The stock price of Dexia SA, Belgium's largest bank, fell by more than 20% this week amid market concerns over short-term liquidity, but the impact on the bank's covered bond pool remains limited, according to Standard & Poor's.
-
Banks with more than $50 billion of assets must be "well prepared" to meet new international capital standards when they file capital plans next year, according to a final rule issued by the Federal Reserve Board on Tuesday.
November 23 -
Kroll Bond Rating Agency (KBRA) is seeking public comment on its auto loan ABS rating methodology. The report, which was released today, offers detailed insight into KBRA's rating methodology of prime and subprime U.S. auto loan ABS.
November 22 -
Situational volatility has led some potential issuers in the esoteric space to opt out of structured finance and seek financing elsewhere, market sources said.
November 22 -
Holliday Fenoglio Fowler (HFF) arranged a $120 million refinancing for nine full-service hotels on behalf of Investcorp. These loans will later be securitized in an adjustable rate deal.
November 22 -
U.S. District Judge Mariana R. Pfaelzer of the Central District of California yesterday certified a class action lawsuit in a case against Countrywide. The suit accuses the mortgage lender of deceptive practices in the sale of MBS.
November 22
-
Lennar Corp. is proposing to sell $300 million in debt, and possible uses of the proceeds include purchasing distressed portfolios of mortgage loans and foreclosed real estate.
November 22 -
The ongoing foreclosure crisis is "not even halfway" over, according to a new Center for Responsible Lending (CRL) study that looked at mortgages originated between 2004 and 2008.
November 22 -
The Office of the Comptroller of the Currency (OCC) issued a report today regarding 12 mortgage servicers' compliance with consent orders issued last April 2011. These orders were meant to correct deficient and unsound foreclosure practices.
November 22 -
The private or non-guaranteed student loan default rate index was stable at 4.8% for 3Q11, as reported by Moody’s Investors Service's private student loan indices,
November 22 -
Operating Company/Property Company or OpCo-PropCo real estate structures need "creative thinking" with the impending refinancing challenge on the horizon, according to a report by European structuring and advisory services firm Bishopsfield Capital Partners released yesterday.
November 22 -
Bank of America Corp.'s board has been told the company could face a public enforcement action if banking regulators aren't satisfied with recent steps taken to strengthen the bank, according to a report by Dow Jones.
November 22 -
Nevada didn't explicitly forbid Bank of America Corp. from initiating new foreclosures within its borders last month. But it might as well have done so.
November 21