After the Federal Reserve Bank of New York made its initial offering in late April of its Maiden Lane III (ML III) holdings, it sold about 58% ($28 billion) of the portfolio, Barclays Capital analysts said in their most recent Securitized Products Weekly.
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A downpayment requirement in the ‘Qualified Residential Mortgage’ rule will create a barrier to homeownership for low- and moderate-income families, six consumer groups said.
September 5 -
The Stamford, Conn.-based firm is marketing a cash-flow deal with a target par amount of $250 million.
September 5 -
Federal regulators are seeking public comment on their new Basel III capital proposals and there are hints they may be changing their stance on private mortgage insurance when it comes to calculating risk weightings for residential mortgages.
September 5 -
Equipment leasing company LEAF Commercial Capital plans to issue three triple-A rated tranches insured by Assured Guaranty Corp.
September 5 -
Analysts at DBRS, in a report published today, said that the renewed interest in reforming the bankruptcy law to make writing off student loan debt a possibility won't necessarily create the "moral hazard" some lenders fear.
September 5
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Ally Bank has filed with the Securities and Exchange Commission (SEC) a preliminary prospectus to issue under Ally Auto Receivables Trust 2012-SN1 a $759.4 million ABS.
September 5 -
Mortgage application declined 2.5% for the week ending Aug. 31 despite easing in mortgage rate levels.
September 5 -
The continued price growth in most markets should lead to increased recovery values for non-agency MBS investors, Bank of America Merrill Lynch analysts said.
September 4 -
California Reinvestment Coalition complained that the top five mortgage servicers are stressing short sales under the national mortgage settlement instead of keeping borrowers in their homes.
September 4 -
This is the first dip in the rate since February, according to CMBS data provider Trepp.
September 4 -
Walter Investment Management Corp. has agreed to buy Reverse Mortgage Solutions in a deal worth $120 million.
September 4 -
The FHFA study on single-family g-fees shows the fees paid by the five largest lenders averaged 26 basis points by yearend 2011.
September 4