MBS prepayment numbers for August are expected to jump, in part because of an increased number of days on which mortgage holders can finalize a refinancing. The market is projected to see the opposite effect in September, which will have fewer such days.
-
The Securities Industry and Financial Markets Association (SIFMA) recommended that fixed-income markets be open tomorrow, Wednesday, Oct. 31, for the trading of U.S. dollar-denominated fixed-income securities in the U.S., according to a statement published on the association’s Web site.
October 30 -
Downgraded European sovereigns saw ratings on their covered bonds lowered at levels ten times higher than those from more stable European sovereigns, according to a Moody's Investors Service special comment published today.
October 30 -
Travelers Capital Corporation has arranged long term non-recourse financing for the acquisition of the Raging River hydroelectric power facility on North Vancouver Island, for Aquila Infrastructure Management.
October 30 -
Interactive Mortgage Advisors is sending out for auction a $370 million package of servicing rights backed by Ginnie Mae loans.
October 30 -
Both large and small banks protested a June proposal that would implement the Basel III accord by forcing financial institutions to hold more and higher-quality capital.
October 30
-
Oliver Wyman's valuations of the troubled RMBS and CLOs held by Spanish banksprovide a benchmark on what sort of losses securitised transactions face, said analysts at the Royal Bank of Scotland.
October 30 -
However, the government housing programs have limited credit implications in terms of French RMBS and covered bonds, Moody's Investors Service said.
October 30 -
S&P downgraded 242 ratings during 3Q12, for a 1.9 upgrade-to-downgrade ratio, dropping from the record ratio of 3.3 in 2Q12.
October 30 -
Hurricane Sandy is likely to affect coastal and some inland regions of several states, but analysts at Standard & Poor's said today that it was still too early to gauge the effects on residential and commercial real estate.
October 29 -
LPS has reached a settlement with the Colorado Attorney General that concludes the State's investigation of the former document execution practices by LPS units,
October 29 -
Once the Consumer Financial Protection Bureau finalizes several mortgage rules in January, the bureau should be prepared to provide timely guidance on implementation issues, according to three industry groups.
October 29 -
The national two-year default rate went up to 9.1% for the most recent cohort, increasing from 8.8% for the 2009 cohort.
October 29