Freddie Mac's issuance of mortgage-backed securities rose 10% in June after falling nearly 9% in May, according to the government-sponsored enterprise.
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The securitization pike is filling up with deals from the various assets classes, including autos and equipment ABS.
September 12 -
Mexican non-bank institutions known as sofols and sofoms continue to see extraordinarily high delinquencies in their RMBS deals, according to a recent report by Fitch Ratings. Deals among these originators have seen 180-day-plus delinquencies as high as 40%.
September 12 -
Bank of America Corp. chief executive Brian Moynihan promised investors he would save $5 billion in costs, but was otherwise scarce on details during a much-anticipated speech on Monday.
September 12 -
CLO issuance could return this month after volatility slammed the breaks on activity in August, Standard & Poor's said in a research report Monday. The pipeline is backed up to the tune of about $5 billion, spread among 13 deals.
September 12 -
The American Securitization Forum (ASF) is opposing the creation of a board by the Securities and Exchange Commission (SEC) that would choose which rating agency is allowed to new-issue securitizations.
September 12
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CarMax filed a prospectus supplement to issue a deal backed by a pool of motor vehicle retail installment sale contracts.
September 9 -
Goldman Sachs and Citigroup plan to reignite their CMBS offering, according to a Dow Jones report.
September 9 -
Obama administration officials have identified several constraints on the HARP program – including mortgage buyback risk – that are keeping Fannie Mae and Freddie Mac seller/servicers from refinancing underwater borrowers.
September 9 -
MGIC is in discussions to sell its eMagic unit as well as its Myers Internet business, a company spokeswoman confirmed.
September 9 -
Morgan Stanley this week took bids on its residential servicing division, Saxon Mortgage, Ft. Worth, Texas, which holds $28 billion of contracts on its books, according to M&A officials.
September 9 -
BNP Paribas Securities Corp.has joined CME Group to clear credit default swaps, futures and over-the-counter (OTC) interest rate swaps.
September 9 -

