In a press conference held last week, Credit Suisse analysts said that the rampant use of principal forgiveness is a dangerous path because it promotes moral hazard.
-
President Barack Obama today announced the changes to the Federal Housing Administration (FHA) streamlined refinancings.
March 6 -
The Carlyle Group is planning a $494.2 million CLO. The deal, dubbed Carlyle Global Market Strategies CLO 2012-1, would be the private equity firm’s thirty-third, and its first new issue for 2012. It is an arbitrage cash flow CLO with a four-year reinvestment period, scheduled to end in April 2016, according to a presale report by Fitch Ratings.
March 6 -
The CMBS market appears to be looking up performance-wise, but there may be less of it in terms of outstandings, and despite stronger originations, according to a new report from Moody's Investors Service.
March 6 -
Investors will get a shot at picking up U.K. subprime paper via the new securitization of assets that were originated by GMAC Residential Funding Co.
March 6 -
As reported yesterday by ASR in this article, Morgan Stanley and Bank of America are teaming up to issue a CMBS conduit. For the Securities and Exchange Commission filing related to the deal, please click here.
March 6
-
Standard & Poor's analysts are projecting that 2012 Canadian covered bond issuance will reach C$20 billion. However, this number is below 2011's record C$25.7 billion.
March 6 -
SNR Denton boosted its financial institutions regulatory practice by hiring Lisa Ledbetter, former vice president and deputy general counsel for Freddie Mac, as a partner in its Washington DC office.
March 6 -
Volvo Financial Services is marketing a $642 million equipment lease securitization.
March 5 -
The second conduit deal for this year, the $1 billion COMM 2012-LC4 from Deutsche Bank, priced tight to initial guidance amid signs of strong demand.
March 5 -
Dynex Capital announced today that Byron Boston took over as president of the board of directors.
March 5 -
The Treasury Department has agreed to pay $171 million that it withheld from Bank of America, and JPMorgan Chase after the two servicers fixed problems in how they handled government-backed residential loan modifications.
March 5 -
Bank of America issued just $7.9 billion of Ginnie Mae securities in the fourth quarter, a 71% plunge from the same period in 2010, according to new figures compiled by ASR's sister publication, National Mortgage News and the Quarterly Data Report.
March 5