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Massachusetts Attorney General and Morgan Stanley settle subprime investigation
- Alston & Bird LLP
- -
- USA
- -
- June 24 2010
Earlier today, Massachusetts Attorney General Martha Coakley announced that Morgan Stanley has agreed to pay a combined $102 million to affected Massachusetts homeowners and the Commonwealth of Massachusetts following an investigation by the Attorney General's Office into Morgan Stanley's role in the securitization and financing of Massachusetts subprime loans
Bernanke testifies on economic outlook before House Committee on the Budget
- Alston & Bird LLP
- -
- USA
- -
- June 10 2010
Yesterday, the House Committee on the Budget held a hearing entitled State of the Economy; View From the Federal Reserve
Ireland's National Asset Management Agency acquires first tranche of loans from Irish banks; Minister of Finance introduces broad initiatives to stabilize banking system
- Alston & Bird LLP
- -
- Ireland
- -
- March 30 2010
Today, the National Asset Management Agency (NAMA), the Irish government's "bad bank" asset acquisition programme, announced that it will acquire an initial tranche of over 1,200 individual loans to the 10 largest land and development borrowers of Allied Irish Banks Plc (AIB), Anglo Irish Bank, Bank of Ireland, Irish Nationwide Building Society, and EBS Building Society, for consideration of 8.5 billion
FDIC sells $1.02 billion in distressed loans to fund managed by Colony Capital Acquisitions
- Alston & Bird LLP
- -
- USA
- -
- January 8 2010
Today, the FDIC announced that Colony Capital Acquisitions, LLC paid a total of approximately $90.5 million (net of working capital) in cash for a 40 equity stake in a limited liability company (LLC) created by the FDIC to hold a portfolio of approximately 1,200 distressed commercial real estate loans with an aggregate unpaid principal balance of $1.02 billion arising out of 22 failed bank receiverships
Federal housing administration actuarial study reveals capital reserve ratio below statutory threshold
- Alston & Bird LLP
- -
- USA
- -
- November 13 2009
Yesterday, the Federal Housing Administration (FHA) announced that its annual independent actuarial study revealed that the FHA has "sustained significant losses from loans made before 2009, and the capital reserve ratio has fallen below the congressionally mandated threshold."
Current Search
- Workarea - Commercial Property
- Firm Name - Alston & Bird LLP
- Author - Darren Cooper