Finance

A court document shows the agreed upon schedule for the discovery process and the hearings. The schedule specifies the dates and somewhat increases the timing certainty, Barclays said.

The deal is Highbridge's first CLO and includes a $200 million tranche expected to be rated 'AAA' by S&P and Moody’s.

Mark Foster will focus on legal issues surrounding real estate offerings.

The trust is backed by retail installment sale contracts of new and used Honda and Acura automobiles and light-duty trucks as well as new and used Honda motorcycles.

The insurer's net income improved to $376.5 million in 2Q12 from a net loss of $43.1 million in 2Q11.

The agency alleged that the banks misrepresented the quality of the loans underlying RMBS that Colonial purchased.

AG Mortgage Investment Trust plans to hold a public offering of 5,000,000 shares of its common stock to purchase more residential mortgage-backeds.

There was very limited economic news or other key events affecting MBS activity this week and July prepayments became a major influence on trading.

Credit card ABS quality improved moderately in 2Q12 despite the sluggish U.S. economy and the 8.2% unemployment rate, Standard & Poor's said in a report released yesterday.

Stern Agee predicted that if rates stay low MSR values will be “written down again” in the fall.

Though FHA's current book of business will perform much better than loans written before 2009, it may have recapitalized too quickly through higher premiums.

The deal's collateral was close to five years seasoned and included new origination 10-year product that usually forms part of Fannie's offerings.

The Consumer Financial Protection Agency (CFPB) Friday issued two proposed rules designed to make mortgage servicing more consumer friendly, giving borrowers advanced notice of interest rate adjustments and how to avoid costly forced-placed insurance.

Most of the trigger breaches arose in deals exposed to banks downgraded below ‘P-1.’

The Carlyle Group will back The TCW Group in a purchase that would garner roughly 40% interest from its Paris-based parent company.

The 30-year fixed rate averaged 3.59% for the week ending Aug. 9, up four basis points from last week.

The pilot program will be offered to roughly 500 distressed homeowners to keep them in their homes.

The changes considered tail risk and stressed the backend of structures, said S&P MD Vandana Sharma in a conference call today.

Standard & Poor’s warned that the entrance of new and lesser known special servicing operations can overcrowd the market and complicate the servicing process.

The REIT wants to service the GSE products through a subservicing firm called Cenlar.