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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Banco BPI has launched a tender offer for RMBS in the Douro series. The offer covers all classes in Douro 1 and 2, and class ‘A’ notes in Douro 3, with purchase price on all class ‘A’ notes at a flat 65% of par.
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The Federal Reserve says it will begin releasing its forecast for key interest rates, starting with its next meeting later this month, as part of Chairman Ben Bernanke’s efforts to increase greater transparency by the central bank.
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Sen. Sherrod Brown (D-Ohio) has called on Congress to pass the Foreclosure Fraud Prevention and Homeowner Protection Act, which he introduced last year, to punish banks that abandon homes on which they foreclosed.
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Justice Eileen Branstein of New York State Supreme Court has made it easier for MBIA to recover losses on insurance policies it wrote on mortgage-backed securities sold by Countrywide Financial by ruling that the bond insurer does not have to establish a “direct causal link” between the lender’s alleged misrepresentations about the MBS and the losses MBIA claims.
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Investors in residential mortgage-backed securities may be the big losers in a settlement being hammered out between the state attorneys general and mortgage servicers over their foreclosure practices.
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Senior noteholders in DSB Bank’s troubled Chapel 2003-I B.V. securitization want to overhaul transaction documents to help boost disclosure, as the originator faces potential duty of care claims that could affect the performance of the deal.
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Germany’s HSH Nordbank has charged Ally Financial, JPMorgan Chase, Barclays and several other large banks for allegedly misrepresenting representing the risks of the loans underlying residential mortgage-backed securities they sold.
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MassMutual has filed suit against Merrill Lynch, Fenner & Smith, Deutsche Bank Securities, Goldman Sachs, JPMorgan Securities and RBS Securities, charging them with misleading the insurer about the risks of the mortgages-backed securities they underwrote between 2005 and 2007 backed by loans issued by Residential Funding.
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Market participants are optimistic of more new issuers tapping securitization markets for the first time in 2012.