DBRS released a report today regarding the Attorneys General settlement with servicers. The rating agency said it will continue to monitor the servicing industry regarding the final settlement terms and the effect the settlement will have on the secondary market.
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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
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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