U.S. District Judge Mariana R. Pfaelzer of the Central District of California yesterday certified a class action lawsuit in a case against Countrywide. The suit accuses the mortgage lender of deceptive practices in the sale of MBS.
-
Despite the general market volatility, the timeshare industry has benefited from the steps taken to further increase efficiencies, DBRS analysts said late yesterday in a comment.
January 10 -
In his eight years on the Senate Banking Committee, Rick Santorum was an infrequent presence at committee hearings, even though his office was located on the same floor of the Dirksen office building as the committee's hearing room.
January 10 -
Federal regulators must levy fines against residential servicers under their purview to show there are real consequences for their "severe misconduct," according to Federal Reserve governor Sarah Bloom Raskin.
January 10 -
When foreclosure and short sales are excluded from the CoreLogic home price index, it shows that values declined just 0.6% over the 12 months ending Nov. 30.
January 9 -
Societe Generale named Degenhard Schroeren as the head of leveraged finance for Germany, Austria and Central and Eastern Europe, according to reports.
January 9
-
Royal Bank of Scotland (RBS) analysts said in a report released today that they disagree with the speculation that the redirection of the GSE fees to pay for non-mortgage related expenses makes a credit rating downgrade is likely.
January 9 -
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
-
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 -
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
