Despite mortgage rates in and around record lows, mortgage application activity was relatively unresponsive for the week ending Sept. 16.
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The recent prime auto ABS spread movements and new-issue pricing show that ABS investor demand for the product might be somewhat uneven, according to a Wells Fargo report released this afternoon.
November 8 -
There has been significant investor and Street apathy toward the non-agency market, FTN Financial analysts said in a report released this afternoon.
November 8 -
A domestic Mexican CMBS with a number of multinational companies attached, including Wall Mart, is expected out in the first quarter of next year, said a market source familiar with the matter. The planned size is Ps1 billion ($75 million), with a ten year maturity.
November 8 -
The annual fight over whether to allow the government to back higher-priced mortgages is shaping up to be a key proxy in a larger ideological war over housing finance reform.
November 8 -
Walter Investment Management Corp. posted a $61.7 million loss in the third quarter, citing higher operating and debt costs tied to its purchase of specialty servicer Green Tree Servicing, St. Paul, Minn.
November 8
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PIMCO has boosted its portfolio management analytics team by appointing three new investment professionals in its New York and London offices.
November 8 -
The Financial Industry Regulatory Authority's (FINRA) Trade Reporting and Compliance Engine (TRACE) pilot program that requires firms to report an ABS transaction no later than the business day after the date of execution will expire on Nov. 18.
November 8 -
European issuers managed to get deals priced last week in the face of growing uncertainty over Europe's sovereign debt crisis, but at a cost.
November 8 -
The Prestwick Mortgage Group is selling a $406 million package of Ginnie Mae mortgage servicing rights for an undisclosed mortgage banking firm.
November 8 -
Although the chances are slim, the conforming loan limit in a few high-cost housing markets could rise on Jan. 1.
November 8 -
Freddie Mac is offering its fourth structured passthrough certificates (K Certificates) deal backed by multifamily mortgages with a seven-year term.
November 8 -
Bondholders face a payment reversal event for the European Talisman-5 Finance plc CMBS deal. It's the second reversal event to occur this year in a European CMBS.
November 8