Securitization

Defaults on commercial real estate loans are beginning to play a larger role in the failure of FDIC-insured institutions than construction loans, according to Trepp.

Single-family housing starts rose 2% to 438,000 units on an annualized basis during August, but multifamily construction soared by 53% during the month, according to new government figures released Tuesday morning.

If a home is underwater but the borrower keeps paying the second mortgage (though maybe not the first), can that junior lien be worth anywhere near face value?

General Electric Credit Corp. (GECC) has a new equipment lease transaction called GE Equipment Midticket LLC, 2010-1.

Discover Financial Services is continuing its push to ensure that future profitability is less dependent on plastic with its planned $600 million student loan acquisition.

The total dollar amount of outstanding mortgage subprime loans in the nation fell to $714 billion at June 30, a 45% decline from the peak back in 2007, according to figures compiled by National Mortgage News and the Quarterly Data Report.

Barclays Capital researchers examined the effects of GMAC's foreclosure moratorium announcement in a report released today.

Landmark legislation in Greece on consumer debt could lower recoveries on mortgages that are already underwater, according to a recent report from Moody’s Investors Service.

As technical director of the Financial Accounting Standards Board (FASB), Russell Golden is the person to whom financial institutions have been addressing their comment letters on a controversial proposal that would expand the use of fair value accounting.

Residential home sales leveled off in August after plunging 30% in July, according to the RE/MAX National Housing Report.

U.S. commercial real estate (CRE) prices as measured by Moody's/REAL Commercial Property Price Indices (CPPI) dropped 3.1% in July, which is the second straight monthly dip exceeding 3%.

Countrywide Financial Corp. founder and former chief executive Angelo Mozilo must face trial on regulators' claims he misled investors about risks tied to subprime lending, a judge ruled.

Specialty finance firm Woodbridge Structured Funding appointed of Jim Klohn as corporate general counsel.

This month Barclays Capital analysts are launching a new monthly publication called New Resi Synthetic Monitor. This offers a detailed examination of the valuation and collateral performance of the various ABX and PrimeX indices.

Poinsett Capital Advisors appointed Andrew Reiken as chief investment officer.

After months of speculation and more than a week of fevered media coverage on the topic, President Obama formally picked Elizabeth Warren on Friday as assistant to the president and special advisor to Treasury Secretary Tim Geithner in charge of creating the Consumer Financial Protection Bureau.

A bankruptcy judge has approved a settlement between the Federal Deposit Insurance Corp. (FDIC) and the now-defunct Taylor Bean & Whitaker (TBW) over the ownership of more than $1 billion in disputed loans and mortgage-related assets.

Arch Bay Capital, which invests in and manages delinquent mortgages, appears to have scuttled — for now — its plans to enter the origination business, according to industry officials who have worked with it.

Six months into his tenure as MF Global's chief executive, Jon Corzine wants the futures broker to expand geographically, and he wants it to build a beachhead in investment banking.

MetLife Bank has emerged as the winning bidder on a $23 billion package of residential servicing rights auctioned off by the Federal Deposit Insurance Corp. (FDIC), according to investment banking sources close to the situation.