New York Attorney General Eric Schneiderman, U.S. Attorney General Eric H. Holder, Housing and Urban Development (HUD) Secretary Shaun Donovan, and the Securities and Exchange Commission (SEC) Director of Enforcement Robert Khuzami today detailed the core mission of the new Residential Mortgage-Backed Securities Working Group announced by President Obama in the State of the Union address.
-
Auto companies are lining up their multiple asset-backed offerings this week. Equipment ABS issuers are also joining the mix of automobile securitizations.
March 12 -
The Department of Justice (DoJ) and the Housing and Urban Development, along with 49 state attorneys general, filed their joint $25 billion agreement with the nation's five largest mortgage servicers in court Monday.
March 12 -
Amherst Securities Group (ASG) examined the historical performance of the non-agency market throughout the housing crisis in a report published late Friday.
March 12 -
Agency MBS certainly dominate the market today in many respects, but as one aspect of the recent strategic plan for the GSEs highlights, the private-label market can be considered ahead of them in terms of loan-level disclosure and it is time for that to change.
March 12 -
Moody's Investors Service has downgraded Ocwen Loan Servicing's rating as a special servicer to 'SQ2-' from 'SQ2'.
March 12
-
Almost a year after credit card loans hit bottom, banks have given little slack in credit lines.
March 12 -
According to Leveraged Commentary & Data (LCD), a unit of Standard & Poor's, leveraged loan issuance is down by half versus last year, which S&P analysts said is potential constraint for CLO issuance.
March 12 -
Philips Electronics N.V., the Netherlands-based electronics giant, priced a $432 million credit tenant lease Friday, according to a source familiar with the transaction.
March 9 -
Just about every week so far in 2012 has had a headline or tape bomb to deal with and this week was no exception. In fact, there were two that directly hit the MBS sector, which are the Federal Housing Administration (FHA) mortgage insurance premium announcement and February prepayments.
March 9 -
In one of the most ambitious suits of its kind so far, Space Coast Credit Union has filed suit against several investment banks and rating agencies for the sale of $150 million of CDOs to Eastern Financial Florida Credit Union, the huge Florida credit union that failed in 2009 then was acquired by Space Coast.
March 9 -
Auto sales are gaining strength, which can further boost auto securitization issuance, analysts stated.
March 9 -
The outstanding amount of home mortgages as of 4Q11 fell $40 billion quarter-over-quarter and $240 billion year-over-year to $10.3 trillion, Standard & Poor's analysts noted this morning, citing the Federal Reserve flow-of-funds data.
March 9