A federal regulator's decision to kick mortgage real estate investment trusts out of the Federal Home Loan Bank System does not seem to be alarming Two Harbors Investment Corp., which will be forced to exit within five years.
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The Depository Trust & Clearing Corp. and Digital Asset Holdings are targeting the repurchase agreement market as the latest use case for a blockchain solution.
March 30 -
A growing number of ABS professionals expect credit quality to decline and underwriting standards to tighten this year, according to a survey released Tuesday by Capital One Bank.
March 29 -
The Dolphin Master Issuer Series 2016-1 is a Class A-only notes structure, which has been assigned a AAA structured rating by Standard & Poors.The notes, for which ABN has no new assets in the collateral pool, are paying off the principal on three outstanding Dolphin issues.
March 29 -
Subprime consumer lender Avant currently rejects many of its personal loan applicants. It hopes to qualify more borrowers by offering cash to those who are willing to put their cars up as collateral.
March 29
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Buyers of broadly syndicated corporate loans currently have an incentive to drag their feet closing trades; they will soon pay a hefty price if they dont do their part. The reform should help lenders get assets off their books faster.
March 28
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Freddie Mac has obtained new insurance policies under its Agency Credit Insurance Structure (ACIS) program.
March 28 -
Deutsche Bank and JPMorgan are marketing $818 million of commercial mortgage bonds, with heavy exposure to New York City, according to Fitch Ratings.
March 28 -
Issuance volume of asset-backed securities for the year through March 25, 2016.
March 28 -
Underwriting league tables for asset-backed securities for the year through March 25, 2016,
March 28 -
Five policy heavy-hitters issued a proposal last week to merge Fannie Mae and Freddie Mac into a single government corporation as a way to move beyond the conservatorships of the two government-sponsored enterprises.
March 28 -
There’s no doubt that competition is spurring subprime auto lenders to stretch their underwriting guidelines for new customers, which could lead to another bust. In February, 5.16% of securitized subprime auto loans were at least 60 days past due, according to Fitch Ratings. That slightly exceeded the level of late payments at the height of the Great Recession. Here’s a guide to who’s doing what.
March 24
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JPMorgan Chase has packaged a highly concentrated portfolio of five office, hotel and retail property mortgages totaling $337 million.
March 24
