Regulators must test the markets to see if the private label market can absorb the business that might come from reducing GSE conforming loan limits, said Martin Hughes, president and chief executive officer at Redwood Trust, today. Hughes made these remarks while testifying in front of the U.S. Senate hearing on the state of the securitization markets.
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A new report by Bank of America Merrill Lynch examines the credit burnout phenomenon and its potential to allow underwater, but not yet delinquent, borrowers to demonstrate their creditworthiness.
July 6 -
American Banker sat down for an extensive exit interview with FDIC Chairman Sheila Bair, who will leave office on July 8. Following is an edited transcript.
July 6 -
With the Dodd-Frank Act and Basel capital regime already imposing new requirements on derivatives players, the U.S. bank regulators added another one Tuesday completely of their own accord.
July 6 -
The Federal Housing Administration (FHA) is considering tightening borrowers' debt-to-income ratios, a move that would prevent the most highly leveraged consumers from qualifying to buy a home.
July 6 -
Brokerage firm Laeken International plans to enhance its fixed-income and structured finance products focus by establishing a structured finance strategy and analytics team.
July 5
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Bank of America Merrill Lynch analysts in a report released yesterday referred to Markit’s iBoxx European ABS index as a “useful tool” in benchmarking and in comparing ABS to other asset classes.
July 5 -
The loan default rate remained at a historic low in June, according to a report issued today by Standard & Poor’s Leveraged Commentary and Data.
July 5 -
When Bank of America Corp. announced its MBS settlement last week, the company warned that activist investors would likely fight it. It was right.
July 5 -
When asked about the still-struggling nonagency market might return, some market participants in New York for the Mortgage Bankers Association’s National Secondary Market Conference even took on the controversial question of whether a subprime credit secondary market should come back some day.
July 5 -
After several months of strong performance despite various economic upheavals, auto ABS gains may soon level off, according to a report from Fitch Ratings.
July 5 -
Ogier has opened an office in Shanghai, China in an attempt to increase its network and its presence across the globe, according to a press release by the firm.
July 5 -
The Private National Mortgage Acceptance Corp. plans to make a big splash in warehouse lending and late this week unveiled who will lead the effort -- Paul Szymanski, once a top warehouse executive at the number one player in that niche: Bank of America.
July 5