Latest news
Latest news
Blackstone is targeting a quicker than usual three day execution
Triple-As were priced at 170bp over Sofr, close to guidance
US market remains the model as template issuance takes shape
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Ginnie Mae has expanded the types of loan eligible for repurchase from its mortgage-backed securities to include any modified loan that has successfully completed a three-month trial repayment schedule.
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Investors in Countrywide Financial mortgage-backed securities have gone to court to block a $8.5 billion settlement with Bank of America by requesting the case be moved from New York state court to federal court on the grounds that multiple parties in the lawsuit qualify it as a class action and subject to federal jurisdiction.
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Asset-backed securities have been the most stable form of securitization during the August market slump, says credit market players.
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Global banks are protesting higher capital requirements imposed by the Basel Committee on Banking Supervision, warning that the tougher measures could result in reduced lending and growth and affect competition in the financial system.
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Industry officials are raising their objection to section 939F of the Dodd-Frank Act, a controversial provision sponsored by Senator Al Franken (D-Minn.), which proposed a third-party board to parcel out new deals among the rating agencies, as well as a two-year study to investigate the ratings process.
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Talk of a new and aggressive home refinancing plan coming from the Obama administration has led to volatility in the agency residential mortgage-backed securities market.
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The number of loans in U.S. commercial mortgage-backed securities schedule to mature in 2012 will drop by 40%, according to Fitch Ratings.
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Citadel Securities’ move to shutter its fixed-income sales and trading operations will put in play another band of market pros just as larger firms are laying off.
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Prudential Mortgage Capital Company has hired Curtis Brunton from Redwood Trust to originate commercial mortgage-backed securities loans in California and the western U.S., Managing Director Marcia Diaz told SI.