Securitization

The McGraw-Hill Cos. today filed a Form 8-K with the Securities and Exchange Commission (SEC) that acknowledged that on Sept. 22, it received a "Wells Notice" from the Commission Staff.

Ranieri Real Estate Partners and private equity funds affiliated with WL Ross & Co. have agreed to acquire Deutsche Bank Berkshire Mortgage (DBBM) today.

In removing about 134 tranches of future flow deals from its structured finance bucket, Moody’s Investors Service will no longer apply regulatory rule 17g-5 to them, said a spokesman for the agency.

Moody’s Investors Service has modified its criteria for what counts as a structured finance instrument, the agency said today.

General Electric Capital Corp. is in the market with a $522.21 deal called GE Equipment Midticket LLC, Series 2011-1.

The supply/demand outlook for the mortgage market changed in the blink of an eye on Wednesday with the unexpected Federal Open Market Committee (FOMC) announcement that the Federal Reserve will once again be buying MBS starting on Oct. 3.

The Federal Housing Finance Agency (FHFA) is still falling short when it comes to keeping a watchful eye on Fannie Mae and Freddie Mac.

Lewis S. Ranieri, the pioneer of MBS, is proposing a fix for the housing mess that he arguably had an inadvertent hand in creating.

Closing in on the one-year anniversary of its bankruptcy filing, Ambac Financial Group has filed a new reorganization plan that all parties involved have agreed on.

Discover Financial Services is stepping away from its recent M&A binge and trying to grow the old-fashioned way: by developing new businesses itself.

Several large Wall Street firms that played a key role in financing nonprime lenders this week asked a federal judge to dismiss a nearly $2 billion civil fraud lawsuit filed by the trustee of Thornburg Mortgage, the now defunct Jumbo/super Jumbo lender.

House and Senate appropriators are giving Ginnie Mae more flexibility to increase its staff despite Congressional emphasis on budget cutting and reducing deficits.

The Federal Reserve Thursday morning released its 2010 Home Mortgage Disclosure Act (HMDA) database, concluding that a drop in the maximum GSE loan limit to $625,500 (from $729,750) will have only a "small" impact on mortgage originations going forward.

At year end 2010 Bank of America had $2.3 trillion in assets, $230 billion of capital, 57 million customers, ranked among the top firms in nearly every major growth market in the U.S., employed 288,000 people, made $150 billion of community development loans a year, donated $200 million to charity annually, and was one of the largest home lenders in the nation.

Citigroup has priced a $352 million CLO for Apidos Capital Management, according to a person familiar with the transaction.

Radian Group, the nation's third largest mortgage insurer, said in a new regulatory filing Wednesday that it has fired its chief operating officer Robert Griffith and reduced its workforce by 7%.

Discover Financial Services more than doubled its third-quarter net income to $649 million, as its customers increased their spending and its credit card loan portfolio grew for the first time in over two years.

Dallas County District Attorney Craig Watkins this week filed suit against MERSCORP, seeking a judicial determination of whether the industry's use of the Mortgage Electronic Registration System (MERS) is legal in the Lone Star State.

The State Board of Regents of the State of Utah is in the market with a $397 million SLABS deal series 2011-1.

Today's Freddie Mac mortgage rate survey is somewhat less relevant than it would have been otherwise after yesterday's late afternoon Federal Open Market Committee statement.