Servicers will likely avoid extending modifications as part of the $26 billion AG settlement since they will not be indemnified against investor lawsuits, according to a JPMorgan Securities report.
-
Only a single borrower is currently delinquent among the roughly 1,800 newly originated prime loans securitized in the handful of Redwood Trust private-label RMBS seen since the start of 2010, according to a Fitch report Monday.
April 2 -
The Treasury Department is fighting back against critics of principal reduction who claim second lien holders will unfairly benefit from a reduction in the loan balances of underwater Fannie Mae/ Freddie Mac loans.
April 2 -
Residential servicers completed 20% fewer proprietary loan modifications in February than the month prior, according to new figures compiled by the Hope Now servicing alliance.
April 2 -
Ally Bank is set to sell a $500 million flooplan deal under its Ally Master Owner Trust. The transaction is backed by new and used car inventory and light and medium duty truck and van inventory.
April 2 -
Moody's Investors Service today examined the proposed legislation that changes the bankruptcy law to make some types of student loans dischargeable in bankruptcy.
April 2
-
Global structured finance issuance's modest pace in 1Q12 is credit positive for new-issuance in these products that include ABS, RMBS, CMBS and CLOs, according to an emailed note from Standard & Poor's this morning.
April 2 -
Investec has priced the second nonconforming U.K. residential securitization offering for this year.
April 2 -
A new $750 million securitization of credit card receivables from the Penarth receivables trust was announced this week.
April 2 -
Barclays said today it named John Langley and Joe McGrath co-heads of the global finance and risk solutions business within the firm’s investment banking division.
April 2 -
Ally Commercial Finance added a new director that will focus on working with financial sponsors and handle leveraged loans, the firm said.
April 2 -
Markit has acquired Data Explorers, a provider of global securities lending data, from mid-market private equity firm Bowmark Capital.
April 2 -
Utility tariff securitizations - which allow former monopolies to recover upfront their investments in equipment, deferred power procurement or the cost of storm damage - have not always been controversial.
April 1