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
More articles
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Credit Suisse is arranger and sole bookrunner on a rare U.K. non-conforming residential mortgage-backed issue, Aggregator of Loans Backed by Assets (A.L.B.A.) 2012-1, which surfaced Tuesday morning.
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Bank of America’s issuance of mortgage-backed securities backed by Ginnie Mae tumbled by nearly half in the fourth quarter compared with the preceding three-month period and was down 71% from a year earlier.
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Only 5% of underwater borrowers—an estimated 500,000 out of 25 million--would be eligible for principal reduction under the $25 billion settlement between the nation’s five largest lenders and government officials, according to the Brookings Institution.
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The Obama administration has expanded the Department of the Treasury’s Home Affordable Modification Program to include real estate investors.
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John Williams, president of the Federal Reserve Bank of San Francisco, says that if the U.S. economy needs additional stimulus, “restarting our program of purchasing mortgage-backed securities would probably be the best course of action.”
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Rep. Kevin Brady (R-Texas) is expected to introduce on March 8 the Sound Dollar Act, which would limit the Federal Reserve’s regulatory power and could restrict the type of mortgage-backed securities the central bank can buy.
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PSigma Investment Management and TwentyFour Asset Management have co-launched the TwentyFour Focus Bond Fund, which will target a mix of assets at the lower end of the credit spectrum, including asset-backed securities.
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Appetite for euro-denominated paper is expected to increase as industry attention switches to the next potential flow of new deals.
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Bank of America and JPMorgan Chase have been slapped with another lawsuit involving residential mortgage-backed securities.