When Bank of America Corp. said it would unload the servicing of its most troubled Countrywide mortgages as part of a proposed settlement with bondholders, the surprise wasn't that they doubted the bank could do the job.
-
Tobacco bonds have been on the defensive for several years now as the number of smokers dwindles. But for some yield-addicted investors, tobacco bonds are now seen as a buying opportunity despite their risks.
August 24 -
Mortgage applications slipped 2.4% in the week ending Aug. 19 with both refinancing and purchase activity lower.
August 24 -
Bank of America as well as the three surviving mortgage insurance holding companies were taking it on the chin from investors even though the Dow Jones Industrial Average was up 199 points at noontime on Tuesday (and over 200 points up earlier in the day).
August 23 -
New home sales came in at an annualized rate of 298,000 units in July, a slight decline from the prior month, and a sign that ultra low mortgage rates are still not moving sales off their Depression levels.
August 23 -
Gleacher & Co., which is exiting the equities business after a strategic review, is concentrating instead on efforts that include a continuing build-out of its conforming/Jumbo origination unit aimed at complementing its fixed income sales and trading platform.
August 23
-
Auto loan delinquencies continued to shrink in the second quarter, outpacing expected seasonal declines, TransUnion said Tuesday.
August 23 -
American Home Mortgage Servicing (AHMSI) has filed a lawsuit in District Court in Dallas County against Lender Processing Services (LPS) and its affiliate DocX to recoup millions of dollars in claimed losses.
August 23 -
Springleaf Financial is reportedly prepping a $292 million RMBS backed by subprime loans that were originated in the past few years, according to a Dow Jones report.
August 23 -
As if the stock market's wild vacillations in the past few weeks weren't evidence enough that few have a firm hold on the U.S. economy's near- and long-term outlook, Fannie Mae this week issued an analysis that says the likelihood of a dreaded double-dip recession is now a 50/50 proposition.
August 23 -
The Obama administration is looking at creating a major refinancing program to help the housing market and give the economy a jolt, according to industry officials.
August 23 -
An Australian CMBS issued by building society IMB called Illawarra Series 2011-1 CMBS Trust is in the market. The A$202.56 ($ 212.68) transaction is the third CMBS for the issuer.
August 23 -
London-based financial advisory firm Rothschild has taken over the CLOs of Elgin Capital.
August 23