Finance

Striking a rare note of optimism in the structured finance market, Clayton Holdings is starting up a securitization group to help the private market prepare for the return of non-agency RMBS, the consultancy said in a release.

Reinstating trust in the ratings process is key to growing investor interest, according to buyside participants in a Tuesday panel at the ABS East conference hosted by Information Management Network.

At Information Management Network’s ABS East conference, the panelists who opened up the discussion Tuesday delivered a somber assessment of the economy.

The Collingwood Group hired Ray Romano as senior advisor, working with the firm to focus on risk management for consumer and multifamily mortgage products.

Fannie Mae's recently priced $577 million multifamily DUS REMIC highlights moves the agency is making to court an agency CMBS investor base that appears to be broadening as activity has subsided somewhat in the CMBS conduit market.

Assured Guaranty has sued DLJ Mortgage Capital and Credit Suisse, claiming breach of contract over $1.8 billion of MBS it insured.

Interactive Mortgage Advisors (IMA), Denver, is auctioning off a $57 million portfolio of bulk servicing rights for an undisclosed seller.

UBS Commercial Mortgage Securitization Corp. has filed a form S-3 with the Securities and Exchange Commission (SEC) to issue a CMBS transaction, according to filing made yesterday

CitiMortgage and the Department of Housing and Urban Development's Office of Inspector General (OIG) are at loggerheads over the proper way to vet at-risk borrowers for the Federal Housing Administration's (FHA) short sales program.

The Chicago city ordinance passed in August that requires securities trusts and servicers to pay for distressed property upkeep or face fines has caught on in other cities across the U.S., according to a client report put out by Dechert.

At the ABS East conference, organized by the Information Management Network, the message of ending the market’s over-reliance on ratings rang loud and clear.

There is a scarcity of investors at this year’s ABS East conference hosted by Information Management Network.

The stormy Miami weather at Information Management Network's ABS East conference on Monday was an apt metaphor for the problems facing the mortgage market.

Money managers are hoping pension funds and insurance companies will become big buyers of leveraged loans, picking up the slack from CLOs.

Loan servicer C-III Capital Partners has committed to put $10 million into commercial real estate services firm Grubb & Ellis Co. by investing in a line of credit issued earlier this year by Colony Capital.

Residential lenders issued $350.3 billion of Ginnie Mae MBS in fiscal year 2011, down 15% from the previous fiscal year, according to new figures released by the the agency.

Information and analytics provider CoreLogic and Amherst Holdings have jointly introduced Agency Prepayment Analyzer.

Markit has launched an index that tracks the aggregate return of roughly 100 of the most liquid dollar-denominated leveraged loans, the financial information services company announced today.

Master servicers have been instrumental in dealing with the robosigning debacle in existing securitization deals, said participants at Information Management Network’s ABS East Conference on Sunday.

When it comes to bond pricing, one message that rang out clear at Information Management Network’s ABS East Conference on Sunday: investors need to do their own homework and make sure they know what’s behind the valuation tools they employ.