Moody's Investors Service will rate the $259 million of student loan ABS notes to be issued by the State of New Jersey's Higher Education Student Assistance Authority (HESAA).
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In its July legal update, Dechert described the re-launching of China's ABS program as a “milestone” in the development of ABS in the country.
July 25 -
A federal judge on July 22 rejected a motion by two former Washington Mutual Bank (WaMu) units to escape a class action lawsuit.
July 24 -
Amherst Securities Group (ASG) analysts reiterated their stance on HAMP 2.0’s implementation. They gave a warning about the potential abuse among borrowers with rental properties.
July 24 -
The Consumer Financial Protection Bureau (CFPB) is working on a qualified mortgage rule that will allow the mortgage market to meet the needs of borrowers “throughout the credit cycle,” agency chief Richard Cordray said in new testimony Tuesday morning.
July 24 -
The CRE Finance Council Europe (CREFC-Europe) launched the Market Principles for Issuing European CMBS 2.0, a consultative document that outlines principles for new CMBS issuance.
July 24
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It would appear that the HARP 2.0 program is hot.
July 24 -
At least two bidders remain for the $30.8 billion of Freddie Mac mortgage servicing rights once owned by the now defunct Taylor, Bean & Whitaker (TBW), Ocala, Fla., according to investment bankers familiar with the sale process.
July 24 -
Wells Fargo analysts called the consumer ABS market a “safe haven” for fixed-income buyers with spreads in 2012 reflecting this trend.
July 24 -
Different Walnut Place entities that formed part of the Article 77 proceedings to ratify the Countrywide settlement have withdrawn as intervenors, Barclays Capital analysts noted in a report released this afternoon. Analysts cited a letter filed today with The New York State Supreme Court.
July 23 -
Global CMBS issuance is at $26.2 billion year-to-date, according to Dealogic numbers released late last week.
July 23 -
Micro subprime retail auto ABS deals offer investors a large pickup in spread when compared to the broader subprime auto ABS transactions, according to a Barclays Capital securitized products research report.
July 23 -
Franklin Templeton Investments launched a new global bond fund that will focus on global debt, including emerging markets, a firm spokesman confirmed.
July 23