Barclays' new trust, since it was just formed, must comply with the FDIC’s new regulations to qualify for Safe Harbor, Citigroup Global Markets analysts explained in a report released today.
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Fannie Mae president and CEO Timothy Mayopoulos said the GSE recognizes the outsized role it is playing in the mortgage market but is working on trying to attract more private capital to the business, he told attendees at the Mortgage Bankers Association’s annual convention in Chicago today.
October 22 -
Lender Processing Services said today it has added two supplemental data modules to enhance McDash, its loan-level database.
October 22 -
Citi is underwriting a $67.4 mln structured finance deal for the state of Delaware that is backed by energy efficiency revenue bonds, according to an official statement published on the deal.
October 22 -
coverage of IMN's ABS East 2012 Conference
October 22 -
Fitch Ratings said today that it consolidated its investor-focused business staff in its FitchRatings unit into a global team that will be led by Debbie Hartley.
October 22
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Speakers at one panel of Information Management Network’s ABS East conference think the industry will come around to this field’s potential of socially responsible investing.
October 22 -
Nearly a half decade after the start of the mortgage crisis, portions of borrower vetting for securitized mortgages are still being done primarily by loan originators. This causes a potential risk management gap, particularly for non-Fannie Mae and Freddie Mac-backed mortgages that are bundled and sold as mortgage-backed securities.
October 21 -
The Federal Deposit Insurance Corp. announced that Oaktree Capital Management was the winning bidder for commercial real estate loans of the failed bank, Tennessee Commerce Bank .
October 19 -
Regulators are moving forward with proposals to apply the corporate bond transparency system known as TRACE (Transaction Reporting And Compliance Engine) to the entire MBS and ABS markets,according to Saber Partners.
October 19 -
Credit card securitizations almost exclusively consist of receivables of well-seasoned, high-quality cardholder accounts that have performed well despite persistently high unemployment, according to a Moody's Investors Service report published today.
October 19 -
Santander Consumer Bank pre-placed its Svensk Autofinans 1— the first Swedish securitization of 2012.
October 19 - Europe
The European Central Bank published details of its latest extension to collateral eligibility requirements, which will allow U.S dollar, U.K. sterling and Japanese yen collateral to be used in its monetary operations.
October 19