Standard & Poor’s believes that the current positive trends in the U.S. auto sector will continue into 2H12. They expect ABS issuance in auto-related collateral to exceed their $80 billion forecast this year.
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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 -
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The automobile finance firm has acquired subprime auto loan lender Resurgent Auto Finance and has secured fresh capital for growth.
August 15 -
Small servicers would essentially be subject to many of the same requirements that came out of the $25 billion mortgage settlement.
August 15
- Europe
The German bank placed a synthetic securitization backed by mezzanine risks worth €120 million.
August 15 -
Stabilizing fundamentals and favorable performance so far this year has reduced Fitch’s concerns over potential losses for life company mortgage investments.
August 15 -
A CMBS bond from the top of the cashflow waterfall in a JPMorgan conduit deal was hit with an interest shortfall this month.
August 15 -
Six federal financial regulatory agencies are looking over a proposed rule to establish new appraisal requirements for "higher-risk mortgage loans."
August 15 -
The proposals are a potential credit negative for RMBS if they cover securitized loans, according to a Standard & Poor's note released this morning.
August 15 -
The debate inside the Republican Party over the future of Fannie Mae and Freddie Mac has taken a right turn with Mitt Romney's selection of Rep. Paul Ryan as his running mate.
August 15 -
The Mortgage Bankers Association reported its Refinance Index declined 5.1% to 5077.3 in the week ending Aug. 10.
August 15