Dynex Capital, Inc. announced today its will refinance approximately $74.2 million in collateralized financings with repurchase agreement financing in order to take advantage of the lower interest rate environment and reduce its overall borrowing costs.
-
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
-
Only a few years ago most of the talk about short sales revolved around how to make the process more efficient — meaning shorter, since on average it lasted anywhere from 60 to 90 days. That worry is a thing of the past.
November 21 -
In a report today, Barclays Capital analysts said RMBS would provide buying opportunities into 2012, but they warned that certain risks could eat into the potential upside.
November 21 -
European market volatility has led some issuers to walk away from issuing European structured finance transactions, according to Fitch Ratings.
November 21 - Europe
The European Commission (EC) announced a new set of legislative proposals on credit rating agencies (CRAs) that appear weaker than those already in place in the U.S. They also don't go far enough to promote transparency, Royal Bank of Scotland (RBS) analysts said.
November 21 -
-
Big banks are fleeing the reverse mortgage industry, leaving specialty lenders with more business than they know what to do with.
November 21 -
Bond insurer Ambac Financial has pushed back the voting deadline on a reorganization plan and a plan confirmation hearing.
November 21