Investors looking to block the $8.5 billion settlement of claims related to losses on Bank of America MBS have moved the case to federal court, a Reuters report indicated.
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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
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The bumpy economy and its toll on businesses and consumers prompted JPMorgan Chase & Co. to set aside more money to cover loan losses in several business units, even as overall credit health improved outside of mortgages.
October 14 -
Three years after making a big splash in mortgages and then growing its business to become the 12th largest in the U.S., insurance conglomerate MetLife is now throwing in the towel on residential finance.
October 13 -
Credit Suisse is reportedly eliminating its CMBS loan origination unit, according to several market reports.
October 13 -
Standard & Poor's is requesting comments on its proposed update to its criteria for rating cash flow and synthetic collateralized debt obligation (CDO) transactions backed by structured finance securities.
October 13 -
Nationwide Building Society priced its multi-currency U.K. RMBS issued from the bank's Silverstone Master Trust, according to a Dow Jones report.
October 13 -
Problems in the European markets, stock market gyrations and fears that economic growth may be slowing have all contributed to both spread widening as well as a steepening of the credit curve in the commercial mortgage-backed securities market, according to Annaly Capital Management's third quarter 2011 market commentary.
October 13 -
Ally Bank is in the market with a $592 million dealer floorplan securitization.
October 13