Talks to sell Citigroup's high-risk-borrower lender, OneMain, have been put on hold given the depressed macroeconomic environment, according to several media reports.
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Knight Capital hired several former MF Global mortgage credit sales and trading experts including Michael Corsi as managing director in mortgage sales and Rus Margolin as managing director in non-agency trading.
February 21 -
The Federal Housing Finance Agency (FHFA) is determined to continue its mission of shrinking the balance sheets of Fannie Mae and Freddie Mac and plans only to add product when the two need to buy delinquent mortgages out of delinquent MBS pools.
February 21 -
Data provider CoreLogic today released a new default servicing platform to help streamline how mortgage servicers manage loans in all of the default lifecycle stages.
February 21 -
John Deere Capital Corp. is in the market with a transaction worth $998.76 million. The underwriters are JPMorgan Securities and Deutsche Bank Securities. It is from the firm's John Deere Owner Trust 2012.
February 21 -
Given the ugly employment picture in the U.S., now isn't exactly the best time for a company to be crowing about how cheap its labor costs are thanks to overseas outsourcing.
February 21
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The PrinceRidge Group has made two hires within the firm's expanding MBS division.
February 21 -
Christopher Horn has joined Baker & McKenzie as a partner in New York, enhancing the firm's securitization and structured finance practice.
February 21 -
Barlcays Capital analysts examined the relative value of rental fleet ABS in a report released last Friday.
February 21 -
The Obama administration has opened the door for nearly 1 million existing Federal Housing Administration (FHA) borrowers to refinance by encouraging lenders to originate more 'streamline' refinancings. But will it happen?
February 21 -
The recent $26 billion mortgage settlement announced by the government has received coverage throughout the news media. Twenty six billion dollars is an eye-popping number. But it is important that discerning readers look beyond the number and the headlines to determine what is really going on here and separate fact from rhetoric and political posturing.
February 21 -
Some factors started to challenge the strength of MBS' QE3 over the week including better-than-expected economic data and some items in the January Federal Open Market Committee (FOMC) meeting minutes.
February 17 -
