In the preliminary ASR Scorecards database public lead manager rankings for full-year 2011, JPMorgan Securities maintained its No. 1 rank from last year to capture the top spot again this year with a 16% market share and $12.03 billion sold. For the full year 2010, the bank held the top slot with a 15.6% market share $8.36 billion sold.
-
American Credit Acceptance is planning to sell a subprime auto ABS called American Credit Acceptance Receivables Trust Series 2012-1. The 144A securitization rated by Standard & Poor's is worth $150 million.
February 14 -
FICO scores cover a much wider demographic than proprietary models used by ABS issuers to predict collateral performance, according to FICO Senior Director Adem Yilmaz.
February 14 -
The leveraged loan market is hoping to dodge yet another bullet from the Dodd-Frank Act.
February 14 -
The Obama administration is urging Congress to extend a tax provision allowing troubled homeowners that complete a short sale — or benefit from a principal reduction — to avoid paying taxes on the discharged amount of their loan balance.
February 14 -
The growth in demand for multifamily properties will increase future agency CMBS supply, according to an FTN Financial research report released Tuesday.
February 14
-
With its lawsuits hanging by a thread, National Credit Union Administration (NCUA) urged separate federal courts here and in Kansas Friday to allow it to advance its claims and make its case against Wall Street banks who sold faulty MBS that caused the failure of five corporate credit unions.
February 14 -
Litigation consulting firm Analysis Group has hired four new affiliates to the firm, including fixed-income expert John Richard.
February 14 -
Just how hungry is Ocwen Financial Corp. for servicing rights? In a new filing with the Securities and Exchange Commission (SEC) the nonbank servicer discloses that it is currently reviewing $300 billion of MSRs for purchase.
February 14 -
The bulk of Italian RMBS could withstand a further sharp deterioration in the economy, Fitch Ratings said in a release today.
February 14 -
The Securities Industry and Financial Markets Association (SIFMA) submitted comments to Federal regulators yesterday regarding the proposed Volcker rule provisions on ABS and insurance-linked securities (ILS). The Volcker Rule was added by Section 619 of the Dodd-Frank Act.
February 14 -
The Federal Reserve Board has decided to delay a decision on Capital One Financial Corp.'s $9 billion deal for ING Direct USA, a spokeswoman for the central bank said Monday.
February 14 -
The Obama administration on Monday more than doubled to $61 billion a proposed fee it wants the largest U.S. banks to pay for their role in the financial crisis.
February 14