Securitization

Borrowers in the European CMBS deal Titan Europe 2006-3 p.l.c were given a notice on Aug. 18 that an event of default had remained outstanding since the fourth quarter of 2008.

The new lease that Nomura is expected to sign on a 525,000 sq ft., City of London office property named Watermark Place sets never before seen terms in the London City office sector.

The Federal Housing Administration (FHA) is providing a helping hand to some multifamily developers that started construction but had their financing pulled after completing the foundation.

Banking regulators issued a 36-page proposal last week, and while it never mentioned the words "Basel II," it amounted to a first step toward reworking the tortured capital accord.

Standard & Poor's placed on 101 tranches of notes issued by Northern Rock’s U.K. RMBS master trust, Granite, on negative watch.

Mike Kozak's take on modifying troubled commercial loans reflects that of many bankers — optimism with a hint of uncertainty.

The Mortgage Bankers Association (MBA) today released a new paper outlining its proposed framework for a refined government role in the secondary mortgage market designed to ensure liquidity for mortgages without presenting unnecessary risks for the taxpayer.

Jefferies appointed Ward McCarthy, PhD, as a managing director and chief financial economist within the firm’s fixed income group.

The New York Federal Reserve named four dealers who will act as agents for the Term ABS Loan Facility (TALF).

The Federal Reserve should slow its purchases of agency MBS so that it can extend the buying program into next year, according to one MBS market expert.

HOPE NOW's July data estimates that 1.77 million homeowners received workout solutions to avoid foreclosure since January

Hannover Re placed a facultative risk portfolio as part of its extended Insurance-Linked Securities (ILS) activities.

Triple-A investors are increasingly turning to resecuritizations as a technique to partially hedge against the risk of ratings downgrades in their triple-A holdings, said Moody’s Investors Service analysts.

Citigroup said Monday afternoon that it sold three credit card portfolios representing about $1.3 billion of managed assets from Citi Holdings, its dumping ground for unwanted assets.

A Federal Deposit Insurance Corp. (FDIC) release Monday featured tips for consumers on navigating new credit card and mortgage rules, and how best to utilize bank reward programs.

Federal Deposit Insurance Corp. (FDIC)-insured banks had to buy back $1.9 billion of defaulted mortgages during the second quarter after facing heavy repurchase demands from investors during the first and fourth quarters.

After loosing $4.7 billion from client redemptions, Cerberus Capital Management is looking to raise money for a fund that would invest in distressed debt in hopes of boosting returns for investors, according to Bloomberg.

Fifth Street Finance has hired a former managing director at Churchill Financial to help with the White Plains, N.Y. investment firm’s loan origination business.

The nation's beleaguered mortgage insurance companies wrote $7.54 billion of new traditional MI policies in July, its third worst volume month of the year.

Despite the rise in used vehicle values for the seventh straight month in July, this did not stop prime losses from rising to 20% above the 2008 level, Fitch Ratings said in a report.