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
More articles
-
The country’s 50 largest banks acquired an estimated $9 billion in mortgage-backed securities guaranteed by the federal government in the second quarter, while their non-agency MBS fell by $300 million, according to research by the National Information Center.
-
U.S. District Judge Marian Pfaelzer has handed Bank of America a victory by consolidating eight lawsuits against the bank’s Countrywide Financial unit over mortgage-backed securities.
-
Wall Street banks are said to be preparing to reduce their work force by 5% to 10% beginning as soon as September.
-
Morningstar is on track to release its first ratings on residential mortgage-backed securities in the fourth quarter, according to Brian Grow, managing director. -
Knight Capital is looking to grow its home equity conversion mortgage-backed securities business, part of a strategy to aggressively pursue market share in the sector.
-
Eurohypo, the special servicer on the troubled Opera Finance (Uni-Invest) Dutch commercial mortgage-backed securitization, is to hold an auction for the deal’s underlying portfolio.
-
The latest version of Regulation AB II, the Securities and Exchange Commission’s massive asset backed securities reform, does not include a risk-retention requirement, since the agency considers Dodd-Frank rules adequate on skin-in-the-game concerns.
-
The lull in European structured finance is expected to last another week before the market kicks back into action, according to syndicate desk heads in London.
-
The short-selling ban on bank stocks in France, Belgium, Spain and Italy is not likely to have a direct impact on European securitizations, but that’s not stopping the sector’s paper from continuing to fall in what bankers are calling an “ugly” market environment.
