Finance

BNP Paribas launched its first index on triple-A rated, U.S. dollar-denominated covered bonds from issuers globally.

Russell filed on July 29 a registration statement with the Securities and Exchange Commission (SEC) for Russell Core Fixed Income ETF.

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.

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.

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.

Last night Moody's Investors Service confirmed the U.S. 'Aaa' government bond rating, although the agency maintained a negative rating outlook.

The raising of the debt ceiling helped rein in widening on the agency MBS front this week.

Home prices increased by just under 1% in June from the prior month, marking the third consecutive monthly increase, according to new figures compiled by CoreLogic, Santa Ana, Calif.

Mortgage applications rose 7.1% in the week ending July 29 with both purchase and refinancing activity higher.

Federal officials should go easy on overriding state sovereignty by changing foreclosure laws without a legislative mandate, former U.S. Department of Urban Development (HUD) general counsel Robert Couch told a Senate panel on Tuesday.

A recent federal appeals court decision is likely to cause the delay of dozens of pending Dodd-Frank Act regulations.

The Senate nomination hearing for Richard Cordray, who's tabbed to become the first director of the Consumer Financial Protection Bureau (CFPB), has been postponed until Sept. 6.

The ABS market is seeing autos dominate the market again with two deals from GE and Hyundai Capital America (HCA).

Barclays Capital promoted its head of European leveraged to cohead of EMEA leveraged finance, ASR sister publication Leveraged Finance News has confirmed.

Walker & Dunlop named Michelle Warner and Edward Williams as co-heads of its FHA finance division. They will be responsible for all aspects of the Federal Housing Adminstration (FHA) finance program.

The Mortgage Bankers Association (MBA) fears that when the Federal Housing Finance Agency (FHFA) finally unveils its servicing fee structure proposal it will contain just one compensation model, and is appealing to the agency to include more.

Fannie Mae purchased $41.4 billion of home mortgages from its seller/servicers in June, its best purchase month of the second quarter, and a sign that originations in the primary market may be on the upswing.

A scholarship fund in Bingham McCutchen partner Edward Gainor’s memory has been established by the law firm at his alma mater The George Washington University (GWU) Law School. Gainor died July 22 of a heart attack.

CarMax Business Services via its CarMax Auto Funding yesterday filed an amendment to an S-3 filing it submitted with the Securities and Exchange Commission (SEC).

The 30+ delinquency rate on CMBS shot up in July to a record 9.88%, according to a report by Trepp. This comes after two consecutive declines in the delinquency rate in May and June.