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Broker dealer BTIG has started a fixed income group and hired recently departed executives from UBS and Citigroup. The firm has hired Jon Bass and John Purcell as co-heads of global fixed income.
February 2 -
Manager Activity: AutosFull Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market
February 2 -
Discover Financial Services said a forthcoming Federal Reserve Board program designed to revive issuance of ABS is "of very high interest" to it.
February 2 -
The Federal Reserve Board may be running into a natural barrier to its ability to bring down mortgage rates, according to analysts at UBS.
February 2 -
Lehman Brothers Holdings which filed for bankruptcy protection back in the fall has been shopping around its Alt-A servicing division in recent months but with no takers.
February 2 -
Adjustable-rate mortgage lending fell sharply last year as the initial payment savings disappeared, according to a survey by Freddie Mac.
February 2 -
Commercial mortgage banker Walker & Dunlop (W&D) of Bethesda, M.D., and a sister company that specializes in Freddie Mac multifamily loans, has agreed to merge with Column Guaranteed, a unit controlled by investment banker Credit Suisse (CS).
February 2 -
The Federal Reserve purchased nearly $70 billion of GSE MBS during the first month of its special initiative to lower loan rates and help stabilize the residential finance market.
February 2 -
Genworth Financial Home Equity Access, Richmond, Va., a reverse mortgage lender once known as Liberty Reverse Mortgage, is expanding its wholesale lending operations.
February 2 -
Shares for troubled Belgian bank KBC suffered heavy losses this month amid concerns about the bank's exposure to fragile emerging markets as well as its need to raise fresh capital.
January 31 -
The ABS market remained quiet last week as participants were still waiting for further details about the Federal Reserve's Term Asset-Backed Securities Loan Facility (TALF).
January 31 -
The European Central Bank (ECB) published adjustments of risk control measures for newly issued ABS.
January 31 -
The U.K. government has changed its direction for nationalized Northern Rock's portfolio.
January 31 -
Moody's Investors Service predicts that structured finance activity in the new markets of Europe, the Middle East and Africa (EMEA) will be hampered for some time.
January 31 -
The Latin American storyline shifted last year as the gangrenous financial crisis spread from the countries where it sprang forth to the periphery. For the first half of the year, talk in the region was of resilience and differentiation from the credit-mad developed world. In the second half, and especially the last quarter, the rhetoric swirled around how far contamination will reach and which sectors are most vulnerable to a drop in asset quality.
January 31 -
Early-week volume into Wednesday was modestly below normal. This was because the Chinese New Year celebrations kept overseas investors quiet and the market waited for the Federal Open Market Committee's (FOMC) Wednesday statement.
January 31 -
Despite the current tumult in the securitization market, the American Securitization Forum's (ASF) upcoming yearly gathering is set to be well-attended.
January 31 -
Capital rules applying to the Federal Home Loan Banks will be divided into four classifications under an interim final rule the Federal Housing Finance Agency (FHFA) issued Tuesday.
January 31 -
Despite staving off an immediate failure of one of the Detroit Big Three auto dealers with $17.4 billion from the Troubled Asset Relief Program (TARP), doubt remains over these firms' long-term viability.
January 31 -
For CLO managers, watching the declining performance of their underlying collateral has been about as much fun as a Tijuana jail. And it doesn't look like they'll make bail anytime soon.
January 31
