Servicers refinanced more than 85,000 high LTV loans under the Home Affordable Refinancing Program (HARP) in the third quarter, up nearly 11% from the prior period, according to new figures compiled by the Federal Housing Finance Agency.
-
Cantor Fitzgerald has made key appointments for its high yield, investment grade and research groups as part of the build out of its global credit fixed-income platform and capabilities.
January 26 -
The Federal Reserve will not sell any of its massive holdings of agency MBS and Treasurys until 2015 as it strives to keep interest rates low, central bank officials said Wednesday afternoon.
January 25 -
President Obama's decision to create a new task force to investigate risky lending and securitization practices leading up to the financial crisis could complicate and delay a potential $25 billion settlement involving foreclosure and servicing abuses.Participants in the ongoing 'robo-signing' settlement negotiations recently signaled that they could be close to an agreement with the government.
January 25 -
The attorney General of Illinois Lisa Madigan sued McGraw Hill Cos., Standard & Poor's Financial Services and its business unit Standard & Poor's Ratings Services.
January 25 -
Private-label RMBS can experience a significant increase in losses in the coming months, according to a recent analysis by R&R Consulting.
January 25
-
Bond insurer Assured Guaranty has reached a three-part deal with Radian Asset that expands Assured Guaranty’s portfolio and business.
January 25 -
U.K. supermarket retailer Tesco PLC is in the market with its GBP450 million ($703 million) credit tenant lease securitization called Tesco Property Finance 5 Plc.
January 25 -
Fannie Mae's final multifamily issuance numbers for 2011 are in and they reflect a 50% increase from the previous year, according to an executive at the GSE.
January 25 -
Former Fannie Mae CEO Daniel Mudd, who was named last month in a mortgage-related Securities and Exchange Commission fraud suit, has officially resigned from publicly traded investment manager Fortress Investment Group and its board, ending a leave of absence.
January 25 -
Citigroup will no longer purchase "medium or high-risk" loans that could result in buyback requests from Fannie Mae or Freddie Mac, in the bank's latest effort to improve the quality of mortgages it buys from correspondent lenders, according to an internal memo obtained by ASR sister publication American Banker.
January 25 -
President Obama's State of the Union address included a section on refinancing initiatives that will strike a chord with mortgage investors, a Barclays Capital report said.
January 25 -
Realogy Corp. plans to issue roughly $593 million of senior secured first lien notes due 2020 and around $325 million of senior secured notes due 2020 in a private placement.
January 25