The Obama Administration's efforts to expand a GSE refinancing program and reach a large number of underwater borrowers will depend on how far the Federal Housing Finance Agency will go in providing lenders relief from loan buy-backs, according to industry officials and analysts watching the effort.
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Fondo de Amortizacion del Deficit Electrico, also known as FADE, the securitization vehicle set up to fund the tariff deficit in the Spanish power industry, is planning to sell €125 million ($166 million) worth of bonds.
November 29 -
Within minutes of Rep. Barney Frank's surprise announcement that he planned to retire next year, industry insiders and political analysts were focused on who would take his place as lead Democrat on the House Financial Services Committee.
November 29 -
Fannie Mae in early November cut 160 full-time workers such as a handful of vice presidents, including one with almost 30 years of service.
November 29 -
Fitch Ratings expects to revise the rating outlook to negative for certain U.S. structured finance ratings. This is a result of the change in the U.S. sovereign’s rating outlook to negative from stable.
November 29 -
Judge Jed Rakoff from the U.S. District Court of the Southern District of New York today rejected Citigroup's settlement with the Securities and Exchange Commission (SEC) regarding the sale of a $1 billion CDO linked to subprime MBS.
November 28
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Steadfast Cos. hired Richard Gann as chief marketing officer for Steadfast Capital Markets Group (SCMG), its securities and financial services division.
November 28 -
Mortgage balances on consumer credit reports dropped by about $114 billion or 1.3% during the third quarter, according to the Federal Reserve Bank of New York's latest report on household debt and credit.
November 28 -
New home sales rose 1.3% in October after September sales were revised downward, according to new government figures released Monday.Meanwhile, the median sales price fell to its lowest level of the year.
November 28 -
The proposed changes to the Standard & Poor's counterparty criteria make them generally more lenient, Royal Bank of Scotland (RBS) analysts said in a report released today.
November 28 -
Real estate investment trust W.P. Carey & Co. continues to show appetite for self-storage facilities with another reported acquisition of units.
November 28 -
The Federal Housing Administration (FHA) in early December will seek bids on a small pool of defaulted single-family loans and plans to conduct additional auctions in April and September of next year.
November 28 -
Government officials are likely to lessen large banks' liabilities over how they handled delinquent Federal Housing Administration (FHA)-insured mortgages as part of a settlement with the largest mortgage servicers, according to people briefed on the negotiations.
November 28