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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Bank of America’s announcement that it will reduce the principal balance on roughly 200,000 mortgages from its Countrywide Financial legacy portfolio may be a positive for the bank but could have a negative impact on some investors of residential mortgage-backed securities, according to Fitch Ratings.
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Natixis has priced the senior bond from Principal Residential Investment Mortgages 1, a novel securitization of Dutch non-conforming residential mortgages.
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BBVA has become the first Spanish bank to take over a nationalized lender, Unnim, for a single euro as the Bank of Spain looks to unload troubled institutions it holds.
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Lloyds Banking Group is putting together a £600 million ($949 million) portfolio of loans for its second such sale in six months. .
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Top executives of Moody’s Investors Service, Standard & Poor’s, Fitch Ratings and DBRS appearing before the U.K.’s Treasury Select Committee would not apologize for its role in the mortgage-backed securities debacle that led to the global financial services, but did express “regret” and “dissatisfaction” for MBS failures.
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Allied Irish Bank is planning to cut 2,500 jobs, about 20% of its workforce.
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The U.S. Department of Justice is said to be hiring a significant number of new staffers for its investigations of mortgage-backed securities and to work with regulators on uncovering fraud.
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Judicial Watch has sued the Federal Housing Finance Agency for allegedly denying its freedom-of-information requests for documents related to private-label mortgage-backed securities that the FHFA had acquired from 17 banks.
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Credit losses for residential mortgage-backed securities transactions in Europe, the Middle East and Africa are “far below average for structured finance as a whole,” with only one loss reported to date, according to Fitch Ratings.