In a rare public rebuke of a rogue attorney general by his colleagues has highlighted the dysfunction among the state AGs and raised doubts about their ability to strike a settlement deal with the largest mortgage servicers.
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Master servicers have been instrumental in dealing with the robosigning debacle in existing securitization deals, said participants at Information Management Network’s ABS East Conference on Sunday.
October 17 -
When it comes to bond pricing, one message that rang out clear at Information Management Network’s ABS East Conference on Sunday: investors need to do their own homework and make sure they know what’s behind the valuation tools they employ.
October 17 -
Dutch RMBS has proven to be one of the rare bright spots in post-crisis European ABS, which could inspire U.S. investors to take a look at the sector, Standard & Poor’s said in a recent report.
October 17
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Walker & Dunlop closed on a $13.5 million Freddie Mac acquisition loan for a Priderock Capital Partners, LLC property.
October 14
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Fitch Ratings said it could cut Bank of America's viability rating one notch if certain concerns regarding the company's exposure to the residential mortgage business are worse than what the rating agency expects.
October 14 -
The risk on trade that began October 5 continued this week with the 10-year note yield at over 2.20% into mid-day on Friday from 1.783% as of the close of October 4.
October 14 -
A New York state judge has reinstated fraudulent inducement claims brought by Ambac Assurance Corp and MBIA Insurance Corp. against a unit of Credit Suisse Securities .
October 14 -
Commercial real estate CDO delinquencies rose slightly last month following four straight months of decline, according to the latest index results from Fitch Ratings.
October 14 -
Legislation is pending in the New York State Legislature which would establish a private right of action for certain institutional investors to enforce the Martin Act, the state's securities law.
October 14 -
Standard & Poor’s today cut its projection of U.S. CMBS issuance in 2012 to $35 billion from $45 billion. That would translate to flat growth from this year’s estimate. The agency reduced its forecast thanks to three consecutive months of rising spreads, an uncertain economic outlook and a slowdown in origination by lenders.
October 14 -
Moody's Investors Service has placed on review for possible downgrade the ratings of 82 tranches in 27 U.K. non-conforming RMBS transactions and two tranches in one ABS U.K. consumer loan transaction.
October 14