Finance

Moody's Investors Service has assigned provisional ratings for the Class I-A-1 and Class II-A-1 Tax Lien Asset-Backed Passthrough Certificates, Series 2010-1, which is issued by Tax Liens Securitization Trust 2010-1.

Freddie Mac has again extended deadlines for borrowers who sought alternative loan modifications after dropping out from the government's Home Affordable Modification Program (HAMP).

WestLB selected Quantifi’s Credit Valuation Adjustment (CVA) pricing tool, Quantifi CVA, for accurately pricing and hedging the counterparty risk of new trades and existing portfolios.

The nation's GSE regulator Wednesday voiced his concern about the slow pace of seller/servicers repurchasing problem loans from Fannie Mae and Freddie Mac, singling out the nation's megabanks for their poor performance in this area.

The American Securitization Forum (ASF) said its likely that the Federal Deposit Insurance Corp. (FDIC) will extend the interim Safe Harbor.

The Treasury's point man on GSE reform said Wednesday that the Obama White House will not propose any changes to government guarantees backing Fannie Mae and Freddie Mac MBS for fear of hurting the liquidity and functionality of the U.S. mortgage market.

Fitch Ratings released its global rating methodology for rental fleet ABS. Its criteria addresses and mitigates key risks present in rental fleet ABS deals, which include counterparty risks such as the bankruptcy of the rental fleet firm and of any major manufacturer supplying vehicles to a securitized vehicle fleet.

BB&T Corp. cautioned that it could experience "elevated charge-offs" in the third quarter as it gets more aggressive in disposing of bad loans.

Both refinancing and purchase activity declined in the holiday shortened week ending Sept. 10 even as mortgage rates slipped lower, according to the Mortgage Bankers Association (MBA).

Markit will be providing liquidity metrics and composite liquidity scores for European ABS and leveraged loans that are covered by its pricing services, according to a release from the firm.

The Treasury Market Practices Group (TMPG) just issued new best practice recommendations for trading and settlement in the Treasury, agency debt, and agency MBS markets.

The CRE Finance Council and a coalition of commercial real estate (CRE) groups sent a letter to Committee Chairman Chris Dodd (D-Conn.) and Ranking Member Richard Shelby (R-Ala.) that supported the place of covered bonds in the country's financial markets.

Although the Basel Committee on Banking Supervision provided clarity on new international capital standards this weekend, the panel left some crucial questions unanswered, including how it plans to calculate certain requirements for the most systemically risky institutions.

Although refinancing has continued to be muted given all the post-downturn market conditions that counteract today’s rates, reaction to recent prepayment reports show some speeds are still surprising to the upside in some cases.

The Royal Bank of Scotland (RBS) is looking to get back into the U.K. RMBS sector with a deal from its resurrected master trust structure called Arran, according to market reports.

LRG Capital Real Estate Partners plans to launch a new fund targeting institutional investors.

Macquarie Group said it acquired 100% of the membership interests in Presidio Partners, a real estate private capital raising and advisory company based in the U.S.

Bank of America Corp., the nation's largest servicer of home mortgages, should repurchase up to $20 billion of loans that were based on wrong or missing information, according to a bond insurer trade group.

Independent mortgage banking firms earned an average profit of $917 per loan originated in the second quarter, a 51% increase from the first quarter as production volumes increased and personnel costs fell.

Mexican state agency Infonavit is nearly out with its third RMBS this year for 1.3 billion inflation indexed units ($422 million). The deal is due to price Sept. 10.