JPMorgan might have priced its $1.3 billion, new-issue conduit CMBS called JPMCC 2012-CBX tighter than initial price talk. However, this deal will not be enough to boost issuance up to volume levels predicted at the start of 2012, FTN Financial analysts said in a report this week.
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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 -
The Treasury Department on Friday said it is restructuring the terms of its investment in Fannie Mae and Freddie Mac, which could render them more dependent than ever on the government.
August 17 -
The recent weaknesses in the U.S. and struggles in the eurozone's sovereign debt loans have continued to keep prices lower for structured products, SecondMarket said.
August 17 -
BShould the FHFA raise fees high enough, it could eventually resurrect a private securitization market and shrink Fannie and Freddie.
August 16
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The public report will be based on a tally of the relief provided so far on a state-by-state basis, monitor Joseph Smith said
August 16 -
The RUB13.2bln RMBS deal is the sixth for Russia's Agency for Housing Mortgage Lending.
August 16 -
New issue volume for credit card ABS has already surpassed 2011 volumes despite the contraction of receivables balances for existing credit card trusts.
August 16 -
Freddie Mac reported 30-year fixed mortgage rates averaged 3.62% for the week ending August 16, up three basis points from last week.
August 16 -
Lehman Brothers Holdings has removed WCAS Fraser Sullivan as the manager of a portfolio of commercial loans.
August 16 -
Jill Showell, who was formerly from PMI Group, becomes the mortgage servicer's senior vice president for government and community relations.
August 16 -
