Rahm Emanuel on Tuesday shot down the idea of the city's plan to seize underwater mortgages, the Chicago Tribune reported.
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After surging 19.6% the last week of September as mortgage rates fell to new historic lows, refinancing activity eased back.
October 10 -
Trafigura AG completed a $250 million receivables purchase facility that was syndicated by Finacity Corporation.
October 10 -
Penske Truck Leasing Co. has completed its first asset-backed bank conduit facility with a group of six banks for $450 million.
October 9 -
The CRE Finance Council and investment research firm Morningstar have teamed up to launch a data set covering all facets of commercial mortgage-backed securities
October 9 -
Alliance Data Systems Corporation and GE Capital are each in the market with credit card ABS securitization deals that total a combined $1.032 billion.
October 9
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Sallie Mae will issue a $976 million securitization of private student loans.
October 9 -
Hyundai Motor Co. and American Honda Finance Corp. are marketing two auto securitization deals that will be sized at $1.5 billion and $1bln respectively.
October 9 -
Investment bank EA Markets is muscling up their structured finance team by bringing on three new hires: Neil Winward, Greg Raykher, and Gerry Kaufman.
October 9 -
The U.S. housing recovery will vary by price range, location and seasonal adjustments to distressed property sales. These same factors also define how MBS deals are impacted, according to an Oct.9, Amherst Securities report.
October 9 -
Standard & Poor’s has found fresh evidence supporting its view that originators of consumer asset-backed securities will sustain issuance into the fourth quarter.
October 9 -
The estimated price of whole loans securing commercial mortgage-backed securities was 88.7% in August, up from 88.1% in July, according to DebtX, Boston.
October 5 -
Federal regulators are targeting another financial firm in connection with its mortgage activities before the housing crisis.
October 5