The first bulk sale of 2,500 Fannie Mae REO properties will sell at a discount to single assets, but has the potential to drive prices up after the first $10 billion to $20 billion in foreclosed homes are sold to institutional investors and converted to rentals, according to the Amherst Securities Group (ASG).
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CLO volume this year has been a bright spot for leveraged loans, with nearly $18 billion in funds launching so far, according to Royal Bank of Scotland analysts.
June 29 -
It’s fascinating to look under the hood of a particular deal and see all the moving parts that make it possible.
June 29 -
BMW Financial Services is readying a new securitization of auto loan receivables, according to a new shelf registration the company filed with the Securities and Exchange Commission (SEC) today. For the full filing, please click this link.
June 28 -
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.
June 28 -
Freddie Mac reported 30-year mortgage rates held unchanged at a record low 3.66% for the week ending June 29.
June 28
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Many lenders and investors are shying away from participating in a special pilot program to refinance Rural Housing Service loans due to risky underwriting features and low profit margins.
June 28 -
As the Securities and Exchange Commission (SEC) considers imposing further regulations on money market funds, those close to the $2.6 trillion industry say the revisions are unnecessary, could threaten the very existence of the 40-year-old business and would limit access to a vital source of funding for state and local governments.
June 28 -
The Federal Home Loan banks (FHLBanks) increasingly turned to offering short-term, unsecured credit to financial institutions exposed to the turmoil in Europe as the 12-member cooperative's own core business dwindled, a government watchdog said Thursday.
June 28 -
Servicers supervised by the Office of the Comptroller of the Currency completed fewer loan modifications in the first quarter as the number of delinquent borrowers who need assistance appears to be shrinking.
June 27 -
The nation’s balance of delinquent loans shrank by another 37% in the three-month period ending in May while the market still is catching up with the consequences of bad underwriting during 2005-2007.
June 27 -
Highland Capital Management will stay on as the manager of a $950 million collateralized loan obligation after all.
June 27 -
Data provider CoreLogic announced today that it has incorporated anomynized servicer stop advance data into its private-label RMBS dataset.
June 27