The American Securitization Forum (ASF) wrote a letter to the San Bernardino County Board of Supervisors that stated that the proposed plan to use eminent domain to seize residential mortgages would be “poor public policy and unconstitutional.”
- Europe
Sapient Global Markets launched a set of services designed to help investors meet requirements under the European Central Bank's ABS loan-level initiative.
September 4 -
Paris-based independent cooperative finance firm Groupe GIAC arranged the €80 million cash transaction. GIAC provides long-term financing to French companies.
September 2 -
The search for yield is providing some much-needed liquidity for a small corner of a market that has yet to recover from the financial crisis: auction rate securities.
September 1 -
There is no rest for weary U.S. ABCP market participants who have been 'up against it' almost non-stop for the past five years.
September 1 -
Activity in the primary securitization market was muted in August, with little new issuance in auto loans.
September 1
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The continued difficulty of acquiring repossessed, single-family homes to rent on a significant scale makes it unlikely that these assets will be securitized this year.
September 1 -
Whatever the program's intentions, it is wrong to believe that the GSEs would not be financially damaged by the proposed program.
September 1 -
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Paris-based independent cooperative finance firm Groupe GIAC arranged the €80 million cash transaction. GIAC provides long-term financing to French companies.
September 1 -
This month ASR tackles a wide range of topics, from thorny issues such as regulations and eminent domain to the delayed onset of securitization of REO-to-rent homes.
September 1 -
MBS prepayment numbers for August are expected to jump, in part because of an increased number of days on which mortgage holders can finalize a refinancing. The market is projected to see the opposite effect in September, which will have fewer such days.
September 1 -
Euro market participants are wary of regulations they say might stop funding of the real economy
September 1