Non-agency MBS investors should look for bonds with smaller loan sizes in a structure that is levered to severity, said Amherst Securities Group analysts in a report today.
-
Freddie Mac has released a statement that Bank of America will be repurchasing $330 million loans out of its Freddie pools because of reps and warrants contractual issues.
May 24 -
JPMorgan has established price guidance on a $513.35 million CLO it is marketing for Carlyle Investment Management, according to Reuters.
May 23 -
Markit will add U.S. CMBS to its evaluated bond pricing service. Prices in the sector will be supplied by CMBS analytics provider Trepp.
May 23 -
Commercial lender CIT Group said today it named Neil Wessan a managing director and head of its capital markets group, effective immediately.
May 23 -
Private student lenders are increasingly offering fixed-rate products to borrowers attracted to the stability of the loan.
May 23
-
The idea of a student loan debt bubble looks exaggerated especially when compared to residential mortgages, securitization market experts said.
May 23 -
Press reports continue to mount over the possible exit of Greece from the eurozone, which can cause Greek RMBS defaults.
May 23 -
The Securities and Exchange Commission's (SEC) response to Royal Bank of Canada's (RBC) request to conduct registered public offerings of covered bonds is likely to fuel growing U.S. dollar demand, according to Fitch Ratings. For ASR's coverage on the topic, please click here.
May 23 -
A federal judge this week dismissed portions of the Securities and Exchange Commission's (SEC) case against two former executives of IndyMac Bank, the now defunct Alt-A giant that was initially started by Countrywide Financial Corp.
May 23 -
Citigroup, a somewhat frequent seller of nonperforming loans, is in the market with a $99 million package of troubled residential mortgages, according to investors that have looked at the package.
May 23 -
The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets $3.5 million for posting inaccurate mortgage performance data, supervisory failures and other violations connected to subprime RMBS.
May 23 -
Moody's Investors Service became the second rating agency to restore Ford Motor Co.’s investment grade rating, a move that allows it to release the assets it uses as collateral for its outstanding loans – including its trademark blue oval symbol.
May 23