Moody's Investors Service downgraded the ratings on 583 tranches in 328 Spanish ABS, RMBS, and CDO transactions to 'A3' and warned of more downgrades to come.
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The research firm said the negative equity bucketn improved in 2Q12 versus 1Q12 by $42 billion to $1.15 trillion.
August 23 -
The portfolio comprises primarily of motor vehicle retail installment sale contracts and/or installment loans secured by new and used automobiles and light-duty trucks.
August 23 -
The Federal Reserve Bank of New York announced today the sale of the rest of the securities in the Maiden Lane III (ML III) portfolio.
August 23 -
Moody's Investors Service has outlined the main type of risk that securitizations backed by cash flows from single-family rental properties would present in a report published today.
August 23 -
Sources say Fannie Mae has toyed with the idea of no repurchases after 24 months while Freddie has discussed a larger window.
August 23
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The central bank is planning to sell $3.4 billion in toxic mortgage debt today that it inherited four years ago when it bailed out AIG.
August 23 -
GoldenTree Asset Management’s latest CLO will allow for up to 40% of its holdings to be invested in bonds, a large portion atypical of CLOs.
August 23 -
For the week ending Aug. 23, Freddie Mac reported that rates were at their highest level since the last half of June when they were at 3.66%.
August 23 - Europe
The region's investor-placed securitization issuance reached €44 billion in the first seven months of 2012. This decreased roughly 10% from the same period in 2011, Standard & Poor's said.
August 22 -
The acquiring firm also appoints Andrew Platt to its executive team as head of business development.
August 22 -
The GSE issued a “request for proposal” or similar document to potential vendors late in the spring and anyone receiving it was asked to sign a nondisclosure agreement about its contents.
August 22 -
The Menendez-Boxer bill that would allow more Americans to refinance their mortgages has stalled in the Senate amid a partisan dispute.
August 22