The Standard & Poor's downgrade of the U.S. long-term debt rating was followed a few days later by downgrades of debt issued by government-related entities such as the Federal Home Loan Banks and the Federal Deposit Insurance Corp. (FDIC), as well as a slew of funds with a majority of their exposures to U.S. Treasurys.
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The credit quality of CMBS loans appears to be slipping a bit, according to a Moody's Investors Service report Friday.
October 21 -
After a significant slow down following the economic turmoil in August, CLO issuance is poised to pick up again as the loan market stabilizes, sources said. Indeed, the pipeline has even continued to grow despite the fact that a number of deals stalled over the summer.
October 21 -
The backdrop of this week's mortgage activity continued to be about the European Union and refi.gov.
October 21 -
Halifax Bank of Scotland is in the market with a new deal from its Permanent Master Trust program.
October 21 -
Special servicing firm CWCapital Asset Management (CWCAM) has expanded its integrated real estate services platform with two new hires.
October 21
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Barclays Capital has made several appointments to its U.S. CMBS team.
October 21 -
FCT Ginkgo Sales Finance has issued a EUR 681.3 Million of French Consumer loan ABS.
October 20 - Europe
The European Commission (EC) on Thursday unveiled its latest draft of the Market in Financial Instruments Directive (MiFID) II proposals, which are designed to crack down on high-frequency trading and extend the Commission's regulation of the equities, commodities and derivatives markets.
October 20 -
The California's Attorney General office subpoenaed Bank of America Corp. this week for the sale of mortgage-backed securities under false pretenses, according to a Los Angeles Times report.
October 20 -
Equifax is expanding the availability of technology it’s developed to aid mortgage investors analyzing whole loan portfolios before and after they’re purchased.
October 20 -
A federal judge has ruled the massive $8.5 billion settlement between Bank of America and several large investors who lost billions on private label MBS will be heard in federal court.
October 20 -
Half of the 12 Federal Reserve Banks reported an increase in mortgage refinancings by lenders operating in their districts, according to the central bank's new 'Beige Book' report.
October 20