GreatAmerica Leasing Corp. is in the market with a transaction called GreatAmerica Leasing Receivables Funding, L.L.C. Series 2012-1 (GALC 2012-1).
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Mortgage originations will fall to their lowest level in five years in 2012, according to the latest forecast by the Mortgage Bankers Association (MBA).
May 8 -
Moody's Investors Service has updated its structured finance CDO methodology. These deals' ratings consider the credit assessments of non-Moody's rated assets that are inferred from the ratings given by other rating agencies.
May 8 -
Freddie Mac released the results of its 1Q12 refinance analysis. The study showed that homeowners who refinance are still strengthening their fiscal position.
May 8 -
An executive at Redwood Trust — the only active Jumbo MBS issuer out there — said the firm has been able to expand its business despite challenges, including the government’s continued domination of the market.
May 8 -
Mayer Brown has hired David Stewart as a partner in its real estate practice. The new hire was formerly a partner with Latham & Watkins in New York.
May 8
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The Mortgage Bankers Association is calling for a merger of Fannie Mae and Freddie Mac’s mortgage bonds both as a “first step” in transitioning into a single security. The change would save taxpayers billions and ensure a liquid and stable housing finance system, the group believes.
May 8 -
GE Capital is marketing a $750 million dealer floorplan master note trust securtization that will be rated by both Moody's Investors Service and Fitch Ratings.
May 8 -
After the Maiden Lane III MAX CDO sale, last week roughly $1.5 billion face value of super-senior CDO bonds or the entire remaining balance of WAVE 2007-1 and 2007-2 A1s were put out for bid, according to JPMorgan Securities analysts reported.
May 8 -
In 2004, I had the unique distinction of being perhaps the only person in history to have the U.S. Senate place a bounty on his head. I didn't rob a train. My crime was leading a federal investigation into misconduct at Fannie Mae.
May 8 -
Santander Consumer USA is in the market with Santander Drive Auto Receivables Trust (SDART) 2012-3.
May 7 -
PrinceRidge has hired five new directors to its RMBS unit. With these additional hires, the firm's RMBS group has grown to more than 24 people.
May 7 -
Fitch Ratings has appointed John Miles as head of Fitch Australia effective immediately. Based in Sydney, he will be responsible for managing the rating agency's day-to-day business operations in Australia and New Zealand.
May 7