of Railfield Partners, a real estate and financial services advisory and asset management boutique.
Read More »LenderLive Names New VP of Business Development for Due Diligence Division
LenderLive Network Inc., a domestic-based, end-to-end mortgage services provider, recently announced that Sharif Mahdavian has joined the firm as VP of business development for the company’s Due Diligence division, reporting directly to Mark Hughes, president of LenderLive’s Due Diligence Division.
Read More »U.S. Prime Jumbo RMBS Issuance on Track to Exceed Post-Crisis Levels
The issuance of new U.S. prime jumbo residential mortgage-backed securities (RMBS) is set to exceed last year’s levels thanks to a strong second quarter of RMBS issuance, according to Fitch Ratings’ quarterly U.S. Prime Jumbo RMBS Trends report. The Fitch report notes that eight jumbo RMBS deals came to market in second-quarter 2015 from six issuers.
Read More »Investors Revive Suit Against U.S. Bank Over $743 Billion Worth of RMBS
A group of dozens of investors, led by BlackRock, Inc., have revived a lawsuit in a New York state court that was dismissed in a federal court last month, accusing U.S. Bank of failing in its duties as trustee for more than $743 billion worth of mortgage backed securities.
Read More »Alliant National Title Insurance Promotes SVP and Southeast Regional Counsel
Alliant National Title Insurance Company, a title insurance underwriter that partners with independent agents to improve their competitive position in the marketplace, recently announced in a press release the promotion of Jeff Stein to SVP and Southeast regional counsel after five years of working with the company.
Read More »Report Lists Top Five Highest-Yielding REITS of 2015
In an Investopedia.com report, author Dan Moskowitz documented the top five real estate investment trusts (REITs) that will persevere consumers’ capital investments. He also cautions to steer clear of trusts that do not have investor’s best interest of growing their capital at the forefront of their priorities.
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