Standard & Poors agreed to a one-year suspension from rating commercial mortgage bond conduits and $77 million in fines to settle charges with the Securities and Exchange Commission and two state attorneys general.
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The latest securitization of reperforming residential mortgages offers investors less protection against future losses than the previous deal, and has earned correspondingly lower safety scores from Fitch Ratings.
March 25 -
Investors who want the troubled Ocwen Financial to stop servicing their mortgage-backed securities should think again, according to Morgan Stanley.
March 25 -
Facing costs incurred by this winters mega-snow, Bostons MBTA might consider catastrophe bonds as a hedge against future damage.
March 25 -
Commercial mortgage-backed securities servicers have held on to real-estate owned properties for longer than usual, which could lead to a reversal in the declines in liquidations seen recently, according to a Fitch Ratings study.
March 25 -
Houston's Galleria Mall showed among the property securing a second commercial mortgage securitization in as many weeks.
March 24
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Nomura Holdings and Angel Oak Capital have a deal that may help revive the part of the market that went bust during the crisis. Their success could encourage more banks to dip their toes back into riskier mortgages.
March 24 -
Fannie Mae is looking to broaden its investor base. The agency said it had listed all of it risk-sharing deals on the Irish Stock Exchange and will continue doing so with future transactions.
March 24 -
Banks are marketing $2.8 billion of bonds backed by three mortgages used to finance the purchase of industrial property portfolio from the Blackstone Group by Global Logistics Properties and GIC PTE.
March 24 -
Ocwen Financial Corp. agreed to sell another $25 billion of mortgage servicing rights to Nationstar Mortgage Holdings.
March 24 -
First City Financial plans to securitize a much smaller pool of non performing commercial real estate loans in its third securitization.
March 23 -
Capital One is marketing $500 million of three-year notes backed by credit card receivables, according to Fitch Ratings.
March 23 -
Ocwen Financial is fighting back against a group of large bondholders that have accused the Atlanta mortgage servicer of improper servicing practices and an alleged breach of trust.
March 23


