Moodys Investors Service and Standard & Poors downgraded Ocwens servicer quality rating last week following backdating allegations made by the New York Department of Financial Services.
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American Homes 4 Rent, the largest publicly traded investor in single-family rental homes, has acquired a pool of properties from a subsidiary of Michael Vranos' Ellington Management Group, in what could be a sign of further consolidation in the asset class.
January 2 -
DBRS announced that its assigned ratings to LEAF Commercial Capitals only equipment lease securitization issued in 2014.
January 2 -
Ocwen Financial, operating under a settlement with New York's banking regulator that restricts its servicing portfolio acquisitions, is looking at its old private-label mortgage securities as a new profit center.
December 31 -
Reporting of principal forbearance losses in residential mortgage-backed securities is not reported consistently from servicer to servicer, according to Fitch.
December 31
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The storm, which made landfall near Cabo San Lucas in Mexico on Sept. 15, had threatened holders of $100 million of MultiCat Mexico Ltd. (Series 2012-1) Class C notes with a 50% loss of their principal.
December 31 -
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RMBS deals with high New York state concentrations, serviced by Ocwen face additional modification activity that could disrupt cash flow to the bonds, according to a Moodys Investors Service report.
December 30 -
A judge has named Deerwood Bank winner of the bankruptcy auction for American Bank of St. Paul, in the first test of involuntary bankruptcy as a means of resolving trust-preferred debt.
December 30 -
Biz2Credit, an online lending marketplace geared toward small businesses, has received a $250 million investment capital agreement from Direct Lending Investments, a fund that purchases small business loans through online and peer-to-peer lending platforms.
December 29 -
Dick Clark Productions priced $340 million of securities backed by the fees and revenues from the groups most recognizable television broadcasts, which includes the group's New Years Rockin Eve with Ryan Seacrest.
December 29 -
Issuance of catastrophe bonds reached a new record in 2014 as rising demand for relatively high yields pushed insurers to do more and larger deals to offload an ever wider variety or risks from natural disasters.
December 28


