Finance

When the largest lender –by far – in a mortgage niche exits the sector it usually signals that trouble is afoot. But according to the head of the National Reverse Mortgage Lenders Association (NRMLA), Wells Fargo’s exit from the reverse business is not a death knell.

The Federal Deposit Insurance Corp. (FDIC) is preparing $2 billion worth of structured asset sales that will hit the market shortly, a top agency official said Thursday.

Continuing its string of new hires, Barclays Capital has appointed Kenneth Rosenberg as part of its securitization syndicate team.

The Japan-based mobile telecommunications carrier called Softbank Mobile Corp. is marketing JPY 5.126 billion ($64 million) of senior trust certificates that are backed by handset installment sales receivables.

Like every sector in the European securitization market, CLOs are struggling with the onslaught of regulation.

Favorable regulatory treatment for the covered bond sector in Europe has spurred its growth. said panelists at the Global ABS 2011 conference held this week in Brussels.

Buysiders speaking at an investor roundtable panel said that understanding ABS collateral is key to structured finance recovery.

Despite the overall struggles and uncertainty of the mortgage industry in recent years, mortgage real estate investment trusts (REITs) enjoy a unique advantage over both banks and other non-bank entities, according to a report by Morrison Foerster.

Recent data on macroeconomic forces in the market, such as lower than anticipated GDP and consumer confidence, have and will continue to play a large part in redefining expected future growth in commercial real estate, said panelists speaking at the CRE Finance Council's (CREFC) annual June convention in New York City.

At one of the panels at the Global ABS 2011 conference being held in Brussels this week, participants discussed the new data disclosure requirements from the European Central Bank (ECB).

There remains value in certain European ABS sectors despite their risk profile, said panelists at the Association for Financial Markets in Europe’s (AFME) and the Information Management Network’s Global ABS 2011 conference being held in Brussels this week.

The CRE Finance Council today announce the appointment of Jack M. Cohen as President of CREFC.

The epic destruction wrought by the Japanese earthquake and tsunami last March should not have a direct effect on the credit quality of Japanese REITs (J-REITs), Standard & Poor’s said in a report.

Sapient Global Markets and Standard and Poor’s Valuation and Risk Strategies (S&P VRS) announced their formal partnership in a statement today.

Moody’s Investor Service called for increased disclosure of both the type and volume of U.K. loan modifications and arrears capitalization.

Barclays Capital economists have revised their projections for the European Central Bank (ECB) base rate and now expect a 25 basis point rate increase in July, taking the policy rate to 1.50%. The ECB also said that another 25 basis point rate hike is likely in December.

Recent Fitch Ratings’ “unsolicited assessment” of the DECO 2011-CSPK CMBS deal is an example of the harsh penalties sponsors face for ‘rating shopping’, Royal Bank of Scotland (RBS) analysts said in a recent report.

The second half of 2011 will bring a very active RMBS issuance pipeline for public and private placement, although this will focus on existing markets, according to Neil Shah, managing director and head of Moody’s Investors Service RMBS business in Europe, the Middle East and Africa (EMEA).

The rating performance of European small and medium-sized enterprise (SME) securitizations during the economic crisis are congruent with the macroeconomic environment, said a Moody's Investor Service report.

Lender Processing Services, Inc. has appointed Joe Jacquot as senior vice president of Government Affairs.