Securitization

Situational volatility has led some potential issuers in the esoteric space to opt out of structured finance and seek financing elsewhere, market sources said.

Holliday Fenoglio Fowler (HFF) arranged a $120 million refinancing for nine full-service hotels on behalf of Investcorp. These loans will later be securitized in an adjustable rate deal.

U.S. District Judge Mariana R. Pfaelzer of the Central District of California yesterday certified a class action lawsuit in a case against Countrywide. The suit accuses the mortgage lender of deceptive practices in the sale of MBS.

Lennar Corp. is proposing to sell $300 million in debt, and possible uses of the proceeds include purchasing distressed portfolios of mortgage loans and foreclosed real estate.

The ongoing foreclosure crisis is "not even halfway" over, according to a new Center for Responsible Lending (CRL) study that looked at mortgages originated between 2004 and 2008.

The Office of the Comptroller of the Currency (OCC) issued a report today regarding 12 mortgage servicers' compliance with consent orders issued last April 2011. These orders were meant to correct deficient and unsound foreclosure practices.

The private or non-guaranteed student loan default rate index was stable at 4.8% for 3Q11, as reported by Moody’s Investors Service's private student loan indices,

Operating Company/Property Company or OpCo-PropCo real estate structures need "creative thinking" with the impending refinancing challenge on the horizon, according to a report by European structuring and advisory services firm Bishopsfield Capital Partners released yesterday.

Bank of America Corp.'s board has been told the company could face a public enforcement action if banking regulators aren't satisfied with recent steps taken to strengthen the bank, according to a report by Dow Jones.

Nevada didn't explicitly forbid Bank of America Corp. from initiating new foreclosures within its borders last month. But it might as well have done so.

Only a few years ago most of the talk about short sales revolved around how to make the process more efficient — meaning shorter, since on average it lasted anywhere from 60 to 90 days. That worry is a thing of the past.

In a report today, Barclays Capital analysts said RMBS would provide buying opportunities into 2012, but they warned that certain risks could eat into the potential upside.

European market volatility has led some issuers to walk away from issuing European structured finance transactions, according to Fitch Ratings.

Big banks are fleeing the reverse mortgage industry, leaving specialty lenders with more business than they know what to do with.

Bond insurer Ambac Financial has pushed back the voting deadline on a reorganization plan and a plan confirmation hearing.

Carrington Mortgage Services has hired Brad Nease as senior vice president in capital markets. In this newly created position, Nease will lead the secondary marketing efforts for the firm’s loan origination business, and will be responsible for product development, investor relations, loan trading and warehouse lending.

An estimated 1 million homeowners with Federal Housing Administration (FHA)-insured loans could benefit by refinancing at today's low rates – but the government's mortgage insurer doesn't think it will happen.

The national 30-day delinquency rate improved by 2% in October over September and by nearly 15% compared to a year ago, according to a new "first look" report from Lender Processing Services, Jacksonville, Fla.

Alternative investment manager the Carlyle Group is expanding its lending business with the acquisition of Churchill Financial, a provider of debt financing to middle market companies.

Canadian law firm Blake, Cassels & Graydon today released commentary on the Ontario Securities Commission (OSC) decision on whether ABCP sponsor Coventree complied with disclosure requirements in the asset class.