Even as CMBS financing is slowly regaining form, with anticipated issuance of up to $40 billion this year, practices that contributed to the last downturn are slowly creeping back into the picture. This is a topic that was discussed at the CRE Finance Council's June convention in New York.
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Federal regulators are seeking input on new options for selling foreclosure properties owned by the government sponsored enterprises and the Federal Housing Administration (FHA).
August 11 -
As ASR reported on Aug. 1, Kroll Bond Rating Agency (KBRA) is requesting comment for its rating approach for individual RMBS transactions.
August 11 -
Researchers at some firms were recommending overweighting agency MBS Wednesday morning, saying relative yield advantages and the likelihood of continued tight underwriting could outweigh negative convexity concerns as more market turbulence continued to drive rates lower.
August 10 -
Standard & Poor's downgrade of U.S. debt last week is likely to hasten the replacement of credit ratings within bank regulatory requirements.
August 10 -
The Senate Banking Committee is looking into Standard & Poor’s downgrade of U.S. debt, a committee aide said Tuesday. The committee is gathering information on the rating agency’s action, the aide added.
August 10
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Capital One Financial Corp. has taken the second step that had seemed inevitable.The McLean, Va., bank has agreed to buy the monoline U.S. credit card and private-label credit card businesses of HSBC for a $2.6 billion premium, according to press releases issued Wednesday by Capital One and HSBC. That is an 8.75% premium for the roughly $30 billion card portfolio, the releases said.
August 10 -
With Bank of America dangerously weighed down by costly acquisitions, its longstanding contention that it could jettison its troubled mortgage unit Countrywide must hold considerable appeal within the company's executive offices.
August 10 -
Spurs Capital is coming to market with two small loan pools: a $25 million package of performing/sub-performing product, and $20 million worth of nonperforming mortgages.The offering circular is expected to reach interested investors some time on Wednesday, said one official.
August 10 -
Bank of America is trying to sell a $10 billion chunk of Freddie Mac mortgage servicing rights, after failing to unload a larger $50 billion package of MSRs, according to industry officials.
August 10 -
The Obama administration is seeking ideas from market participants on how Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) can employ bulk sales of foreclosed homes, turning these units into rentals that will help stabilize local housing markets.
August 10 -
The Carlyle Group said today it recently added $1 billion in new CLO assets under management.
August 10 -
Highland Capital Management has been appointed the manager of a $243 million CLO previously managed by CypressTree Investment Management.
August 10