The European Covered Bond Council (ECBC) stated that it welcomed yesterday’s announcement by an investment banking group that these institutions are committed to helping ensure the successful launch of the ECBC Covered Bond Label.
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Mark Foster will focus on legal issues surrounding real estate offerings.
August 13 -
The trust is backed by retail installment sale contracts of new and used Honda and Acura automobiles and light-duty trucks as well as new and used Honda motorcycles.
August 13 -
The insurer's net income improved to $376.5 million in 2Q12 from a net loss of $43.1 million in 2Q11.
August 13 -
The agency alleged that the banks misrepresented the quality of the loans underlying RMBS that Colonial purchased.
August 13 -
AG Mortgage Investment Trust plans to hold a public offering of 5,000,000 shares of its common stock to purchase more residential mortgage-backeds.
August 10
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There was very limited economic news or other key events affecting MBS activity this week and July prepayments became a major influence on trading.
August 10 -
Credit card ABS quality improved moderately in 2Q12 despite the sluggish U.S. economy and the 8.2% unemployment rate, Standard & Poor's said in a report released yesterday.
August 10 -
Stern Agee predicted that if rates stay low MSR values will be “written down again” in the fall.
August 10 -
Though FHA's current book of business will perform much better than loans written before 2009, it may have recapitalized too quickly through higher premiums.
August 10 -
The deal's collateral was close to five years seasoned and included new origination 10-year product that usually forms part of Fannie's offerings.
August 10 -
The Consumer Financial Protection Agency (CFPB) Friday issued two proposed rules designed to make mortgage servicing more consumer friendly, giving borrowers advanced notice of interest rate adjustments and how to avoid costly forced-placed insurance.
August 10 -
Most of the trigger breaches arose in deals exposed to banks downgraded below ‘P-1.’
August 9