Bank of America Corp.'s board has been told the company could face a public enforcement action if banking regulators aren't satisfied with recent steps taken to strengthen the bank, according to a report by Dow Jones.
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Santander U.K. is reportedly prepping its first U.K. RMBS for 2012 under the Holmes Master trust series.
January 9 -
The government’s move to change the index that student FFELP loan are tied to should have a slightly positive impact on related ABS, according to Moody’s Investors Service.
January 9
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Investors holding at least $800 million of secured bonds in Residential Capital Corp. (ResCap) have organized in the event the mortgage firm's parent company, Ally Financial, throws the company into bankruptcy.
January 9 -
More professionals, including securitization staff, are continuing to leave Morgan Stanley, published reports have indicated.
January 9 -
The year may have started off quietly for European securitizations, but it exploded on the covered bond front.
January 9
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The auto pipeline is filling up with securitizations that are due to price by mid-week. Santander Consumer USA (SC USA), Mitsubishi Motors Credit of America (MMCA) and Ally Bank are all in the market with their respective auto transactions.
January 9 -
Banks will be better buyers of CMBS supply once new origination volumes pick up this year, according to a JPMorgan Securities report.
January 9 -
Current management of the Fannie Mae and Freddie Mac conservatorships is contributing to tight mortgage credit conditions, holding back a recovery in the housing market, according to a Federal Reserve Board official.
January 9 -
Conventional prepayments slowed as expected in December as a result of slightly lower refinancing activity in November. This was partially offset by an increase in the number of collection days to 21 from 20.
January 9 -
Albert Sohn, previously head of securitized products at Credit Suisse, will move into alternative investments in asset management at the bank. In his new position, Sohn will manage structured credit and residential real estate assets, according to an internal memo obtained by ASR.
January 7 -
Ally Bank has filed with the Securities and Exchange Commission a propectus supplement to issue an auto securitization under its Ally Auto Receivables Trust 2012-1.
January 6 -
The MBS sector was off to the races as 2012 trading got underway and participants returned from the year-end holiday break. Books opened back up while the supply/demand technical outlook appeared very favorable.
January 6