Latest news
Latest news
Invictus, Annaly, JP Morgan to print a billion dollars each next week
UK lender has placed €1.5bn of Dutch prime RMBS paper this year, doubling its annual issuance
Dutch mortgage provider launches its second public RMBS of the year
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Fitch Ratings says it is revising its rating criteria for Irish residential mortgage-backed securities after projecting that mortgage delinquencies and house price declines are likely to be worse than initially forecast.
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UK non-conforming RMBS and buy-to-let spreads continue to track UK prime spreads inwards, raising the prospects for non-prime issuance after the summer, ABS bankers have told EuroWeek Structured Finance.
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Goldman Sachs has agreed to pay $26.6 million to investors that charged in a class action that the investment bank misrepresented the mortgage-backed securities it sold to them.
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Avis Budget Rental Car Funding has completed an offering of $690 million asset-backed securities, the proceeds of which will be used to refinance ABS debt maturing in 2013 with a blended interest rate of roughly 5%.
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Angelo Gordon is preparing to launch the AG Securitized Asset Recovery Fund, which will invest in residential and commercial mortgage-backed securities.
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Long-term arrears in U.K. nonconforming residential mortgage-backed securities have improved from their peak of nearly 21% in 2009, decreasing to around 16%, according to Barclays.
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John Hancock Life Insurance has filed a lawsuit against Ally Financial, alleging that its Residential Capital unit committed fraud for the “wholesale and systematic abandonment of underwriting guidelines” the sale of 50 residential mortgage-backed securities between 2003 and 2007.
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The U.S. Federal Housing Finance Agency has turned down a request by the Department of Treasury to change its policy of not permitting principal write-downs for loans guaranteed by Fannie Mae and Freddie Mac.
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U.S. District Judge Richard Stearns of Boston has rejected a motion by JPMorgan Chase to dismiss a lawsuit charging the bank for mishandling loan modifications, and “gross ineptitude” of a bank unit in connection with loan modifications by prolonging the process, imposing additional fees on loans in default and starting foreclosures after homeowners filed for workouts.