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...Harris collected sports teams....
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...This exhibition at the V&A invites us into the opulent world of master goldsmith Carl Fabergé and his London clientele....
...The private banks look more at the bigger picture, such as retained profits in a business, private equity investments, a stock portfolio, or fine art,” says Jonathan Harris of mortgage broker Anderson Harris...
...By 2011 and with the economy in recovery, there were no longer any bargains in mortgage-backed securities....
...He is also encouraged by a “V-shaped” recovery in Asia, its largest market, and less dire forecasts for UK consumers....
...Payment holidays on credit cards, mortgages and rents are also masking the current stress on loan books....
...Mr Noto is “financially sophisticated, IPO-ready and has legitimacy in the tech community,” said Matt Harris, managing director of Bain Capital Ventures in New York....
...(FT) In the news Tata v Cyrus Mistry The Indian conglomerate hit back at its ousted chairman for “repeated departures from [Tata's] culture and ethos”, ramping up the high-powered war of words between...
...(Slate) Tourism: London v Venice Three museums in the English capital last year received more visitors than the entire Italian city of Venice....
...The biggest US retail bank by deposits also plans to add sales staff, including mortgage loan officers, small business bankers and personal investment advisers, as part of its efforts to improve revenues...
...Marc Rowan and Josh Harris, two of Apollo’s three founders, will sit on the board of the new AR Global....
...Mortgage servicers such as Ocwen, Nationstar and Walter Investment have been buying hundreds of billions of dollars worth of “mortgage servicing rights” from big banks including JPMorgan Chase and Bank of...
...“If you propose a deal that is expensive, you do not belong at Apollo,” says co-founder Mr Harris....
...The sale is expected to unfold in the coming weeks with $215bn worth of MSRs going to Nationstar Mortgage, a mortgage lender and servicer owned by private equity group Fortress Investment Group....
...Personal Capital’s platform allows users to connect all their accounts, including bank deposits, brokerages and 401(k) pension plans, with credit cards, mortgages and car loans....
...Ocwen Financial fought off stiff competition from Nationstar Mortgage to win a bankruptcy court auction of Residential Capital’s mortgage servicing and origination business....
...The successful auction follows the sale of ResCap’s mortgage servicing business to Ocwen Financial for $3bn on Wednesday after it won a bidding war with Nationstar Mortgage....
...Ocwen Financial and NationStar Mortgage will compete for the chance to buy the business at the Sheraton Hotel in New York. They have both valued the ResCap rights at around $2.5bn....
...Berkshire also sought to displace Nationstar, a mortgage company backed by Fortress Investment Group, as the stalking horse bidder for the mortgage business....
...A recent earnings release from Nationstar said it had improved payment rates on 17 per cent of its subprime loans originated between 2004 and 2007, the best performance among US mortgage servicers....
...The trustee representing the US taxpayer’s interest in Ally Financial had earlier expressed opposition to the break-up fee proposed by Nationstar....
...But the judge selected Nationstar, a mortgage servicer majority owned by Fortress, which ResCap had originally proposed as the stalking horse bidder....
...ResCap will add $374bn to the almost $200bn of mortgage assets already serviced by Nationstar, the largest non-bank mortage loan servicer in the US....
...Judge Glenn also told ResCap to justify a $72m break up fee in the “stalking horse” bid for its mortgage servicing unit by Nationstar. ResCap had recommended that bid when it filed for bankruptcy....
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