Finance

House speaker Nancy Pelosi is urging the Department of Justice (DOJ) to launch an investigation into the handling of delinquent mortgages, loan modifications and foreclosures by banks for possible violations of laws and regulations.

Principia Partners, announced its integration of Intex performance data into the Principia Structured Finance Platform (Principia SFP).

Moody's Investors Service is giving the Federal Deposit Insurance Corp.'s (FDIC) new "Safe Harbor" rule the thumbs-up due to the protections private-label MBS investors can rely on if the issuing bank fails.

Various changes have occured throughout the crisis in terms of the ABS investor base, according to speakers at this week’s Information Management Network ABS East conference.

United Capital Markets CEO John Devaney showed ABS market participants at Information Management Network’s ABS East conference that he knows how to throw a great party.

Some panelists were optimistic while others were a little bit more guarded on the future of securitization at this week’s Information Management Network ABS East conference.

KGS-Alpha Capital Markets added three new regional sales offices in Fort Lauderdale, Florida; Reston, Virginia and Chicago, Illinois.

The Receivables Exchange, an online marketplace for real-time trading of commercial receivables, launched its corporate auctions program.

Starwood Capital Group hired a team of seasoned to drive the growth of its commercial real estate finance company, Starwood Property Trust.

United Capital Markets (UCM) is hosting tonight's concert and cocktail party that headlines Big Head Todd and the Monsters at Information Management Network’s (IMN) ABS East conference.

Expanding QE into Treasurys could cause general yield levels to decline by around 25 basis points, which could raise the pace of the Federal Reserve portfolio runoff from $25 to $30 billion per month up to $40-45bn in the short term, according to JPMorgan Securities analysts.

Ally Financial has completed the sales of its European mortgage assets and operations to Fortress Investment Group, effectively exiting the European market.

Speakers at the Information Management Network’s (IMN) ABS East conference discussed the role of securitization in boosting the country’s economy. The IMN gathering is being held in Miami Beach this week.

Analyzing credit risk in the RMBS sector has increasingly become more granular post crisis, said participants in yesterday afternoon’s panel at the Information Management Network’s ABS East conference. The gathering is being held this week in Miami Beach.

Anworth Mortgage Asset Corp., which buys MBS in the secondary market, reported a third quarter common dividend of $0.23 a share, an 8% reduction from the dividend declared in the second quarter.

ABN Amro priced its €3.9 billion ($5.3 billion) RMBS issue from its Goldfish Master trust program, according to market reports.

Manager Activity: Autos Book Runner Amount (US$ Mil) Rank Mkt.

As the U.S. grapples with staging a private-label mortgage market comeback, some analysts have pointed to the Danish mortgage market model as a possible solution.

Lewtan's ABSNet Loan HomeVal property valuations provide quite stark valuation differences on underlying properties of RMBS transactions relative to Federal Housing Finance Agency (FHFA), Case-Shiller 20 (CS20), and combinations of the two.

Rule 122a stipulates the main investor requirements with which banks have to comply. The regulation calls for these financial institutions to have formal procedures and operations in place to monitor - on an ongoing basis and in a timely manner - performance information on the underlying exposures in structured finance assets.