REITs certainly don’t have the presence in the residential mortgage market they did before the downturn but according to a Keefe, Bruyette & Woods report last week, there are still a good 15 publicly traded ones out there, some of which investors may want to keep an eye on in terms of their potential ability become bigger contenders in the space.
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RBC Capital Markets has hired three bankers for loan capital markets and European sponsor coverage, according to the bank.
July 26 -
Citigroup has offered to buy the Dryden VI-Leveraged Loan CDO 2004.
July 26 -
The Federal Deposit Insurance Corp.(FDIC) is prepping a new $367.9 million securitization deal that will be managed by the Royal Bank of Scotland, according to a Reuters report.
July 26 -
New home sales fell 1% in June as demand for newly constructed units remained stuck in a low range during the traditional spring buying season.
July 26 -
Home prices rose 1% in May compared to April, and 16 of 20 metropolitan areas tracked by the Standard & Poor's/Case-Shiller house price index (HPI) registered monthly price gains.
July 26
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Massachusetts Attorney General Martha Coakley told the state's Register of Deeds Association that she will not sign a multistate settlement with large mortgage servicers that includes a widespread release of liability for claims against the Mortgage Electronic Registry Systems (MERS).Responding to a letter from Massachusetts’s 13 county and eight state-run regional registries, Coakley said her office continues to investigate whether servicers and investors conducted unlawful foreclosures with their reliance on MERS, the system used to track promissory note ownership of the majority of U.S. residential mortgages.
July 26 -
Manhattan Capital Markets (MCM) has hired Bill Berliner as an executive vice president and head of its advisory services unit. Berliner is the Principal of Berliner Consulting & Research.
July 26 -
CDR rates were relatively flat in July, with only one index posting a decrease of 1.2 points, while loss severities rose by an average of 1.5 points across all indices, according to a recent report by Bank of America Merrill Lynch.
July 26 -
Turkey’s debut covered bond consists of three tranches pricing between 200 basis points and 250 basis points over Euribor, a spread that will be swapped into a Turkish rate for originator Sekerbank at the time of the closing, said Huib-Jan de Ruijter, director of financial markets at Dutch development bank the FMO, one of the investors in the deal.
July 26 -
Capital Business Credit (CBC) has hired Peter Provenzale as a senior business development officer and senior vice president in its asset-based lending division.
July 26 -
The Financial Industry Regulatory Authority (FINRA) has fined SunTrust Robinson Humphrey and SunTrust Investment Services a total of $5 million for failing to disclose the risks of auction-rate securities when underwriting and selling them.
July 26 -
All sectors of the commercial real estate market showed signs of stabilization or slight improvement in 1Q11, according to Moody’s Investors Service Red-Yellow-Green quarterly property assessment.
July 26