Bank of America Merrill Lynch analysts have updated their home price model and think that home prices are currently bottoming out.

March 22
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  • JPMorgan Chase & Co.'s second quarter earnings results may be "substantially different" than it initially announced because of what appears to have been a serious risk management failing in the bank's Chief Investment Office, JPMorgan announced late Thursday afternoon.

    May 10
  • WSFS Financial Corp., the parent company of WSFS Bank, announced the firm's implementation of selected asset strategies. This includes sellling MBS as part of its portfolio management.

    May 10
  • The National Reverse Mortgage Lenders Association (NRMLA) has asked a federal regulator to craft a ‘qualified mortgage’ (QM) rule specifically for private reverse mortgages.

    May 10
  • ABS

    Solar securitizations have long been eyed as a financing alternative that can lower the weighted average cost of solar energy products for customers. It will also reduce exposure to developers.

    May 10
  • Newcastle Investment Corp., a mortgage investing REIT managed by Fortress Investment Group, is “very optimistic” it will participate in a big investment in mortgage servicing rights with other entities that its manager oversees, chairman Wesley Edens said.

    May 10
  • Mayer Brown has hired Barbara Goodstein as a partner in the banking and finance practice in New York. She was formerly a partner with Dewey & LeBoeuf.

    May 10
  • The Federal Reserve Bank of New York has sold the entirety of the TRIAXX CDO holdings from its Maiden Lane III portfolio to Merrill Lynch, Pierce, Fenner & Smith after a competitive bid process.

    May 10