The second lien market has been on the decline since the housing bust of 2008, but there’s growing evidence that business is starting to gain traction.
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Credit card receivables backing asset-backed transactions posted late-stage delinquencies of 1.71% in October, the first increase this year.
November 14 -
Non-profit public corporation Vermont Student Assistance Corp. is planning to sell a deal called Student Loan Asset-Backed Notes, Series 2012-1.
November 14 -
The rating agency cited the pending acquisition by Ocwen of ResCap's loan servicing unit.
November 14 -
Some banks, after shrinking their investment in servicing, may see value in the product.
November 14 -
Mortgage application activity rose 12.6% in the week ending Nov. 9, according to the Mortgage Bankers Association.
November 14
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A $950 million CMBS backed by the fee interest in 1290 Avenue of the Americas has joined this week's CMBS pipeline.
November 14 -
Lawsuits that charge Goldman Sachs and Deutsche Bank with misleading mortgage investors may proceed, a federal judge in Manhattan has ruled.
November 13 -
Redwood Trust is planning to sell its sixth transaction of 2012 called Sequoia Mortgage Trust 2012-6, a Jumbo prime RMBS transaction.
November 13 -
Raj Date, the CFPB's No. 2, will leave the agency after it finalizes a package of mortgage rules it is currently writing, a spokeswoman said.
November 13 -
The securitization vehicle set up to fund the tariff deficit in the Spanish power industry will be selling €110 million of debt securities backed by a Spanish government guarantee.
November 13 -
Although European CMBS saw a boost in new issuance in September, with two new transactions closing in a single month for the first time since August 2007, S&P believes that this activity is not indicative of a "sustainable rebound".
November 13 -
Moody’s says that the higher education sector was recently blessed with a credit positive but that the sector will experience mixed credit conditions in the next few years.
November 13