Securitization market executives may want to reconsider their summer vacation plans. Not only are significant rules stemming from the Dodd-Frank Wall Street Reform and Consumer Protection Act likely to be issued soon, but an earlier proposal amending Regulation AB, which had been put on the backburner, may be finalized over the next few months.
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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
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The company said it will use the proceeds to “fund the continued growth of its correspondent lending business and to acquire additional mortgage loans or other investments."
August 21 -
LPS will now offer RentRange reports to clients looking for accurate rent projections for real-estate-owned properties.
August 21 -
Would-be GSEs reformers should remember that the GSEs influence commercial and multifamily mortgage-related securities markets as well as single-family ones
August 21 -
Ellington Financial will use the proceeds to acquire assets such as agency MBS and non-agency RMBS.
August 21 -
A UBS fixed-income cohead is planning to leave the firm next month, a representative confirmed.
August 21 -
The Mortgage Industry Advisory Corp. is selling almost $8 billion worth of Ginnie Mae servicing rights for an undisclosed client.
August 21 -
The recently revised HARP has narrowed the differences between Fannie and Freddie’s refinancing programs and their prepayment speeds
August 21