Finance

Allonhill, Denver, recently laid off roughly 10 full-time appraisers because of a cutback by one of its mortgage clients, according to industry officials close to the matter.

Proceeds will refund the state’s $757 million tobacco securitization that sold last November to help the state wipe out a budget deficit.

Moody's has launched its unpublished monitored loan rating or UMLR service in the U.S. Its CLO methodology will treat the ratings under UMLR as identical to the agency's published ratings.

Multifamily and commercial mortgage loan provider Greystone has formed the Greystone Bassuk Group, a joint venture with The Bassuk Organization.

While Fannie Mae and Freddie Mac remained trapped in federal conservatorships, the two still dominate the mortgage market and little has been done to revive private lending. But that could be changing.

View the year-to-date manager rankings for the different ABS sectors, including real estate, credit cards and autos.

In the wake of Hurricane Sandy, delinquency rates are expected to rise in RMBS deals.

Speakers at information Management Network's ABS East who tackled the housing market harped on two topics hampering the comeback of private-label RMBS issuance.

One speaker at Information Management Network's ABS East detected a potential bubble forming in the auto subprime segment.

Speakers on a panel at Information Management Network's ABS East excpressed confidence that ABS pros will come around to the potential of environmental and social investing.

The fiscal cliff facing our government at the end of the year was probably the most chilling macro-economic risk that ABS East panelists discussed.

It’s taken several years and rock-bottom interest rates, but more and more investors are eyeing the riskiest tranches of CLOs, known as the equity.

Investors in RMBS that buy mortgages previously serviced by a firm that has

Issuers of covered bonds are making new inroads into the U.S. market

Reporting on the hurricane’s potential impact in the securitization world, Nora Colomer cited CoreLogic’s estimate that nearly 284,000 homes in the Mid-Atlantic region, valued at about $87 billion, were at risk of property damage.

Because of storm damage, many loans currently hedged in pipelines will ulti

Walter Investment revealed that it will take control of $50.4 billion of Fannie Mae mortgage servicing rights when the Residential Capital Corp. deal closes.

The decision to delay the implementation date on Basel III capital rules could be a game changer for the residential mortgage servicing business–or maybe not.

The decision means that the company must now prepare to go to trial to defend itself against allegations by the Federal Housing Finance Agency of wrongdoing in its sale of RMBS.

This week came alive on Wednesday as investors responded to the re-election of President Barrack Obama and the October prepayment reports released late afternoon on Tuesday.