GTP Acquisition Partners is offering the Class C and Class F notes of Secured Tower Revenue Notes, Series 2011-2. Moody’s Investors Service has assigned provisional ratings of 'A2 (sf)' to the $490 million Class C notes and 'Ba3 (sf)' to the $155 million Class F notes. The offering is backed by wireless towers.
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Buoyed by gains in mortgage-servicing revenue, Ocwen Financial Corp. in Atlanta reported net income of $26.4 million in the second quarter, up 65% from the $16 million it earned in the same quarter last year.
August 4 -
John Deere has filed an S-3 with the Securities and Exchange Commission (SEC) to issue an ABS transaction.
August 4 -
Pending U.S. risk retention regulations require "careful navigation" by securitization market participants, according to a Fitch Ratings report.
August 4 -
Don’t count Bill Gross, managing director of the giant investment management firm PIMCO, among those expressing relief at the government’s recent debt ceiling compromise or any subsequent package of budget cuts that may materialize over the next 10 years.
August 4 -
With the likelihood of legislation to create a new housing finance system increasingly remote, the government should still take interim steps to transition away from a system built around Fannie Mae and Freddie Mac, industry representatives said Wednesday.
August 4
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Freddie Mac reported 30-year fixed mortgage rates averaged 4.39% with an average 0.8 point for the week ending Aug. 4, down 16 basis points from last week.
August 4 -
BMO Financial Group today said that BMO Capital Corp. will be transferred to BMO Capital Partners, a new group under BMO Bank of Montreal's corporate finance division.
August 4 -
BNP Paribas launched its first index on triple-A rated, U.S. dollar-denominated covered bonds from issuers globally.
August 4 -
Russell filed on July 29 a registration statement with the Securities and Exchange Commission (SEC) for Russell Core Fixed Income ETF.
August 3 -
Annaly Capital Management, one of the largest mortgage investing REITs in the U.S., posted net earnings of $120.8 million in 2Q11, compared to a loss of $218.2 million in 2Q10.
August 3 -
Global financial firms are in danger of drowning in the ocean of uncertainty that floats between the rhetoric of the G-20 and the reality of international regulation.
August 3 -
A new U.K. RMBS was announced this week. The deal, which will be rated by Moody's Investors Service and Fitch Ratings, securitizes a pool of prime residential owner-occupied mortgages originated in the U.K. by Principality Building Society (PBS). This is the first residential owner-occupied passthrough RMBS transaction from PBS.
August 3