A sharp pick up in the issuance of CLOs this year hasn't resulted in much reshuffling in the ranks of credits held by these deals. In fact, there was no movement in the top five names between the first and second quarters.
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Lender Processing Services (LPS) data reveal that both the foreclosure rate and mortgage delinquencies continued to decline through August.From a database of nearly 40 million loans nationwide that represents approximately 70% of the overall market, LPS said in its “first look” report that August’s foreclosure rate was 4.04%. This figure represents a 1% decline from the previous month and 2% less than a year ago. Additionally, it is the lowest foreclosure rate since October 2010.
September 24 -
Interactive Mortgage Advisors (IMA), Denver, is offering two small bulk mortgage servicing rights packages one backed by loans in Pennsylvania and the other in Nevada.
September 24 -
Royal Bank of Canada plans to issue credit card transactions under its Golden Credit Card Trust Series 2012-5 and Series 2012-6.
September 24 -
James Meleones will be responsible for all aspects of Clayton Holdings's commercial real estate practice, including loan-level due diligence, loan and portfolio valuation and portfolio oversight and strategy.
September 24 -
Republican presidential candidate Mitt Romney and running mate Paul Ryan released a white paper on Friday outlining a plan to improve the housing market.
September 24
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Beacon Container Finance is in the market with a $200 million container ABS transaction. The deal marks the company's debut in the securitization market.
September 24 -
Investors had been anticipating and preparing for QE3 action since spring, so it was only natural for profit taking to emerge, especially with quarter-end approaching.
September 21 -
Director Richard Cordray of the Consumer Financial Protection Bureau has said that lenders should not be overly concerned with potential legal liability for making so-called "qualified mortgages"
September 21 -
The RMBS Working Group, which was formed to probe misconduct in the mortgage market during the run-up to the financial crisis, may be getting ready to take action.
September 21 -
Bank of America this week auctioned off $14 billion worth of residential mortgage servicing rights, according to bidders and advisors close to the situation.
September 21 -
Citigroup is marketing a $655 million collateralized loan obligation for Carlyle, the private equity firm's third deal this year.
September 21 -
The pace of new issue CMBS deals maintained momentum with the addition of two new deals on Thursday.
September 21