In their recent Consumer ABS Weekly, Citigroup Global Market analysts said that the eight to 10 basis point concession for two– to three-year equipment lease ABS is attractive versus auto ABS. They also expect more spread differential compression between these sectors.
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The acquiring firm also appoints Andrew Platt to its executive team as head of business development.
August 22 -
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
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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 -
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