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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U.S. District Judge Jed Rakoff of New York has denied a motion of summary judgment by Flagstar Bank, forcing the bank to proceed to trial with Assured Guaranty Municipal.
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U.S. District Judge Naomi Reice Buchwald of Manhattan has rejected a bid by investors to obtain documents from the U.S. Department of Justice relating to its criminal investigation of traders who allegedly manipulated the London Interbank Offered Rate.
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Citi’s 10-K filing confirms what many have suspected for some time — it has followed US peer JP Morgan into the non-US RMBS market with some big tickets.
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The second stage of the European Central Bank’s Long-Term Refinancing Operation, which saw 800 European banks borrow a total of EUR529.5 billion ($706.1 billion) on Wednesday, will help sustain the rally in the region’s securitization markets, London-based officials say.
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The decision by a federal appeals court to shift a proposed $8.5 billion settlement involving Countrywide Financial residential mortgage-backed securities could facilitate its approval, according to Fitch Ratings.
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The Federal Housing Finance Agency’s plan to create a securitization platform and minimize the role of Fannie Mae and Freddie Mac could be promising for agency and private-label U.S. residential mortgage-backed securities, according to Fitch Ratings.
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Kamala Harris, the attorney general of California, is pressing Fannie Mae and Freddie Mac to reduce principle of delinquent borrowers and to suspend foreclosures until the Federal Housing Finance Agency, which oversees the two lenders, completes a thorough review of its policy not to grant debt reductions to underwater home owners.
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Massachusetts has joined the expanding investigation of HSBC in connection with the sale of residential mortgage-backed securities.
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Freddie Mac has announced a new offering of multifamily mortgage-backed securities known as structured pass-through certificates, of K certificates.