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Latest news
Volkswagen also added a UK auto ABS to the primary
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
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Lloyds Banking Group today issued guidance on its Arkle 2012-1 U.K. prime residential mortgage-backed issue, which includes the Arkle program’s first yen-denominated tranche since October 2010.
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Banks dumped $26 billion in mortgage-backed securities holdings in the last week, a significant drop over a short period, according to analysts at JPMorgan during a client call on Tuesday.
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U.S. bank continued to maintain tight lending standards in the fourth quarter despite rising demand, according to the Federal Reserve.
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Citigroup has adopted a strategy to avoid purchasing medium or high-risk mortgages that could eventually result in requests from Fannie Mae and Freddie Mac to buy them back.
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Dutch pension fund Stichting Pensioenfonds ABP has filed suit in New York state Supreme Court against Goldman Sachs for allegedly providing misleading information about the credit quality of residential mortgage-backed securities.
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The outlook is stable this year for the credit quality of new and outstanding structured-finance transactions in Latin America, according to Moody’s Investors Service.
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The newly formed Residential Mortgage-Backed Securities Group is expected to focus on insufficient or misleading disclosure in selling the securities relating to credit quality, conforming to underwriting guidelines and underlying property valuations, among other factors, according to Robert Khuzami, director of the U.S. Securities and Exchange Commission’s Division of Enforcement.
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Performance of Italian residential-mortgage-backed securities was stable in November, according to Moody’s Investors Service, with delinquencies at the same level as a year earlier.
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U.S. Attorney General Eric Holder has announced the formation of the Residential Mortgage-Backed Securities Working Group, made up of members of the Department of Justice, state attorneys general and officials of other federal agencies.