The three largest tobacco companies last week exempted 12 states and four territories from arbitration that would force the municipalities to refund money from 2003 settlement overpayments the companies believe they made.
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Hannover Re Group executive board member Wolf Becke will retiring after 20 years of serving on the board.
December 29 -
Morrison & Foerster has been appointed as legal counsel for the European DataWarehouse (ED), the Eurosystem-endorsed data repository that will facilitate the storage and dissemination of ABS loan-level data.
December 29 -
There is little risk of a negative impact on CMBS from the closure of 100 to 120 Sears and Kmart stores under the U.S. Sears Holdings Corp., according to a Fitch Ratings report.
December 29 -
BTG Pactual, through its retail banking unit Banco PanAmericano, signed a non-binding agreement to acquire Brazilian Finance & Real Estate (BFRE), which specializes in property and real estate securitization.
December 29 -
Welspun Energy , India's biggest solar photovoltaic developer, which is backed by Apollo Global Management, is looking to securitize revenue from its 15-megawatt unit in Gujurat after three months of operation.
December 29
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KeyBanc Capital Markets (KBCM) recently hired Christopher Moroz and Michael Giasi to its fixed-income team as part of its efforts to further expand the firm's MBS capabilities, as reported on Dec 19 by StructuredFinanceNews.com (see link).
December 29 -
Zillow is projecting that home values across the country are expected to have gone down approximately $700 billion in 2011, which would be 35% less than the $1.1 trillion that was lost in 2010.
December 28 -
The $66.4 billion scheduled to mature in credit card securitization could add an extra $14 billion to credit card ABS volumes in 2012, Wells Fargo analysts said in a report released today.
December 28 -
Standard & Poor's late Tuesday said it is reviewing its rating criteria for U.S. RMBS backed primarily by second liens.
December 28 -
The serious delinquency rate on Federal Housing Administration (FHA) loans has risen a full percentage point over four months to 9.3% in November.
December 28 -
Ohio became the twentieth state to pass legislation allowing utility debt securitization.
December 28 -
Mercedes-Benz Financial has filed a preliminary prospectus with the Securities and Exchange Commission (SEC) to issue an auto lease ABS under its Mercedes-Benz Auto Lease Trust.
December 28