Finance

In their latest U.S. Fixed Income Markets Weekly publication, JPMorgan Securities analysts examined the impact on CMBS of the potential Dewey & Leboeuf bankruptcy.

Jules Kroll, a corporate investigations pioneer whose namesake firm once pursued hidden assets linked to dictators Saddam Hussein and Jean-Claude Duvalier, relishes the idea of chasing down the major bond rating agencies: Moody’s Investors Service, Standard & Poor’s and Fitch Ratings.

Ginnie Mae wants to provide more loan-level data to its MBS investors so they can determine if the underlying mortgages were originated through a mortgage broker or some other third-party channel.

NXT Capital priced the senior, 'AAA'-rated tranche of a $308 million CLO at Libor plus 190 basis points, the middle market lender said Thursday.

Redwood Trust, the nation’s only active securitizer of Jumbo residential loans, posted stellar earnings of $30 million in the first quarter, a 66% jump from the same period a year ago.

The Federal Reserve just released a paper titled The Federal Reserve’s Portfolio and its Effects on Mortgage Markets. To access the full paper, please click here.

Silvermine Capital has appointed BNY Mellon Corporate Trust as trustee, collateral administrator, paying agent and calculation agent for its $450 million CLO.

The New York Federal Reserve today has started a competitive bid process in response to several strong reverse inquiries for holdings in the two Triaxx CDOs in its Maiden Lane III portfolio (ML III).

The increasing number of potential buyers of CMBS B-pieces is positive for issuance in the sector, according to an emailed note from Standard & Poor's this morning.

Nonbank trade groups are calling on the Consumer Financial Protection Bureau (CFPB) to narrow the definitions it will use to determine which nonbanks will be subject to federal supervision.

Home Loan Servicing Solutions (HLSS), a Grand Cayman-based company that was spun off of Ocwen in a Feb. 29 IPO, reported net income of $1.3 million for the first quarter.

Clean Power Finance, Morgan Stanley unit MS Solar Solutions Corp and Main Street Power Co. have announced the creation of MySolar, which is a residential solar lease facility that will offer funding for up to $300 million in projects.

Freddie Mac began purchasing Home Affordable Refinance Program (HARP) 2.0 loans in January and by the end of the first quarter had acquired $5 billion of these refinances, according to the company’s first-quarter securities filing.

Independent third-party review firm Allonhill hired Maria Sedlack as director of investor relations management.

The debate on “principal forgiveness” goes on. Policymakers from Treasury secretary Timothy Geithner to numerous members of Congress are urging lenders and mortgage servicers to reduce loan balances to help homeowners remain in their houses and prevent additional foreclosures, given the fact that 12 million homeowners are “underwater” on their mortgages and in danger of defaulting.Even Christine Lagarde, the head of the International Monetary Fund, has called on the U.S. government to reduce mortgage debt “as a way to help revive that nation’s economy and stimulate growth in the wider industrialized world.”

Freddie Mac reported new record lows set on 30- and 15-year fixed mortgage rates as well as on one-year ARM rates for the week ending May 3.

GE Capital Corp., through its unit CEF Equipment Holding, has filed an S-3 with the Securities and Exchange Commission (SEC) to issue ABS. To access the full SEC filing, please click here.

Bond insurer Ambac Assurance Corp. on Monday requested to withdraw from a legal case for an $8.5 billion settlement with Bank of America concerning MBS.

The Federal Housing Finance Agency (FHFA) late Tuesday revealed that it gave Fannie Mae the green light to conduct a pilot program with Wells Fargo in March 2010 to test principal reduction modifications.