At least two bidders remain for the $30.8 billion of Freddie Mac mortgage servicing rights once owned by the now defunct Taylor, Bean & Whitaker (TBW), Ocala, Fla., according to investment bankers familiar with the sale process.
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General Electric Capital Corp. is planning to issue a securitization under its GE Equipment Midticket LLC, Series 2012-1.
September 13 -
Freddie Mac, after being criticized by the Inspector General’s office of its regulator, has improved its mortgage buyback reviews and could recoup an additional $3.4 billion in damages.
September 13 -
MBS valuations can stay rich and tighten further based on the strong technical backdrop the announcement creates.
September 13 -
Citibank securitization analysts said in a report today that the global slowdown, Europe's debt crisis and the deteriorating U.S. economy have bolstered the ABS market's resolve to remain short and high quality.
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The GSEs will continue to “maintain their own securitization operations and continue to issue their own securities,” the Federal Housing Finance Agency Acting Director Edward DeMarco said.
September 13
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The outstanding dollar amount of subprime mortgage debt fell 10% in the second quarter to $374.8 billion as these nonconventional loans continue to “disappear” from servicing portfolios
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Wells Fargo and Royal Bank of Scotland are planning to sell a CMBS called Wells Fargo Commercial Mortgage Trust 2012-LC5, according to an SEC filing yesterday.
September 13 - Europe
Mayer Brown's teleconference today highlighted several regulatory developments, that could come into effect "at any time"; which issuers must keep in mind when doing cross border deals that are sold into the U.S.
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Freddie Mac reported 30-year fixed mortgage rates were unchanged at 3.55%, while 15-year rates slipped just one basis point to 2.85%.
September 13 -
S&P analysts expect the sector's volume will most likely meet their $10 billion full-year forecast, eclipsing 2011's $9.7 billion issuance volume.
September 13 -
Servicers that work on delinquent Federal Housing Administration-backed mortgages are becoming more proficient at short sales, FHA said in a recent 3Q12 report to Congress.
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