U.K. mortgage origination is unlikely to grow more than marginally next year thanks to economic uncertainty and steep borrowing costs faced by originating banks, according to a release by Standard & Poor's. As a result, the agency estimates that the volume of RMBS placed with investors in 2012 could hover around €45 billion ($60 billion), a hair over this year's figure.
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Barclays is looking to buy up notes in ACA CLO 2005-1, a CLO managed by Apidos Capital Management, in an apparent effort to exercise the deal’s call option.
January 30 -
The National Credit Union Administration (NCUA) is proposing new rules for troubled debt restructurings that will cover how all federally insured credit unions account for delinquencies, charge-offs, and income related to troubled home mortgages.
January 30 -
Bank of America is ready to unload yet another multi-billion package of mortgage servicing rights, according to bidders and industry advisors familiar with the bank's plans.
January 30 -
When weighing financial-aid offers, among students’ concerns are how much debt they will have at graduation and how much they will owe in loan payments each month.
January 28 -
The Treasury Department late Friday unveiled a new plan to expand the Home Affordable Modification Program (HAMP) by increasing the incentive fees it pays investors including Fannie Mae and Freddie Mac for agreeing to reduce the principal amount of a mortgage.
January 28
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Manager Activity: Autos Book Runner Amount (US$ Mil) Rank Mkt.
January 27 -
2012 2011 2010 ABS (Public + 144A) 26,097.7 17,569.6 19,548.5 ABS (Public + 144A excluding CDOs) 25,917.2 16,449.8 19,373.5 ABS (Public Only) 20,964.1 9,977.2 7,986.0 ABS (144A Only) 5,133.5 7,592.4 11,562.5 Non-Agency MBS 4,340.1 10,986.2 2,134.6 Agency MBS 15,750.9 51,829.5 88,313.2 CMBS 1,990.1 7,580.0 2,048.0
January 27 -
MORTGAGE DATA 30-yr. Fixed 15-yr. Fixed 5-yr Treasury 1-yr Treasury- MBA Refi Home Purchase Rate Mortgage Rate Mortgage Indexed ARMs Indexed ARMs Index Index Week ending 03/01/12 3.90%
January 27 -
Panelists discussed similar housing themes to those that were covered in 2011 at the ASF 2012 Future of U.S. Mortgage Finance panel.
January 27 -
There was much focus on the U.S. consumer at American Securitization Forum's (ASF) ASF 2012 held in Las Vegas.
January 27 -
It may be too early to declare who the winner is, but Bank of America's willingness to settle the $8.5 billion Countrywide suit hints at how big the litigation problem might be for mortgage originators in the courts today.
January 27 -
Monolines that have brought MBS lawsuits to court have used the same facts that class actions and put-back claims have made, but have used a different theory of law as a legal basis for their arguments.
January 27