At least two more commercial note/REO auctions are scheduled for the beginning of April, according to Barclays Capital CMBS Weekly Strategy Report published today.
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Freddie Mac reported new lows in 30- and 15-year fixed mortgage rates in the week ending May 17.
May 17 -
PPL Corp. has hired Mark Wilten as treasurer and vice president in finance. Wilten is currently treasurer for Nissan North America and Nissan Motor Acceptance Corp. in Franklin, Tenn.
May 17 -
The Federal Reserve Bank of New York has postponed the sale scheduled for today from its Maiden Lane III portfolio.
May 17 -
Spanish securitizations may have proven more resilient than originally expected during the Eurozone crisis.
May 17 -
GE Capital has filed an S-3 with the Securities and Exchange Commission (SEC) dated May 16 to issue under its GE Capital Credit Card Master Note Trust.
May 17
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In a emailed note released early this morning, Standard & Poor's analysts said that they expect auto-related ABS issuance to continue to track vehicle sales for the remainder of 2012.
May 17 -
To resolve billions in failed-bank loans that had no buyers at the point of closure, the Federal Deposit Insurance Corp. (FDIC) has formed 32 complex vehicles to carry some of the agency's load from the crisis. But not everyone is a fan of the deals.
May 17 -
Deliquencies for bankcards were lower or stable in April for six major issuers, although charge-offs were higher for four lenders, Standard & Poor's analysts reported in their midday commentary.
May 16 -
Mortgage delinquencies continued on their downward path in the first quarter with 7.4% of all loans considered past due, the lowest reading since the third quarter of 2008, according to new figures compiled by the Mortgage Bankers Association.
May 16 -
Morgan Stanley isn’t the only bank marketing a CLO this week; its competitors are shopping at least four other deals.
May 16 -
Two New York Senate Committee chairmen have raised the possibility of investigating bond insurer MBIA’s behavior in applying for a transformation of the company in 2008 and 2009.
May 16 -
When Residential Capital Corp. filed for bankruptcy protection earlier this week it left behind a trail of unsecured creditors with claims totaling well over $1 billion, according to court documents.
May 16