Prices of homes sold by owner/occupants are rising for the first time in years and there has been modest price appreciation in January and February, according to a new CoreLogic report.
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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
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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 -
Bank of America is in the market with a $2 billion package of mortgage servicing rights tied to loans that reside in private-label securitizations, according to bidders and investors briefed on the package.
May 23 -
Sallie Mae will issue at least $6 billion or go up to $10 billion of SLABS this year. However, Kenneth Fischbach, director of capital markets at the firm, is envisioning around $8 billion of SLABS issuance from Sallie in 2012. These remarks were made at the American Securitization Forum annual meeting held this week in Washington D.C.
May 23