Fannie Mae acquired $58.4 billion of mortgages from its seller/servicers in October, its best purchase month since January and a sign that low rates are starting to spur new activity in the primary market.
-
The high yield and distressed trading leaders have departed Citigroup, according to a report.
January 17 -
Citigroup repurchased 6,800 residential loans in 2011, an 80% jump from 2010 with Fannie Mae and Freddie Mac accounting for the lion's share of those buybacks, according to figures released Tuesday.
January 17 -
Among the ramifications of paying for the tax cut extension by hiking agency guarantee fees in April could be upward pressure on consumer rates and an improvement in MBS prepayments.
January 17 -
GE Capital is in the market with GE Capital Credit Card Master Note Trust Series 2012-1 worth roughly $606 million.
January 17 -
The Securities and Exchange Commission (SEC) has charged the investment advisory arm of UBS with failing to properly price securities in three mutual funds that it managed.
January 17
-
Structured finance software solutions provider Principia Partners has said that Serone Capital Management has chosen its Software-as-a-Service (SaaS) Platform for consolidated portfolio management, risk surveillance and operational control across its European credit investment business.
January 17 -
Senior tranches of vanilla ABS and RMBS deals in Europe should continue to benefit from the flight-to-quality mentality that has recently held sway in the continent, analysts from the Royal Bank of Scotland said Tuesday in an asset-backed strategy report that provides an outlook for 2012.
January 17 -
Some banks might be skittish about selling nonperforming loans in bulk, but the market clearly likes it when banks shed problems en masse.
January 17 -
VW Credit (VCI) is in the market with Volkswagen Auto Loan Enhanced Trust 2012-1 (VALET 2012-1) worth $1 billion.
January 17 -
An increase in late-stage arrears for prime Dutch RMBS is causing a build-up in potential foreclosure stock. However, a stall in the foreclosure process for these transactions will continue to pressure their collateral performance, according to a Fitch Ratings report.
January 17 -
Thetica Systems plans to launch an enhanced version of its ABS Trader Tools at next week's American Securitization Forum's ASF 2012 conference in Las Vegas.
January 17 -
Assured Guaranty Europe (AGE) has issued a financial guarantee for a U.K. Private Finance Initiative bond issue, the first European monoline wrap since the financial crisis erupted.
January 13