It stands to reason that with delinquencies falling and home values firming up that mortgage servicing rights are poised for a handsome increase in value. But judging from the latest earnings statements from the nation’s megabanks, nothing could be farther from the truth.
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Citibank plans to launch a new securitization deal from its Citibank Credit Card Issuance Trust, according to an SEC registration the bank filed today.
September 27 -
Redwood Trust filed an SEC registration for a new RMBS deal to be issued from its Sequoia series of deals.
September 27 -
The ABS industry right now is very focused on the October 12, changes the U.S. Commodity Futures Trading Commission plans to make that would render deals "commodity pools".
September 27 -
The new $876mn conduit CMBS from Deutsche Bank/Cantor will raise year to date issuance in the sector to $32bn, $1bn less than 2011’s full year total, according to today's Standard & Poor's securitization update.
September 27 -
Mortgage performance at national banks improved slightly in the second quarter, and seriously delinquent loans were at their lowest level in three years, the Office of the Comptroller of the Currency said Thursday.
September 27
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The auction process for the government-controlled Residential Capital Corp. could last for up to five days with the bankruptcy court not approving a winning bidder for almost a month.
September 27 -
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Suresh Hathiramani has been appointed head of fixed income trading for Natixis' Americas platform.
September 27 -
Freddie Mac has issued its first floating rating multifamily CMBS from its capital markets execution program.
September 27 -
Attorney Bart Dzivi, who served as counsel to the Financial Crisis Inquiry Commission in 2009 and 2010, proposes government must help prevent a future economic collapse by promptly and urgently prosecuting top executives for their crimes.
September 27 -
Both TD Bank and Scotiabank may reportedly be among more than 15 bidders for the non-U.S. operations of Ally Financial.
September 26 -
Mortgage applications rose almost 3% on a sequential basis for the week ending Sept. 21
September 26
