The California Attorney General has returned to the 'robo-signing' talks after a four-month absence to possibly take part in a multi-state settlement with the nation's largest residential servicers, according to combined press reports early Monday morning.
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Swiss Re has done a $200 million 144A multi-peril natural catastrophe risk deal via Combine Re. This offering is the first catastrophe bond to combine the risks of two reinsured parties.
March 26 -
In a note released this morning, Standard & Poor's analysts said that without the potential regulatory hurdles, the conduit B-piece demand will be sufficient to support the estimated CMBS issuance this year.
March 26 -
New York's Suffolk County's tobacco ABS is in the market. The deal, worth $38.1 million, is called Suffolk Tobacco Asset Securitization Corp. Series 2012.
March 26 -
The CMBS market paralleled broader markets last week with buyers preparing for quarter end. The spreads were roughly unchanged week-over-week as trading volume slowed, according to Bank of America Merrill Lynch analysts.
March 26 -
Bankrupt bond insurer Ambac Financial Group had a net loss of $963 million in the fourth quarter of 2011.
March 26
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The Securities and Exchange Commission (SEC) has accused Wells Fargo of failing to produce documents relating to an investigation of the bank's mortgage-backed securities.The SEC filed a subpoena enforcement action in federal court on Friday, seeking to force Wells to comply with subpoenas dating back to September 2011.
March 23 -
The government-owned Ally Financial sold $250 million of legacy mortgages last year, using the whole loan securitization market, according to a recent filing with the Securities and Exchange Commission.
March 23 -
A week of predominantly housing reports, no Treasury coupon auctions, and very little Federal Reserve speak was supposed to provide a respite after the sharp sell-off last week via upbeat assessments of the economy in the Federal Open Market Committee (FOMC) statement.
March 23 -
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New York-based commercial real estate (CRE) finance firm Ladder Capital Finance Holdings appointed Michael Mazzei as president.
March 23 -
Most big lenders are proceeding as if new capital rules will inevitably force them to shrink their mortgage servicing rights, with a notable exception: Wells Fargo.
March 23 -
Auto ABS performed slightly better in January versus December with net losses and delinquencies dipping and recovery rates increasing, according to Standard & Poor's.
March 23
