Daiwa Capital Markets America has hired Michael Marsallo and Mark Schultz to lead its MBS passthrough desk.
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Fitch Ratings said that uncertainty surrounding the Dodd-Frank Act, particularly in terms of the qualified residential mortgage (QRM) definition, has led many traditional RMBS issuers to postpone their issuance plans.
June 26 - Europe
The European Central Bank announced a relaxation of its criteria for repo eligibility on Friday.
June 26 -
After a long winter of price declines, Standard & Poor's (S&P) finally reported that its 20-city house price index (HPI) turned up in April.
June 26 -
Royal Bank of Scotland (RBS) analysts said in their weekly report that the European Central Bank’s (ECB) decision last Friday to relax its repo criteria will revive CMBS issuance from lower-rated countries — namely Portugal and Ireland.
June 26 -
JPMorgan analysts said that the majority of consumer ABS asset classes have continuously exhibited solid collateral performance after the crisis, including timeshare ABS.
June 26
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Flagship Credit Acceptance is planning to sell a 144A auto ABS called Flagship Credit Auto Trust 2012-1.
June 26 -
Freddie Mac reported a rebound in lending activity in May after a significant drop in April.The secondary market agency reported Tuesday that it purchased $30.7 billion in residential mortgages from lenders in May, up 19% from April.
June 26 -
A loan officer for a Florida mortgage company was sentenced to more than four years in prison for pleading guilty to committing wire fraud in a $9.2 million mortgage fraud scam.
June 26 -
Credit Suisse and Mitsubishi UFJ Securities are raising a $413.4 million collateralized loan obligation for Prudential Investment Management, according to a person with knowledge of the transaction.
June 25 -
At last week’s American Securitization Forum Sunset Seminar, panelists discussed how the proposed Franken amendment creates unintended consequences in applying credit ratings.
June 25 -
Wells Fargo & Co. said it reached an agreement to acquire WestLB’s subscription finance portfolio worth approximately $6 billion in commitments.
June 25 -
So far there are two deals in the market this week, one each from the student and auto loan sectors.
June 25