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Latest news
Meanwhile, BNP Paribas hires in structured finance
Aspire's first deal is a $391.28m non-prime securitization
Two lenders entering administration should signal to others: simplify the industry
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The Attorney General’s Office of New York has denied claims that the Residential Mortgage-Backed Securities Working Group set up in January by the Obama administration and headed by N.Y. Attorney General Eric Schneiderman has been inactive.
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U.K. lender Coventry Building Society is preparing to come to market with its first securitization of prime residential mortgages, Leofric No. 1, as officials at the firm predict future RMBS activity will complement its existing covered bond program.
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The first quarter of 2012 saw more than $51 billion of new issue securitization in the U.S. and more than $16 billion in Europe, marking the best start to a year since the 2008 financial crisis, according to SI data. -
Coventry Building Society this week revealed plans for its debut RMBS transaction, following on from its first covered bond last year. The UK borrower is targeting a sterling deal next week.
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The growing trend of short sales of distressed residential real estate loans could be positive for residential mortgage-backed securities trusts, according Fitch Ratings.
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Volcker Rule Delayed Two Years Regulators, including the Federal Reserve, have announced that the effective date of the Volcker Rule has been delayed two years until July 21, 2014.
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Top executives of major banks said downgrades threatened by Moody’s Investors Service could result in a shift of business to healthier counterparties.
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Fannie Mae says it issued $7.1 billion of multifamily mortgage-backed securities in the first quarter, a 44% increase from a year earlier.
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A panel of the House Financial Services Committee has voted 31 to 26 to strip the Dodd-Frank Act of the authority to wind down troubled financial institutions.
