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
-
The American Securitization Forum is concerned a new ordinance approved today by Chicago’s City Council will set a “costly nationwide precedent,” for mortgage servicers possessing vacant properties.
-
General Electric said it plans to vigorously fight the lawsuit filed by the U.S. Federal Housing Finance Agency against its GE Capital unit and 16 other major lenders over residential mortgage-backed securities sold to Freddie Mac six years ago.
-
Top rated bonds in U.K. lender Bradford & Bingley’s Aire Valley Master Trust are being highlighted as a strong buy-and-hold investment compared to certain U.K. prime RMBS, according to a study by Bank of America-Merrill Lynch analysts.
-
Stichting Pensioenfonds ABP, the second-largest pension fund in Europe, has filed suit against Deutsche Bank for allegedly misrepresenting underwriting standards and practices in legacy residential mortgage-backed securities.
-
James Campbell, former director of servicer oversight at Deutsche Bank, has left for a new post at Vericrest Financial, the renamed servicing arm of CIT Group.
-
Moody’s Investors Service has downgraded $1.4 billion of residential mortgage-backed securities backed by loans insured by the Federal Housing Administration and the Veterans Administration.
-
A sudden flood of asset-backed securities on Europe’s secondary market could place further widening pressure on spread levels in the region, analysts at Henderson Global Investors have warned.
-
Structured finance lawyers are working to bring covered bonds to emerging markets in Eastern Europe, borrowing securitization technology in the absence of local legislation to facilitate the new sector.
-
The Basel Committee on Banking Supervision denies media reports that it is considering relaxing tough new liquidity standards it has imposed on global banks, according to Stephen Walter, Basel’s secretary general.