Securitization

A new report by Amherst Securities Group (ASG) stressed the importance of investors helping the recovery of the still-fragile housing market.

Is the Basel Committee on Banking Supervision building an effective set of capital rules, one that will accomplish the goal of competitive parity?

Bingham McCutchen partner Edward Gainor, 56, has passed away from a heart attack.

Standard & Poor’s announced late yesterday that, in connection with the advanced notice of proposed criteria change, they will not currently assign ratings to transactions that are based on the U.S. conduit/fusion criteria.

The nation's robosigning debacle and the overhang of foreclosed properties on the market caused foreclosure activity to drop significantly during the first-half of the year, according to new figures compiled by RealtyTrac.

Lehman Brothers Holdings hopes to generate as much as $2 billion to repay creditors by securitizing a portfolio of commercial loans.

The Federal Housing Finance Agency (FHFA) on Wednesday filed suit against UBS Americas for misrepresenting the quality of private label, non prime MBS it sold to Fannie Mae and Freddie Mac during the housing and mortgage boom.

Wells Fargo has appointed Avid Modjtabai as senior executive vice president and head of its new Wells Fargo Consumer Lending (WFCL) group.

A report by the Securities and Exchange Commission (SEC) revealed some mispractices by broker-dealers in selling structured securities products. For the study, the SEC looked closely at eleven broker-dealers.

Trepp released a report on bank loan delinquencies for 2Q11 ahead of the final Federal Deposit Insurance Corp. (FDIC) figures.

Elizabeth Warren will step down Aug. 1 from her post as special advisor to the Treasury secretary at the Consumer Financial Protection Bureau (CFPB) and Raj Date, a high-ranking official at the new bureau, will replace her.

Fannie Mae and Freddie Mac could continue to operate even if the U.S. debt ceiling is not raised by Aug. 2. But raising the ceiling alone, without a budget deal, would leave them — and a mortgage market that relies on their guarantees — vulnerable.Despite improvements in their financial results, the government-sponsored enterprises need continued capital injections from the Treasury Department to avoid being unwound by their conservator, the Federal Housing Finance Agency (FHFA), according to the rating agency Fitch Ratings. On average, the GSEs have been drawing $2 billion to $3 billion a quarter since 2010, said analysts at Barclays Capital.

Mortgage application eased back 5% in the week ending July 22 with both refinancing and purchase activity slipping.

Concerns raised by the debt ceiling debate present minimal potential short-term risks for REITs that invest in agency MBS, and the sector should be viable under all “reasonable” scenarios, according to a new report from Keefe, Bruyette & Woods (KBW).

The White House nominee to be new Comptroller of the Currency said federal banking agencies need to work toward reassuring the public that robo-signings have stopped and foreclosure problems are being corrected.

RBC Capital Markets has hired three bankers for loan capital markets and European sponsor coverage, according to the bank.

Citigroup has offered to buy the Dryden VI-Leveraged Loan CDO 2004.

New home sales fell 1% in June as demand for newly constructed units remained stuck in a low range during the traditional spring buying season.

Home prices rose 1% in May compared to April, and 16 of 20 metropolitan areas tracked by the Standard & Poor's/Case-Shiller house price index (HPI) registered monthly price gains.

Massachusetts Attorney General Martha Coakley told the state's Register of Deeds Association that she will not sign a multistate settlement with large mortgage servicers that includes a widespread release of liability for claims against the Mortgage Electronic Registry Systems (MERS).Responding to a letter from Massachusetts’s 13 county and eight state-run regional registries, Coakley said her office continues to investigate whether servicers and investors conducted unlawful foreclosures with their reliance on MERS, the system used to track promissory note ownership of the majority of U.S. residential mortgages.