The rising cost of education coupled with federal loan limits on direct lending presents a growing opportunity for private student loan funding in the long run, according to the panelists at the IMN's ABS East 2011 Student Loan panel.
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Ginnie Mae has warned seven of its MBS issuers during the first nine months of 2011 that they are in violation of agency's rules, according to an audit by the General Accountability Office (GAO). The identities of the seven were not revealed.
December 5 -
Fitch Ratings said Friday that an outlook change to negative for "defeased" U.S. CMBS looks unlikely despite the use of government debt in defeasance and a recent revision of the sovereign outlook to negative.
December 5 -
Craig Sedmak, head of CMBS trading at the Royal Bank of Scotland, has left the bank to pursue interests outside of financial services, according to people familiar with the situation.
December 5 -
New data released from the Financial Industry Regulatory Authority's (FINRA) Trade Reporting and Compliance Engine (TRACE) showed that the average weekly CMBS trading volume has been decreasing since June.
December 5 -
Ballard Spahr has created a mortgage banking group and hired a team of four attorneys who are at the forefront of evolving regulatory developments.
December 5
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PNC Financial Services is taking a look at parts of MetLife Mortgage, according to industry advisors familiar with the situation.
December 5 -
Manager Activity: Autos Book Runner Amount (US$ Mil) Rank Mkt.
December 2 -
2011 2010 2009 ABS (Public + 144A) 133,573.6 116,322.2 146,319.2 ABS (Public + 144A excluding CDOs) 126,396.4 113,228.7 144,209.6 ABS (Public Only) 73,180.1 54,482.5 84,146.5 ABS (144A Only) 60,393.5 61,839.7 62,172.7 Non-Agency MBS 65,700.3 54,091.0 9,728.8 Agency MBS 321,579.6 500,815.7 278,277.1 CMBS 32,893.2 26,341.5 6,510.3
December 2 -
MORTGAGE DATA 30-yr. Fixed 15-yr. Fixed 5-yr Treasury 1-yr Treasury- MBA Refi Home Purchase Rate Mortgage Rate Mortgage Indexed ARMs Indexed ARMs Index Index Week ending 12/29/11 3.95%
December 2 -
Navigating the non-agency RMBS market is not an easy task given that the market has seen little primary activity in 2011 and lots of volatility on housing stats.
December 2
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Credit Suisse is prepping a $450 million term loan for retailer Lord & Taylor, according to a person familiar with the transaction.
December 2 -
A sell-off this week was boosted by a risk-on mentality based on more optimistic expectations regarding the European Union and stronger-than-expected economic data.
December 2
