Latest news
Latest news
Citi prepares consumer ABS from Abound forward flow
It plans to include transactions backed by second lien fixed rate mortgages originated post-crisis
Public versus private distinction scrapped for disclosure plus new, simplified templates for mature asset classes
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The Federal Reserve grabbed market participants' attention on Wednesday as it released the minutes of its most recent Federal Open Market Committee meeting, held from January 29-30, in which members agreed to pause rate rises and the central bank's balance sheet reduction. -
Prepayment speeds for agency MBS issued by the US government sponsored enterprises (GSEs) were similar to one another in the fourth quarter, reflecting how a push for aligned underwriting at the GSEs appears to be bearing fruit in the months before the UMBS debuts.
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Sandra O’Connor, chief regulatory officer at JPMorgan Chase, is retiring from the firm on April 1, according to an internal memo seen by GlobalCapital.
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A brief dip in mortgage rates has given some relief to lenders, but the US mortgage industry is undergoing contraction, with several mortgage originators looking to spin off their residential lending and mortgage servicing portfolios, and others filing for bankruptcy.
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As investors and service providers pour into the market for Greek non-performing loans, authorities in the country have proposed two schemes to help the country's banks meet their ambitious targets for selling off these assets and cleaning up their balance sheets. Only one of them deserves serious consideration.
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Mark Calabria, economist and adviser to the vice-president, sat before the Senate Banking Committee on Thursday in an official confirmation hearing to become director of the Federal Housing Finance Agency (FHFA), the chief regulator of the US housing finance system.
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The Spanish RMBS sector is bracing itself for the impact of legislators’ push to compensate borrowers for early foreclosure periods.
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Rizwan Hussain, the controversial figure who runs investment vehicle Clifden Isle of Man No 1, has been declared insolvent, according to UK court records, even while a separate investment vehicle he controls, Greencoat Investments Ltd, is in the market trying to take control of pre-crisis securitization from the Business Mortgage Finance series. The insolvency isn’t Hussain’s only trouble, GlobalCapital understands, with at least one investment bank having reported him to the regulator over a previous tender for UK RMBS notes.
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The European Central Bank (ECB) is looking to set up its own platform in collaboration with the Sociedad de Gestión de Activos procedentes de la Reestructuración Bancaria (Sarreb) in order to shift European non-performing loans (NPLs).
