Fitch Ratings this week downgraded its servicer rating on Ocwen Financial Corp., Atlanta, questioning its rapid expansion in servicing contracts and voicing doubts about its heavy use of offshore workers.
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The Federal Reserve Board on Wednesday unexpectedly postponed its meeting to discuss Capital One Financial Corp.'s $9 billion deal for ING Direct USA until next week, the central bank said.
February 8 -
A House Financial Services panel on Tuesday approved a bill requiring the Federal Housing Administration (FHA) to submit a plan to Congress on how it will avoid a bailout of its financially strapped mortgage insurance fund.
February 8 -
The percentage of loans paying off at their maturity date increased in January, according to CMBS data provider Trepp that just released its January Pay Off Report.
February 8 -
Phillips Edison & Co.'s Strategic Investment Fund I closed two CMBS loans totaling $94.5 million.
February 8 -
Barclays has filed an S-3 with the Securities and Exchange Commission (SEC) to possibly issue under its Barclays Commercial Mortgage Securities Trust.
February 8
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K&L Gates has created a new cross-practice task force to help clients address questions and allegations relating to the joint federal and state initiative to form an RMBS Working Group.
February 8 -
The Federal Reserve Bank of New York has sold a significant portion of its Maiden Lane II portfolio to Goldman Sachs. The residential mortgage-backed securities were sold through a competitive process and had a current face value of $6.2 billion.
February 8 -
Center Parcs group in the U.K. plans to issue a ₤1.020 billion ($1.6 billion) hybrid transaction that blends corporate securitization of the operating business with subordinated high-yield issuance.
February 8 -
New Irish personal insolvency legislation that was proposed in January and expected to become effective in 2013 will introduce debt forgiveness for borrowers viewed as having unsustainable mortgage debt, Moody's Investors Service said in a report released today.
February 8 -
Cashel USA Property Partners plans to purchase up to $500 million in distressed single-family residences in the U.S. to convert into rentals that will be serviced by PropertyAccess, a provider of national property management services for professional investors.
February 8 -
Not surprisingly, a new low in mortgage rates buoyed refinancing activity in the week ending Feb. 3.
February 8 -
Consumer debt rose 3.7% year-over-year to $2,498 billion in December, according to Bank of America Merrill Lynch analysts in a report released last yesterday.
February 8