Securitizations of REO single family homes that have been converted to rentals could come as early as next year, Dash Robinson, managing director at Wells Fargo Securities.
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Neighborhood Pay Services (NPS) said it plans to expand its direct deposit platform, Rent Assurance, to distressed single family rentals that will be packaged in securitizations.
December 18 -
Investors, sponsors and sellers of asset backed commercial paper continue to buy split-rated assets, said Moody’s Investors Service in a report on Monday.
December 18 -
Issuance of Government National Mortgage Association-backed MBS jumped 12% in November on a sequential basis, to the highest level since December 2009.
December 17 -
Redwood Trust plans to increase its origination private label RMBS origination activity in 2013.
December 17 -
The Climate Bonds Initiative held roundtable discussions on Dec. 14, to look at how the covered bonds market can best be adapted for renewable energy finance.
December 17
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MBS spreads had been tighter heading into Wednesday's FOMC statement; however, the news served to back-up rates with the 10-year note yield rising to 1.699 percent from 1.649 percent
December 14 -
Bob Ryan, a senior HUD official who launched FHA’s foray into risk management as it pertains to lenders, has accepted a position within the capital markets group at Wells Fargo Home Mortgage, according to two Washington sources who have been briefed on the matter.
December 14 -
Trepp reported today that the $72 million Kings' Shops CMBS loan modified in an A/B note structure, saw the B portion of the note written off entirely.
December 14 -
DFG Investment Advisers, a New York-based money manager, is prepping its first collateralized loan obligation, the $317 million Vibrant CLO.
December 14 -
Bank of America has escalated a longstanding dispute with MBIA over securities backed by residential mortgages.
December 14 -
Evan Malik has joined BNP Paribas’ securitization group, a spokeswoman at the bank confirmed today.
December 13 -
Goldman Sachs priced its $300 million CMBS deal backed by Bridgewater Commons, a three-story, 992,561 square foot super-regional mall and adjacent lifestyle center located in Bridgewater, New Jersey.
December 13