Assured Guaranty is saying Moody’s Investors Service should upgrade its bond insurance subsidiaries rather than continue to consider downgrading them.
-
Treasury Department officials are working with the Federal Housing Finance Agency (FHFA) on ways to structure Fannie Mae and Freddie Mac MBS, allowing private investors to share in some of the credit risk on government-guaranteed securities.
June 4 -
Capacity constraints in the mortgage banking industry have been holding down prepayment speeds despite the pickup in HARP refinancings in the first quarter, according to analysts at Bank of America Merrill Lynch.
June 4 -
Standard & Poor's today issued two Request for Comment (RFC) articles on its proposed changes to its CMBS criteria.
June 4 -
-
It was a record breaking week in terms of the 10-year note yield, lower coupon MBS prices and mortgage rates.
June 3
-
Standard Chartered has hired Carsten Stoehr as global head of capital markets. The new hire is based in Hong Kong, Carsten will report to Lenny Feder, who is group head of financial markets, wholesale banking, the bank stated.
June 3 -
The Office of the Comptroller of the Currency (OCC) "underestimated" the risk of poor foreclosure practices at national banks and did not devote enough examination resources to identify those problems, according to the agency's chief watchdog.
June 3 - Europe
Bankers are holding out hope for a last minute 'fix' to new capital requirements that will make it much less attractive for European insurers to hold ABS. Insurance companies have become important buyers of European ABS since the financial crisis.
June 1 -
Manager Activity: Autos Book Runner Amount (US$ Mil) Rank Mkt.
June 1 -
2012 2011 2010 ABS (Public + 144A) 85,145.9 52,971.4 57,196.6 ABS (Public + 144A excluding CDOs) 79,055.7 50,675.6 56,130.4 ABS (Public Only) 51,373.8 31,134.2 24,089.1 ABS (144A Only) 33,772.1 21,837.2 33,107.5 Non-Agency MBS 20,950.8 26,488.8 7,934.8 Agency MBS 126,798.4 197,911.6 205,764.4 CMBS 12,110.2 14,177.4 8,384.0
June 1 -
MORTGAGE DATA 30-yr. Fixed 15-yr. Fixed 5-yr Treasury 1-yr Treasury- MBA Refi Home Purchase Rate Mortgage Rate Mortgage Indexed ARMs Indexed ARMs Index Index Week ending 06/28/12 3.66%
June 1 -
Although mortgage underwriting standards were much too loose during the “go-go” years of 2004 to 2007, the pendulum on credit standards has swung too far the other way, according to a new report from Amherst Securities Group.
June 1