Venable has hired a capital markets attorney with a background in derivatives transactions and regulations.
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Ford Credit is going to issue a transaction under its Ford Credit Auto Lease Trust 2012-A (FCALT 2012-A).
February 24 -
Ocwen Financial Corp., a major buyer of MSRs the past two years, earned $9.7 million in the fourth quarter, a slight decline from the same period a year earlier.
February 24 -
The acting commissioner of the Federal Housing Administration (FHA) this week blasted news that claim Bank of America Corp. was essentially bailing out the agency's mortgage insurance fund.
February 24 -
Non-agency RMBS outstanding is expected to decrease to less than $1.1 trillion when the Federal Reserve reports fourth quarter 2011 data in March, according to an emailed note from Standard & Poor's this morning.
February 24 -
The Financial Industry Regulatory Authority (FINRA) has recommended disciplinary action be taken against two CLO professionals affiliated with Guggenheim Capital Markets.
February 23
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The Federal Housing Finance Agency (FHFA) wants to see if the multifamily businesses of Fannie Mae and Freddie Mac can be spun off and privatized.
February 23 -
Bank of America Thursday afternoon confirmed that it will no longer sell any new purchase money mortgages to Fannie Mae — though it will remain a Home Affordable Refinance Program (HARP) lender.
February 23 -
Banks unloading real-estate-owned properties face some tough choices, such as whether to auction off homes or sell them to investors, and whether to fix them up first. But whatever they decide, the real challenge is to avoid dragging down property values from their already-depressed 25% to 30% discounts.
February 23 -
Nationstar Mortgage, Lewisville, Texas, is in the hunt for Aurora Loan Services (ALS) and appears to be the leading bidder at this point, according to investment banking advisors close to the situation.
February 23 -
Fixed mortgage rates moved higher in the week ending Feb. 23 in response to the recent sell-off related to favorable economic news and progress on Greece.
February 23 -
The news that Pacific Investment Management Co. (PIMCO) dropped out of the American Securitization Forum (ASF) highlights the growing discontent among securitization buyside members who feel they have no real voice within the organization.
February 23 -
Philips Electronics N.V. is in the market for a $431 million credit tenant lease. The Netherlands-based electronics giant looks to expand its physical presence at a research and development campus, a source said.
February 23