Securitization

A CMBS deal called COMM 2010-C1 is currently in the market. The sequential-structure is backed by a pool of 42 commercial mortgages secured by 63 properties, according to a Fitch Ratings presale report.

There is a lot of talk about today’s improved loan quality and loans on the secondary market today are better, but recent events have clearly highlighted the need for better vetting when it comes to processing on the servicing side, and not to be overlooked as this occurs is that there is still a lot to look out for on the origination side, too.

State banking regulators and several attorneys general are forming a multi-state task force to investigate the nation's foreclosure crisis, zeroing in on whether servicers cut corners on their paperwork.

The merger of the Office of the Comptroller of the Currency (OCC) and Office of Thrift Supervision (OTS) is shaping up to be the match made in regulatory hell.

Valuing mortgage servicing rights is tricky in normal times. The foreclosure documentation mess threatens to make the process even more difficult.

Lehman Brothers Holdings said bond insurer Ambac Financial Group has dropped claims worth more than $6.1 billion against the company, according to court filings.

Litton Loan Servicing, the nation's fifth largest servicer of subprime mortgages, said it will halt certain foreclosures to review how its processes these delinquent loans.

Ambac Financial Group said that the Wisconsin Office of the Commissioner of Insurance (OCI) has filed its Plan of Rehabilitation for the Segregated Account of Ambac Assurance Corp. in Dane County Circuit Court in Wisconsin.

General Growth Properties (GGP) on Friday unveiled the names of nine professionals who will serve on the board of a company that will be spun off by the bankrupt mall REIT.

MBS investor Ellington Financial priced its IPO of 4,500,000 common shares representing limited liability company interests at a price of $22.50 per share, according to a release from the specialty finance company.

Continued weak job numbers means the Fed is likely to start its second round of quantitative easing measure in November.

Bank of America Corp. is halting foreclosure sales in all 50 states as it extends its review of foreclosure documents.

President Obama late Thursday vetoed a bill that was designed to facilitate electronic mortgages and e-commerce. The veto arose in the wake of fears that language in the legislation would make it easier for servicers to get foreclosures approved by the courts.

Apollo is in the market with a $400 million CLO that was arranged by JPMorgan.

Investec is in the market with a U.K. RMBS deal worth ₤186 million ($295.26). Barclays Capital and Investec Bank are managing the eight-tranche transaction called Residential Mortgage Securities 25 (RMS 25).

Lenders will continue to look for opportunities to buy loan portfolios, according to a report released yesterday by Bank of America Merrill Lynch analysts.

Remember all those prognostications from industry experts how the Dodd-Frank bill would destroy the nonbank segment of the mortgage industry, resulting in a total takeover of residential finance by depositories?

The September prepayment reports brought relief after the August data encouraged fears of a potential refi wave in the making.

Senator Richard Shelby, R-Ala., ranking Republican on the Senate Banking Committee, is calling on federal regulators to investigate the foreclosure problems at three major banks and report back to the committee.

Freddie Mac's weekly mortgage rate survey reported new record lows set for 30- and 15-year fixed-rate mortgages as well as 5/1 hybrid ARM rates.