Latest news
Latest news
TwentyFour priced its Dutch prime RMBS refi, Blackstone its sterling logistics CMBS
Blackstone is aiming to execute its CMBS before the market shuts for Global ABS
Second large office CMBS in quick succession after The Soloviev Group sold a $1.7bn New York office CMBS last week
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Europe’s securitization market has seen a hike in the diversity of types of assets placed with investors, according to a new report from the Association for Financial Markets in Europe that will be released tomorrow.
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The Federal Deposit Insurance Corp. has joined investors and state attorneys general in objecting to the $8.5 billion settlement to resolve investors’ claims over mortgage-backed securities issued by Countrywide Financial, now owned by Bank of America.
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Servicers of residential mortgage-backed securities will be on the hook for more costs associated with troubled legacy deals after the city council of Springfield, Mass., last week held that securitization trusts are liable for the upkeep of homes in foreclosure.
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The Ohio Public Employees Retirement System and the State Teachers Retirement System of Ohio have filed suit against the U.S. Federal Housing Finance Agency over a new rule that limits how much investors can recover as a result of securities fraud.
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Ginnie Mae has expanded the types of loan eligible for repurchase from its mortgage-backed securities to include any modified loan that has successfully completed a three-month trial repayment schedule.
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Investors in Countrywide Financial mortgage-backed securities have gone to court to block a $8.5 billion settlement with Bank of America by requesting the case be moved from New York state court to federal court on the grounds that multiple parties in the lawsuit qualify it as a class action and subject to federal jurisdiction.
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Asset-backed securities have been the most stable form of securitization during the August market slump, says credit market players.
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Global banks are protesting higher capital requirements imposed by the Basel Committee on Banking Supervision, warning that the tougher measures could result in reduced lending and growth and affect competition in the financial system.
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Industry officials are raising their objection to section 939F of the Dodd-Frank Act, a controversial provision sponsored by Senator Al Franken (D-Minn.), which proposed a third-party board to parcel out new deals among the rating agencies, as well as a two-year study to investigate the ratings process.