The auction process for the government-controlled Residential Capital Corp. could last for up to five days with the bankruptcy court not approving a winning bidder for almost a month.
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Another CMBS transaction is in the works called COMM 2012-CCRE5, according to an SEC filing today.
November 27 -
Standard & Poor's estimates that CMBS issuance in the U.S. will hit $45 billion dollars in 2013.
November 27 -
Credit card delinquency and default rates continued to drop in the third quarter, except for a slight increase in the sub-sector of retail, DBRS said.
November 27 -
The qualified mortgage test and risk retention rules will cement Fannie Mae and Freddie Mac’s dominance in the secondary market.
November 27
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Centerline Capital Group said on Monday that it closed its first non-multifamily financing.
November 27 -
Today the Board of the IOSCO published the final report on Principles for Ongoing Disclosure for Asset Backed Securities, which is a guide to securities regulators.
November 27 -
Mortgage bankers issued almost $37 billion of Ginnie Mae MBS in October, a 6% decline from the month prior.
November 27 -
Retailers that are major CMBS tenants have posted mixed results.Online retailing continues to accelerate and it’s causing a shift in the business models of retailers and by extension; it’s also causing a shift in the business models of landlords that provide space to retailers.
November 27 -
UBS claims that the FHFA waited too long to file suits that charged it and other underwriters with misconduct in the sale of RMBS.
November 26 -
Former S&P chief credit officer Mark Adelson has joined BondFactor as the firm's chief strategy officer. Today is Adelson's first day.
November 26 -
President Barrack Obama has designated SEC member Elisse Walter as the next SEC chair, the White House announced Monday.
November 26