Although ratings agencies have imposed tougher standards for the top-rated tranches of commercial mortgage-backed securities, it hasn't led to greater issuance of subordinated tranches.
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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
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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 -
Fitch subjected its ratings on prime auto loan ABS to two stress scenarios, which are moderate and severe.
August 22 -
Royal Bank of Scotland analysts think that the current price levels may limit the chances of a sustained rally through yearend, even if market conditions stay comparatively stable.
August 22 -
The Mortgage Bankers Association reported the Refinance Index fell 9.2% or 467 points to 4610, the lowest the index has been since the week of the July 4 holiday.
August 22 - Europe
Moody's seeks market feedback on its new approach to assessing impact of country credit deterioration on structured finance deals.
August 21 -
The new guidelines streamline documentation requirements, waive deficiencies for borrowers who have completed a short sale and set standard payments for subordinate lien holders.
August 21