Fed To Servicers: Give Borrowers Helping Hand

  • 04 Sep 2007
Email a colleague
Request a PDF
The Federal Reserve urged residential mortgage loan servicers earlier today to review their ability to help borrowers at risk of defaulting on their homes and to pursue loss mitigation strategies with an eye towards preserving homeownership. “Appropriate loss mitigation strategies may include, for example, loan modifications, deferral of payments or a reduction of principal,” the agency said in a statement. “In addition, institutions should consider referring appropriate borrowers to qualified homeownership counseling services that may be able to work with all parties to avoid unnecessary foreclosures.” A significant number of homeowners with hybrid adjustable-rate mortgages should see their mortgages reset throughout the rest of this year and during the next year, likely putting those borrowers at risk of defaulting on their loans.
  • 04 Sep 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,505.59 4 23.86%
2 SG Corporate & Investment Banking 1,292.64 1 20.48%
2 Rabobank 1,292.64 1 20.48%
4 BNP Paribas 598.25 2 9.48%
5 TD Securities Inc 241.54 1 3.83%