American Capital Strategies Ltd., a buyout and mezzanine fund based in Bethesda, Md., has announced the formation of a Commercial Mortgage Asset Management Group, to be headed by Douglas Cooper as managing director.The move leverages the company's franchise in the asset-backed securities market, where it has "pioneered the issuance of middle-market collateralized loan obligations," said Malon Wilkus, American Capital's president and chief executive officer. Mr. Cooper joins American Capital from CWCapital LLC, where he was managing director in charge of its Washington office, American Capital said. He was previously managing director at Allied Capital Corp., where he was involved in all aspects of the company's commercial mortgage-backed securities investment program. Mr. Cooper will be responsible for developing a team to manage and invest in CMBS, American Capital said. The company can be found online at http://www.americancapital.com.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
9h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
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While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
July 11 -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
July 11 -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11