• Investment Dealers' Digest one-month trial subscription
• IDDMagazine.com one-month trial subscription
• Free e-newsletters
• Free whitepapers

Real Estate

Auction of HSBC Unit Will Serve as Barometer of Mortgage Market

August 23, 2010 - As part of its disposal of U.S. consumer banking businesses, HSBC Holdings is shopping HSBC Mortgage Corp.

GGP Gets Court’s OK on Statement

August 20, 2010 - A bankruptcy court approved General Growth Properties’ disclosure statement, bringing the shopping mall owner closer to emerging from bankruptcy.

GGP Gets SEC Probe, Blackstone Investment

August 18, 2010 - The Securities and Exchange Commission is conducting an insider trading investigation of General Growth Partners. The bankrupt shopping mall owner also disclosed that it is receiving equity investment from The Blackstone Group.

Foreign Investors' Net Agency MBS Buys Rise

August 16, 2010 - Foreign investors' net purchases of agency MBS continued to trend upward in June, rising to $20.4 billion from $17.3 billion in May and $10.5 billion in April, according to a report by Credit Suisse analysts.

General Growth Lost Less Money In The Second Quarter Than It Did A Year Ago

August 16, 2010 - General Growth Properties, the Chicago REIT that filed for bankruptcy protection in April 2009, reported a loss of $117.5 million, or 37 cents a share, in the second quarter of this year, compared with a loss of $158.4 million, or 51 cents a share, in the second quarter of 2009.

Morgan Stanley Hires European ABS Head

August 13, 2010 - Cecile Houlot joined Morgan Stanley as managing director and head of its European securitization effort within the global structured solutions group.

JPMorgan Buys $3.5B of Performing Citigroup CRE Loans

August 11, 2010 - JPMorgan Chase & Co. acquired $3.5 billion of multifamily and commercial real estate loans from Citigroup, saying that the "highly desirable" portfolio mirrors the Chase commercial term-lending group's focus on "excellent borrowers in stable markets."

REIT Hires SVP in Capital Markets

August 9, 2010 - Private REIT The Carson Companies hired Fred McIntosh as senior vice president in capital markets. McIntosh will be leading the firm’s newly formed Carson Advisors.

BlackRock Names Rieder CIO of Fixed Income

August 4, 2010 - Rick Rieder, who has been head of corporate credit at BlackRock, has taken on responsibility for the multi-sector and mortgage group at the company in his promotion to chief investment officer of fixed income, fundamental portfolios.

Two RMBS Deals in the Market

August 4, 2010 - American Home Mortgage Servicing Inc. is in the market with a $400 million real estate-backed deal, and Australia’s Liberty Financial is in the market with a $200 million RMBS deal.

Private Label MBS Losses Continue at U.S. Central

August 3, 2010 - U.S. Central Federal Credit Union reported late Monday that growing losses on its portfolio of private-label mortgage-backed securities created a $39.4 million loss for its second quarter.

General Growth Plans $1.3B Bond Deal

August 3, 2010 - Bankrupt General Growth Properties will reinstate $1.3 billion in bonds in order to remove a term loan from its restructuring plan, the Chicago-based company announced Tuesday.

Former New Century Financial Execs Settle with SEC

August 2, 2010 - The Securities and Exchange Commission has accepted settlement offers from three former officers of New Century Financial Corp., the subprime lender that was one of the first to collapse at the start of the subprime mortgage crisis.

In Affirming Citi, Wells and BofA, Moody's Offers Negative Outlook On Trio

July 27, 2010 - Moody's on Tuesday affirmed the long-term and short-term ratings of Bank of America, Citigroup, and Wells Fargo. At the same time, the rating agency changed its outlook on the banks to negative from stable.

Lawmakers, FDIC Spar Over Blueprint For Covered Bond Market

July 27, 2010 - A fight is brewing between regulators and Congress over how to develop a covered bond market, with the latest salvo expected to be fired as soon as Tuesday, when the House Financial Services Committee could begin voting on a bill tackling the issue.