The Securities and Exchange Commission (SEC) has accused Wells Fargo of failing to produce documents relating to an investigation of the bank's mortgage-backed securities.The SEC filed a subpoena enforcement action in federal court on Friday, seeking to force Wells to comply with subpoenas dating back to September 2011.
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Flows this week moved down in coupon as investors added duration on the strong flight-to-safety bid. They also responded to faster-than-expected Home Affordable Refinance Program (HARP) refinancing activity in April.
May 11 -
Clopton Capital plans to expand loan options for owners and operators of gas stations nationwide.
May 11 -
Surprise losses on JPMorgan Chase & Co.'s synthetic credit portfolio have racked up $2 billion in mark-to-market losses, the bank reported late Thursday.
May 11 -
Freddie Mac's new chief executive, Donald Layton, urged critics to keep an open mind about the troubled GSE and pledged to focus on "the nuts and bolts" to improve efficiency.
May 11
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Residential lenders issued $36.4 billion of Ginnie Mae MBS in April, a 25% spike from the prior month, according to new figures released by the agency.
May 11 -
The House of Representatives this week adopted a Republican amendment that would bar the Justice Department from engaging in further mortgage settlement talks without giving bond investors a seat at the negotiating table.
May 11 -
TriLyn has formed an investment management platform focused on opportunities in high yield commercial real estate (CRE) debt.
May 11 -
A major shake up in the senior ranks at Arch Bay Capital has taken place with several departures from the company, according to three nonperforming loan investors that have conducted business with the firm.
May 11 -
Global shipping company Hapag-Lloyd increased an existing trade receivable securitization to $150 million.
May 11 -
Freddie Mac on Thursday named Donald Layton, who previously held executive positions at E*Trade and Chase, its CEO.
May 10 -
Middle market CLOs have remained relatively scarce since the financial crisis, as it’s still difficult for deal sponsors to get financing to warehouse loans to small and medium-sized companies.
May 10
