Latest news
Latest news
◆ EU regs plan sparks debate over treatment of secured borrowing ◆ Blistering corporate and FIG issuance but why are premiums rising in one market but not the other? ◆ UK Renters' Rights Act to impact UK buy-to-let RMBS market
New law expected to accelerate the dominance of professional landlords
Together added to the sterling market with a small ticket CRE CMBS
More articles
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Credit Suisse has priced Aggregator of Loans Backed by Assets (ALBA) 2012-1, a rare U.K. non-conforming residential mortgage securitization, with market pros welcoming the result as an indicator of the depth of the market.
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Way back in July, SI reported that investors were still “sifting through” Bank of America’s $8.5 billion settlement with aggrieved bondholders, and that traders were touting multi-million Bids-Wanted-In-Competition s of senior tranche notes, saying cashflows on the legacy paper were set to increase 8-10% percent (SI, 7/1/11).
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A report by the inspector general of the U.S. Department of Housing and Urban Development faults bank managers for failing to act on problems identified in the foreclosure process, and in some cases, directing lower-level employees to bypass established procedures.
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The Federal Reserve has announced that Ally Financial, Citigroup, MetLife and Suntrust do not have sufficient capital to withstand another financial crisis based on the central bank’s hypothetical deep-recession scenario in its latest round of stress tests.
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American Capital Agency says it plans to sell up to 62.1 million shares in a secondary offering and use the proceeds to purchase additional agency mortgage-backed securities.
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More than a dozen of the nation’s 19 largest banks will likely boost dividends and share buybacks by 30% if they receive passing grades in the latest round of stress tests, according to analysts.
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Goldman Sachs has named Jeffrey Verschleiser has been named global head of mortgage trading in a wave of management changes at the investment bank, which include the appointment of Justin Gmelich as global head of credit trading.
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The rate of improvement for U.S. subprime residential mortgage-backed securities has slowed, with loans originated before 2005 seeing little or no improvement at all, according to Fitch Ratings.
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Nationwide Building Society has returned to the market with a new issue of U.K. prime residential mortgage-backed securities from its Silverstone program.