Ed DeMarco, acting director of the Federal Housing Finance Agency (FHFA), said Tuesday that struggling borrowers whose loans are owned by Fannie Mae and Freddie Mac will not be allowed to wipe out part of their mortgages under a government program, defying pressure from the Obama administration and top Democratic lawmakers.
-
e continued CRE deleveraging is a credit positive for the sector even though decreasing CMBS outstandings can hurt liquidity, Standard & Poor's analysts said.
September 21 -
Standard Chartered has appointed Steve Perry as head of capital markets for the Middle East, North Africa and Pakistan, according to a company release. His responsibilities include overseeing the bank's regional securitization business.
September 20 -
Canadian credit card ABS provides good diversification as well as spread pickup for U.S. credit card buyers, Citigroup Global Markets analysts said.
September 20 -
Fannie Mae is telling new seller/servicers that it will cap how much product they can sell to the GSE based on their net worth and other factors.
September 20 -
-
On Oct. 23 advisors representing the bankrupt Residential Capital Corp. will auction off the firm’s massive residential servicing portfolio and what’s left of its origination arm.
September 20 -
Freddie Mac reported 30-year fixed mortgage rates moved back to match July's record low of 3.49% in the week ending Sept. 20, down six basis points from the previous week.
September 20 -
Asset-Backed Commercial Paper Investors will adapt purchasing mandates to accommodate 'F2' rated paper as European ABCP conduits lose their 'F1sf' rating, said Fitch Ratings in a report today.
September 20 -
A group of Republican state attorneys general has declined to sign cooperation agreements with the Consumer Financial Protection Bureau.
September 20 -
Standard & Poor's noted that the effect of Santander's acquisition of DriveTime's ABS portfolio is unclear at this point because both companies are active auto issuers.
September 20 -
A federal judge agreed to halt pending litigation to resolve whether the statute of limitations can be extended to allow for a government conservator’s claims.
September 20 -
A FHFA inspector general report noted that Fannie Mae, as a way to handle troubled loans, has been financing a portion of MSR deals by third-party servicers.
September 19
