Latest news
Latest news
Green securitizations have been prominent in CMBS this year
Rating cut as note pays more interest than planned
Inflation caused by war threatens budding recovery in commercial real estate
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Residential mortgage-backed securities investors were confused a day after the Federal Deposit Insurance Corporation lodged new papers in federal court related to the $8.5 billion Bank of America put-back settlement.
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The American Securitization Forum is out with its model repurchase proposal, which Executive Director Tom Deutsch says is a more tailored solution to the issue of “skin in the game” proposed by rule makers.
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At least a portion of the $9.5 billion Anglo Irish portfolio of commercial property and mortgage loan portfolio that sold to a group of three investors last week may be headed for securitization, says an official with knowledge of the transaction.
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Europe’s securitization market has seen a hike in the diversity of types of assets placed with investors, according to a new report from the Association for Financial Markets in Europe that will be released tomorrow.
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The Federal Deposit Insurance Corp. has joined investors and state attorneys general in objecting to the $8.5 billion settlement to resolve investors’ claims over mortgage-backed securities issued by Countrywide Financial, now owned by Bank of America.
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Servicers of residential mortgage-backed securities will be on the hook for more costs associated with troubled legacy deals after the city council of Springfield, Mass., last week held that securitization trusts are liable for the upkeep of homes in foreclosure.
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The Ohio Public Employees Retirement System and the State Teachers Retirement System of Ohio have filed suit against the U.S. Federal Housing Finance Agency over a new rule that limits how much investors can recover as a result of securities fraud.
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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.