Another big year for multifamily construction could push housing starts up 13% in 2012 after posting a 4% increase last year, according to a new forecast from Wells Fargo Securities.
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Nationstar Mortgage, the nation's 11th largest servicer, is in talks to buy all or parts of Aurora Loan Services (ALS), according to industry advisors close to the situation.
February 15 -
Fitch Ratings today released a presale on the $282 million Global Tower Partners (GTP) series 2012-1 and 2012-2.
February 15 -
Results of a recently-closed tender offer for structured bonds by Spain’s Catalunya Banc indicate that investors’ attachment to this paper is stronger than anticipated, at least at the prices offered by the issuer, according to a note by Barclays Capital analyst Dipesh Mehta.
February 15
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Liz Frederick has been named the new managing director of Kane USA, a global provider of specialist insurance management services.
February 15 -
Analytics provider CoreLogic announced a new data-enhanced, appraiser-certified evaluation tool.
February 15
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While the redenomination specter haunts the more financially fragile members of the eurozone, Kazakhstan has actually gone through the exercise, sparking deep losses in a local RMBS, according to a note by Moody’s Investors Service.
February 15 -
Refinancing activity increased just slightly in the week ending Feb. 10 as mortgage rates ticked up.
February 15 -
The apartment sector is projected to lead the housing market on the road to recovery, but growth in the multifamily sector will be highly uneven, industry experts said last week in Orlando.
February 15 -
Capital One Financial Corp. on Tuesday cleared the final regulatory approval needed to buy ING Direct USA for $9 billion after nine months of talks.
February 15 -
Federal officials and state attorneys general released new documents Tuesday about the $25 billion multi-state servicing settlement, but still have yet to release a final settlement term sheet.
February 15 -
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