Casting a cloud over the CMBS sector for 2012 is an overhang of about $55 billion in CMBS loans that are coming up for refinancing. Industry participants are watching to see how these loans will fare. These mortgages form part of an estimated total of $365 billion in commercial real estate-backed loans coming due in 2012, according to CMBS data provider Trepp.
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With its lawsuits hanging by a thread, National Credit Union Administration (NCUA) urged separate federal courts here and in Kansas Friday to allow it to advance its claims and make its case against Wall Street banks who sold faulty MBS that caused the failure of five corporate credit unions.
February 14 -
Litigation consulting firm Analysis Group has hired four new affiliates to the firm, including fixed-income expert John Richard.
February 14 -
Just how hungry is Ocwen Financial Corp. for servicing rights? In a new filing with the Securities and Exchange Commission (SEC) the nonbank servicer discloses that it is currently reviewing $300 billion of MSRs for purchase.
February 14 -
The bulk of Italian RMBS could withstand a further sharp deterioration in the economy, Fitch Ratings said in a release today.
February 14 -
The Securities Industry and Financial Markets Association (SIFMA) submitted comments to Federal regulators yesterday regarding the proposed Volcker rule provisions on ABS and insurance-linked securities (ILS). The Volcker Rule was added by Section 619 of the Dodd-Frank Act.
February 14
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The Federal Reserve Board has decided to delay a decision on Capital One Financial Corp.'s $9 billion deal for ING Direct USA, a spokeswoman for the central bank said Monday.
February 14 -
The Obama administration on Monday more than doubled to $61 billion a proposed fee it wants the largest U.S. banks to pay for their role in the financial crisis.
February 14 -
If it weren't for a recent legal settlement with Bank of America, the Federal Home Administration's (FHA) mortgage insurance fund would be in the red.
February 14 -
Brazilian Securities, an agency that specializes in securitizing real estate receivables, is currently in the process of selling two mortgage-backed real estate certificates, or CRIs, with a minimum ticket size of R$1,000 ($582), according to a source close to the deal.
February 13 -
Southwest Securities has hired two experienced traders to the firm's taxable fixed income division.
February 13 -
The Federal Housing Administration (FHA) will "soon" increase its annual premium on Jumbo mortgages by 25 basis points, according to government budget documents released Monday morning.
February 13 -
DBRS today published its U.S. Private Student Loan Performance Report for 4Q11. The study contains indices that benchmark loan performance metrics for the private SLABS sector.
February 13