Securitization

But the GOP statement of principles offers no specifics on how Fannie and Freddie should be “wound down.”

The high yield bond market isn’t the only corner of the debt universe to defy the traditional sleepiness of August this year and keep churning out deals—the leveraged loan and CLO markets have declined to take their summer siesta as well.

This week's primary influencing factor on trading was Friday's address by the Federal Reserve chairman at the annual Jackson Hole Economic Policy Symposium.

loanDepot.com said today that it has securitized its first pools of mortgage loans guaranteed by Freddie Mac and Ginnie Mae.

Last month two bidders were eyeing Freddie Mac mortgage servicing rights once owned by Taylor, Bean & Whitaker. But it appears the sale may have stalled.

Waypoint Homes has begun purchasing REO single family homes in the Atlanta area with the intent of converting the properties into rentals.

Kevin Cooke Jr. has joined Carrington as managing director.

mortgage rates turned lower in the week ending August 30 as yields rallied last week in response to the FOMC minutes.

Moody's Investors Service said today that it will rate Motor 2012 PLC, a car loan securitization deal issued by Santander U.K.

The agency’s proposal exempts small servicers from just one of the nine categories in the proposal.

U.S. District Judge Sidney Stein in Manhattan today granted preliminary approval to the agreement and ordered a hearing for Jan. 15.

The payment relief includes the offering of principal reductions to 28,000 borrowers and the refinancing of underwater loans.

The Mortgage Industry Advisory Corp. is offering the portfolio in a one-round, sealed bid auction set for Sept. 24

The SEC wants R.R. Donnelley & Sons to turn over certain due diligence records the firm prepared for investment banks that underwrote the ResCap MBS.

The drop, however, was less than the prior week's 9.2% as lower mortgage rates likely sparked some interest.

The investors accused Citigroup of understating the risk of default of the residential loans packaged into two mortgage-backed trusts..

Fitch Ratings predicts that the factors that have contributed to more securitizations of subprime auto loans will remain in place.

The Bank of England’s program of easy money for banks and building societies may not hit ABS and MBS issuance as much as first thought.

Daniel Ornstein joined GoldenTree and is cohead of its trading business along with Corey Geis.