Lehman Brothers Holdings has completed the sale of its Aurora Bank unit, which concludes "a process that successfully avoided a potentially costly government resolution process of Lehman's two banks and that will ultimately yield significant recovery value for the Lehman creditors," a release from the bank said.
-
The Rhode Island Student Loan Authority series 2012-1, worth $111 million, will be rated by both S&P and Fitch..
August 20 -
The credit card ABS market's recovery continues at a quick pace with new-issue volume increasing as spreads in the sector tighten, Wells Fargo said.
August 20 -
The Dodd-Frank Mortgage Reform Managed Compliance Modules offer compliance assessment to help financial institutions follow the regulation's key sections
August 20 -
The Department of Housing and Urban Development and DebtX have set Sept. 12 for investors to submit sealed bids on $1.7 billion of nonperforming residential loans.
August 20 -
The new repo line allows the REIT to sell to, and later repurchase from, BofA newly originated residential mortgage loans that it bought from correspondent lenders and held for sale and/or securitization.
August 20
-
Year-to-date 2012 volume in the sector has hit $922 million versus the record $21.4 billion issued in 2011 year-to-date, Dealogic reported.
August 20 -
The New York Fed will be offering non-agency RMBS contained in Maiden Lane III through sales scheduled for tomorrow.
August 20 - Europe
The lack of new-issue supply should support and keep the near-term positive spread trends in securitized collateral, Citi said.
August 20 -
The probability of a third round of quantitative easing might have declined but it is still above its lows of the spring when odds dropped to between 20% and 30%.
August 17 -
San Bernardino County moved a step forward Thursday with its plans to restructure underwater mortgages through the use of eminent domain.
August 17 -
In a letter spelling out the potential harms to the market, the American Securitization Forum said that these deals should not be classified as commodity pool operators.
August 17 -
The Treasury Department’s decision to change the terms of Fannie Mae and Freddie Mac’s bailout agreements will ensure their financial stability and that of the entire mortgage market, the Federal Housing Finance Agency said.
August 17