Fannie Mae continues to ratchet up its requests for seller/servicers to repurchase delinquent loans, while its smaller rival Freddie Mac has actually reduced its buyback claims over the past four quarters.
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More than a year after Congress banned certain trading activities at banks in the Dodd-Frank Act, regulators will meet publicly Tuesday to discuss implementing the ban.
October 5 -
Spain’s pharmaceutical lobby is negotiating a plan to sell state-guaranteed securities backed by €5.4 billion ($7.1 billion) of unpaid bills, according to a Bloomberg report.
October 5 -
Moody's Investor Service downgraded Italy to 'A2' with a negative outlook, from 'Aa2' but the agency said that for Italian structured finance deals, 'Aaa' ratings are still achievable.
October 5 -
A new SME guarantee scheme announced by the U.K. government could be positive for SME ABS issuance and would align the U.K. with its European peers.
October 5 -
Despite mortgage rates at their lowest since the 1940s, "potential borrowers largely remained on the sidelines," said Mike Fratantoni, Mortgage Banker's Association's vice president of research and economics.
October 5
- Europe
The stock price of Dexia SA, Belgium's largest bank, fell by more than 20% this week amid market concerns over short-term liquidity, but the impact on the bank's covered bond pool remains limited, according to Standard & Poor's.
October 5 -
Consumer bankruptcies across the country plunged 17% year-on-year in September, according to the American Bankruptcy Institute (ABI). The total for the month reached 108,517. The drop for the first nine months of the year from the same period in 2010 was 10%.
October 5 -
HSBC Holdings PLC is planning to sell GBP348 million ($500mn) of bonds backed by U.K. credit card receivables from its Turquoise Credit Card program, according to a Moody's Investor Service presale report.
October 5 -
Ford Motor Credit Company is in the market with a $575 million dealer floorplan securitization deal from its master trust.
October 5 -
Foreclosure starts were 20% higher than the previous month reaching a yearly high, Lender Processing Services said in its latest Mortgage Monitor report.
October 4 -
Decreasing risk appetite may slow CMBS issuance, but some investors are returning to the B-piece market after spread widening, according to a Standard & Poor's report.
October 4 -
Christopher Ezbiansky has joined Guy Carpenter & Company as managing director and head of GC Securities, M&A Advisory - Americas.
October 4