Finance Mortgage Banking
Arbor Appoints Reisert to Senior Vice President, Capital Markets
April 29, 2008
Arbor Commercial Mortgage L.L.C. has tapped Peter Reisert to be senior vice president of its capital markets department. He will oversee the day-to-day operations of the department and its role in supporting Arbor’s Fannie Mae, FHA and CMBS production unit.
Recent Mortgage Banking Headlines
Citi Backs Out of Wachovia, Plans to Sue Winner Wells Fargo
Oct. 10, 2008
After days of unquestionably heated talks, Citigroup Inc. has decided to relinquish its bid to buy Wachovia Corp.'s banking operations. This paves the way for Wells Fargo & Co. to follow through with its proposed $15.1 billion acquisition of the troubled financial institution.
Central Banks Try Different Strategies to Stabilize Financial Crisis
Oct. 09, 2008
Just don’t call it “nationalization.” The Bush administration is reported to be considering taking equity stakes in some high-profile U.S. banks as its next measure to contain the global credit crisis. The decision, which is still up in the air, would not require new legislation, but would instead derive from powers already granted by the Emergency Economic Stabilization Act of 2008.
Financial Market Update-Wed., Oct. 8
Oct. 08, 2008
The I.M.F.--that's the International Monetary Fund, not the Impossible Missions Force--warned today that the governments of the developed world need to act together to stem the financial crisis, or it could become "increasingly disorderly and costly for the real economy."
Financial Market Update: After the Closing Bell- Tuesday, Oct. 7
Oct. 07, 2008
The Federal Reserve intends to set up a special fund to lend directly to businesses that are finding it hard to borrow due to the timidity of banks in the current climate. The fund will be prosaically known as the Commercial Paper Funding Facility, and will buy three-month unsecured commercial paper. Both the Fed and the U.S. Treasury will fund the entity.
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