Fannie Mae and Freddie Mac are likely to remain key participants in the mortgage market as the private label securities market struggles to revive.
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Shellpoint Partners said its shelf registration initially filed with Securities and Exchange Commission last October, was declared effective today.
May 8 -
The Structured Finance Industry Group’s first executive director comes from the ranks of an issuer: Richard Johns, a managing director and head of global funding and liquidity at Ally Financial.
May 8
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New Oak Capital on Monday announced its new Mortgage Credit Service business that will be based in Danbury, CT.
May 7
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Capital One is prepping a $500 million credit card securitization, its second of the year, according to Fitch Ratings.
May 7 -
Textainer Group, a lessor of intermodal containers, has amended its $1.2 billion warehouse securitization facility, extending the term and lowering the interest rate.
May 7
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A global settlement between MBIA and Bank of America is positive for MBIA-wrapped non-agency mortgage-backed securities, according to Barclays.
May 7 -
Bank of America has agreed to pay the bond insurer MBIA $1.6 billion to settle a five-year-old dispute over losses related to soured mortgage-backed securities.
May 6 -
Big players remain largely absent from the re-emerging private-label residential mortgage-backed securities market.
May 6 -
A common securitization platform is under "full scale development" and should be ready for "significant testing" by next year, spokesmen for the government-sponsored housing enterprises said.
May 6 -
Lawrence Ceriello has joined Morrison & Foerster’s real estate finance group in New York as a partner.
May 6 -
CarMax is planning an $800 million securitization of used auto loans, according to a presale report issued today by Fitch Ratings.
May 6 -
The percentage of loans paying off on their balloon date registered 64.6% -- eight points above the March reading of 56.6%, according to the Trepp April payoff report,
May 6