Hints and tips:
...The FT’s Mark Vandevelde and Robert Smith broke news of Goodman’s sweetened package on Tuesday....
...Mr Bonderman got his start as a bankruptcy lawyer before going to work with investor Robert Bass....
...NEWS Banks reach mortgage settlements of more than $20bn: BofA agreed to pay $11.6bn to Fannie Mae to resolve a protracted legal battle over bad loans....
...In the meantime, Goldman is close to leaving the mortgage-servicing business with a sale of its Litton Loan unit to Ocwen due to be announced within days, reports Bloomberg....
...Goldman Sachs was down 3.5 per cent to $112.16 after writing down $53m of delinquent mortgage loans as part of a deal over mortgage and foreclosure practices at its former subsidiary Litton Loan Servicing...
...CB Richard Ellis Loan Servicing has acted as special servicer to the loan....
...A PwC report on Priory’s own position in 2007 said it had £575m of senior debt that, with shareholder loans, gave it overall debt of around £1bn. Servicing the debt has cost £74m this year ....
...Robert Barrie, Credit Suisse We expect a strong and sustained recovery. It probably started about six months ago....
...Countrywide Home Loans Servicing LP, et al is ostensibly brought on behalf of a class of purchasers of certain mortgage pass-through certificates for which CWALT, Inc. and various issuing trusts filed registration...
...For example, Goldman Sachs bought Litton Loan Servicing in December to help it find distressed mortgages to buy and restructure....
...About 30 per cent of its holdings were in loans used to finance KKR buy-outs....
...Goldman Sachs bought Litton Loan Servicing in December to help it find distressed mortgages to buy and restructure....
...In February, JPMorgan and others agreed to finance the $45bn buy-out of TXU – the largest ever announced – for Kohlberg Kravis Roberts and Texas Pacific Group, and bigger deals seemed inevitable....
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