Democratic Rep. Gary Ackerman plans to introduce legislation aimed at jumpstarting the housing market by providing two new enticements to homebuyers.
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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
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Dynex Capital, Inc. announced today its will refinance approximately $74.2 million in collateralized financings with repurchase agreement financing in order to take advantage of the lower interest rate environment and reduce its overall borrowing costs.
October 4 -
RiskSpan has released its proprietary independent pricing service, which provides daily pricing for the universe of structured products and mortgage assets.
October 4 -
The FHFA released a report on Tuesday acknowledging that Fannie Mae had been aware of foreclosure-related abuses as early as 2003, well before the previously-reported time frame.
October 4 -
October set off to a promising start for the European securitization market with the launch of U.K. Building Society, Nationwide's RMBS deal from its Silverstone Master Trusts.
October 4 -
First Investors is in the market with FIAOT 2011-2, a $150 million auto securitization.
October 4 -
Finacity Corporation and Norddeutsche Landesbank Girozentrale (NORD/LB), announced the addition of German and Canadian receivables to an existing securitization for the Manitowoc Company, Inc.
October 4 -
While the effective demise of settlement talks between the state attorneys general and the top mortgage servicers has its downsides, it may ultimately turn out to be a good thing for banks.
October 4