Finance

The Securities Industry and Financial Markets Association (SIFMA) recommended that fixed-income markets be open tomorrow, Wednesday, Oct. 31, for the trading of U.S. dollar-denominated fixed-income securities in the U.S., according to a statement published on the association’s Web site.

Downgraded European sovereigns saw ratings on their covered bonds lowered at levels ten times higher than those from more stable European sovereigns, according to a Moody's Investors Service special comment published today.

Travelers Capital Corporation has arranged long term non-recourse financing for the acquisition of the Raging River hydroelectric power facility on North Vancouver Island, for Aquila Infrastructure Management.

Interactive Mortgage Advisors is sending out for auction a $370 million package of servicing rights backed by Ginnie Mae loans.

Both large and small banks protested a June proposal that would implement the Basel III accord by forcing financial institutions to hold more and higher-quality capital.

Oliver Wyman's valuations of the troubled RMBS and CLOs held by Spanish banksprovide a benchmark on what sort of losses securitised transactions face, said analysts at the Royal Bank of Scotland.

However, the government housing programs have limited credit implications in terms of French RMBS and covered bonds, Moody's Investors Service said.

S&P downgraded 242 ratings during 3Q12, for a 1.9 upgrade-to-downgrade ratio, dropping from the record ratio of 3.3 in 2Q12.

Hurricane Sandy is likely to affect coastal and some inland regions of several states, but analysts at Standard & Poor's said today that it was still too early to gauge the effects on residential and commercial real estate.

LPS has reached a settlement with the Colorado Attorney General that concludes the State's investigation of the former document execution practices by LPS units,

Once the Consumer Financial Protection Bureau finalizes several mortgage rules in January, the bureau should be prepared to provide timely guidance on implementation issues, according to three industry groups.

The national two-year default rate went up to 9.1% for the most recent cohort, increasing from 8.8% for the 2009 cohort.

NorthStar Realty Finance Corp priced its $351 million CMBS transaction, 2012-1, at a weighted average coupon of LIBOR + 1.63%, amid concerns, cited by Fitch Ratings, that the structure's triple-A bond lacks sufficient credit enhancement.

Bank of America Merrill Lynch said in a report on Friday that half of all outstanding CMBS conduit loans set to mature over the next five years, would be able to refinance successfully.

It appears that the days of the U.S. Treasury Department doling out money to Fannie Mae and Freddie Mac are just about over, according to a new report from the Federal Housing Finance Agency (FHFA).

Citigroup Global Markets analysts said that they expect a spurt of regulatory activity after the Nov. 6 presidential elections.

Bank of America Merrill Lynch analysts maintain their positive view on student loan ABS given recent reports showing trends that can reduce headline risk in the sector.

Based on volume, this week was one of the quietest weeks since July with many securitization participants were away attending two major conferences through part of the week.

Deutsche Annington agreed to final terms for a refinancing of GRAND, a German mutifamily CMBS transaction, with a group of senior and junior noteholders representing 44% of the total.

Ally has “launched a process to explore strategic alternatives for its agency mortgage servicing rights portfolio and its business lending operations.”