While the changes to Spanish law governing mortgage foreclosures are ostensibly favorable to borrowers, Moody's believes they are credit neutral for Spain’s RMBS.
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Analysts at Bank of America Merrill Lynch said in a report on Friday that another $587 million in unrealized losses may still be lurking in RMBS portfolios serviced by Ocwen Loan Servicing.
June 24 -
Rising house will benefit holders of Germany covered bonds than covered bonds issued in other European countries, Moody’s Investors Service said today.
June 24 -
Moody’s Investors Service has put on review for downgrade 1,079 tranches from 299 shifting interest/pro-rata U.S. residential mortgage-backed securities transactions that are reaching or getting closer to the end of their terms.
June 21 -
California Republic Bank completed a $238 million securitization of prime auto loans; residual interest sold privately.
June 21 -
Ally Financial priced a $500 million subprime auto loan securitization; it features a one-year revolving period
June 20
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Amherst Securities Group, an approved Fannie Mae and Freddie Mac securities underwriter, has brought on Chris McDowell as a managing director in fixed income trading and sales,
June 20 - Europe
New regulations aimed at reducing the European securitization market’s reliance on external credit ratings were enacted today, according to Emil Paulis, the European Commission’s director responsible for financial markets
June 20 - Europe
Panelist speaking at this morning’s IMN Global investor roundtable said that the ECB push for SME securitization may give banks a carte blanche to push an originate to distribute model for these assets.
June 20 -
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The growing U.S. housing recovery is ‘credit positive’ for timber revenue securitizations, according to Moody’s Investors Service.
June 19 - Europe
Nobody wanted to hear it and nobody wanted to say it but even as IMN Global ABS makes the move back to its home, during the securitization market's heyday, of Barcelona, Spain; attendees can still expect to be talking about regulations.
June 19 -
Fitch Ratings has rated the first residential mortgage-backed securitization from Shellpoint Partners, a multi-tranche deal worth $261 million
June 19
