Latest news
Latest news
Meanwhile, BNP Paribas hires in structured finance
Aspire's first deal is a $391.28m non-prime securitization
Two lenders entering administration should signal to others: simplify the industry
More articles
More articles
-
Fannie Mae says it will begin this quarter making available to investors loan-level data on single-family mortgage-backed securities.
-
The law firm Gibbs & Bruns announced that its client institutional bondholders have instructed US Bank and HSBC, as their trustees, to launch investigations of ineligible mortgages that were pooled for more than $19 billion of residential mortgage backed securities issued by various affiliates of Wells Fargo.
-
Northern Rock’s residential mortgage-backed vehicle Granite saw bids for its lower-rated tranches up on year-end levels, as secondary trading of asset-backed securities in Europe opened the year strong, according to London-based market participants.
-
A novel Japanese yen-denominated auto loan securitization from Volkswagen Financial Services is on the horizon, the first sign of new issuance life in the new year. -
Banco BPI has launched a tender offer for RMBS in the Douro series. The offer covers all classes in Douro 1 and 2, and class ‘A’ notes in Douro 3, with purchase price on all class ‘A’ notes at a flat 65% of par.
-
The Federal Reserve says it will begin releasing its forecast for key interest rates, starting with its next meeting later this month, as part of Chairman Ben Bernanke’s efforts to increase greater transparency by the central bank.
-
Sen. Sherrod Brown (D-Ohio) has called on Congress to pass the Foreclosure Fraud Prevention and Homeowner Protection Act, which he introduced last year, to punish banks that abandon homes on which they foreclosed.
-
Justice Eileen Branstein of New York State Supreme Court has made it easier for MBIA to recover losses on insurance policies it wrote on mortgage-backed securities sold by Countrywide Financial by ruling that the bond insurer does not have to establish a “direct causal link” between the lender’s alleged misrepresentations about the MBS and the losses MBIA claims.
-
Investors in residential mortgage-backed securities may be the big losers in a settlement being hammered out between the state attorneys general and mortgage servicers over their foreclosure practices.
