Fitch Ratings has identified ‘A-’ as lowest rating for Italy at which triple-A ratings for structured deals from the country would be possible, the agency said in a release.
- Europe
Eurozone structured finance deals that are fully retained by originators for use as European Central Bank (ECB) collateral face increased rating volatility, said Fitch Ratings in a report released today.
January 5 -
Now that a 10 basis point hike in GSE guarantee fees has been carved into law, mortgage rates could rise by as much as 25 basis points, according to calculations done by Lenders One, a national cooperative of mortgage funders.
January 5 -
CenterPoint Energy Houston Electric plans to issue a $1.7 billion utility tariff securitization.
January 5 -
Banco BPI launched a fixed price tender offer for ten bonds across three Portuguese RMBS transactions.
January 5 -
Macy’s announced Wednesday night that it will be closing some of its stores while opening and replacing stores.
January 5
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Newtek Business Services completed the securitization and sale of an added $20.5 million of non-guaranteed portions of U.S. Small Business Administration (SBA) loans and said the forecast looks good for small business ABS in 2012.
January 5 -
Freddie Mac reported 30-year fixed mortgage rates eased back to 3.91% with an average 0.8 point in the week ending Jan. 5. This is from 3.95% and matches the record low set in the week ending Dec. 22.
January 5 -
Federal Reserve chairman Ben Bernanke is pressuring the Federal Housing Finance Agency (FHFA) to take additional steps to make the newly implemented Home Affordable Refinancing Program (HARP) 2.0 program more accessible for homeowners with GSE loans.
January 5 -
The American Securitization Forum (ASF) announced today that John Walsh, acting comptroller of the currency, will give a keynote speech at ASF 2012.
January 4 -
Two more Standard & Poor's executives whose respective roles have included oversight of MBS ratings are leaving the company, possibly as part of an ongoing reorganization, according to a recent Wall Street Journal report.
January 4 -
CBL & Associates Properties closed four separate loans totaling $383 million last month.
January 4 -
The White House Wednesday morning signaled its intention to make former Ohio Attorney General Richard Cordray the first director of the Consumer Financial Protection Bureau (CFPB)through a recess appointment.
January 4