The combined value of loans in CMBS pools hardly budged from October to November, according to data released today from DebtX. Based on loans that the advisory firm prices, the figure at the end of November was 85.2%, from 85.3% on Oct. 31.
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Optimism among market participants regarding CLO issuance in 2012 appears to have increased in the past few weeks.
February 6 -
Two new covered bonds from peripheral Eurozone issuers priced last week. The Italian Lender, Intesa San Paolo issued a €1.5 billion ($1.96 billion), 1.5-year unsecured bond at 295 basis points over mid swaps.
February 6 -
A House Financial Services subcommittee is slated to mark up a Federal Housing Administration (FHA) reform bill Tuesday that establishes a minimum annual mortgage insurance premium and extends the agency's indemnification requirements to all approved lenders.
February 6 -
Lloyds Bank has priced its U.K. RMBS deal from the bank's Arkle master trust.
February 6 -
Ford Motor Credit Co. is in the market with Ford Credit Master Owner Trust 2012-1 (FCMOT 2012-1). This deal is backed by dealer floorplan loans sponsored by Ford Credit.
February 6
- Europe
Fitch Ratings continues to expect an orderly debt restructuring for Greece, a view that shapes its opinion on the prospects for Greek structured finance deals.
February 6 -
Credit Agricole Corporate and Investment Bank (CIB), which is Credit Agricole Group’s corporate and investment banking arm, appointed Frederic Truchot as head of fixed-income markets.
February 6 -
The California Attorney General has returned to the 'robo-signing' talks after a four-month absence to possibly take part in a multi-state settlement with the nation's largest residential servicers, according to combined press reports early Monday morning.
February 6 -
Barbara Desoer, the president of Bank of America's home loans division who was once considered a possible successor to former Chief Executive Ken Lewis, will retire at the end of February, BofA said Friday.
February 6 -
Federal banking agencies seem to be making little progress in promulgating regulations that will set the ground rules for a revival of the private-label MBS market.
February 6 -
Standard and Poor's expects bank card charge-offs to stay at low levels in 2012 as long as trusts maintain current credit compositions. The rating agency's analysts said that this is positive for credit card ABS collateral.
February 3 -
The Federal Reserve and the Obama administration have put the continued poor state of the housing market front and center on their agendas in the first month of 2012 and now into early February.
February 3