Dutch mortgage originator Obvion yesterday announced the first Dutch RMBS of the year, Storm 2012-I.
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General Electric Capital Corp. (GE) is going to issue under its GE Equipment Transportation LLC, Series 2012-1. The deal will be sized at $716.5 million, according to a Securities and Exchange Commission (SEC) filing on the offering.
March 7 -
Walter Investment Management Corp. (WIM) lost $4 million in the fourth quarter and $69 million for the year because of costs tied to its purchase of Green Tree Servicing, St. Paul, Minn.
March 7 -
The 9.37% CMBS delinquency rate in February was lower both sequentially and compared to year-ago monthly figures by Trepp's measure.
March 7 -
Investment bank North Sea Partners has hired Steve Paras as managing director and head of European capital markets.
March 7 -
Standard & Poor's has appointed Michelle Weston as regional practice leader for structured finance ratings in EMEA.
March 7
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In a regulatory filing today, Ally Bank has upsized its previously $1 billion auto ABS to $1.7 billion. The deal is rated by Fitch Ratings and Moody's Investors Service.
March 7 -
Proposed changes to the Capital Requirements Directive (CRD IV) – which is the European Union's mechanism for implementing Basel III into law – could cause banks' capital requirements to be diluted.
March 7 -
Judicial Watch has sued the Federal Housing Finance Agency (FHFA), claiming that the agency wrongfully denied a request for documents related to a lawsuit over alleged misrepresentations of MBS.
March 7 -
Kleinberg, Kaplan, Wolff & Cohen, P.C. has hired Howard Mulligan as of counsel in the corporate department.
March 7 -
After peaking at 4538 for 2012, refinancing activity has declined for three straight weeks as mortgage rates remained above record lows.
March 7 -
Conventional 30-year prepayments increased around 12% versus an expected 6%-7%.
March 7 -
Nationstar Mortgage and an affiliate company Newcastle Investment Corp. have agreed to acquire roughly $63 billion in mortgage servicing rights from Aurora Bank, a subsidiary of the bankrupt Lehman Brothers.
March 7