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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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KNF, Poland’s banking regulator, is looking to launch asset-backed and mortgage-backed securities either late next year or in 2013 to provide domestic banks with better access to long-term financing, according to Wojciech Kwasniak, deputy head of the agency.
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Private-label issuance of mortgage-backed securities is at the same standstill it found itself in a year ago, with little progress made on any of the key issues in play, RMBS professionals say.
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The Financial Industry Regulatory Authority has fined Barclays Capital $3 million for misrepresenting delinquency data in connection with the issuance of residential subprime mortgage-backed securitizations and for inadequate supervision of its staff.
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Government entity Fannie Mae has again made revisions to its guidelines for mortgage services, removing language known as the “ability to pay” clause and making the Home Affordable Refinance Program more accessible to servicers, analysts say.
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The U.K. Financial Services Authority’s call for increasingly stringent standards to combat a return of risky mortgage lending should not have much of an impact on prime U.K. residential mortgage-backed securities, according to Moody’s Investors Service.
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Redwood Trust is expanding its network of correspondent lenders to originate loans for new commercial mortgage-backed securities transactions.
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Placed issuance in European securitization is expected to increase in 2012, Citigroup analysts said Tuesday.
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Market professionals hailed the resilience of Europe’s securitization market in 2011 in the face of sustained market turbulence and tighter regulatory restrictions.
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The Federal Housing Finance Agency has teamed up with the Office of the Attorney General of New York to investigate banks’ practices as they relate to mortgage-backed securitizations.