Securitization

The International Organization of Securities Commissions (IOSCO) has recommeded high-level international standards for the regulation of market participants that are in the business of dealing, making a market or intermediating transactions in over-the-counter (OTC) derivatives.

The nation’s mega servicers are increasing their use of principal reductions in modifying loans as they fulfill obligations under the $25 billion robo-signing settlement with the state attorneys general and federal agencies, according to new figures released by the Treasury Department.

The Securities and Exchange Commission today charged investment management company Oppenheimer Funds' sales and distribution arm for misleading investors about the extent of the exposure of two of its mutual funds to CMBS in the midst of the credit crisis in late 2008.

Standard & Poor's said in a report today that U.S. credit card securitization volume is up by 156% from volumes issued in 2011.

Proposed legislation covering Canadian covered bonds will increase the structural requirements for achieving triple-A, according to Nicolas Malaterre, senior director of covered bonds at Standard & Poor’s.

Despite intense volatility buffeting the Eurozone in recent months, Bank of America Merrill Lynch sees long-term strengths in the region’s structured finance space.

Barclays Capital issued a $500 million transaction from its medium-term note program, Gracechurch Card Program Funding PLC.

Milestone Merchant Partners is circulating an offering book on $30.8 billion of mortgage servicing rights that once belonged to now-defunct Taylor, Bean & Whitaker, Ocala, Fla.

An executive at a real estate investment trust that invests in agency and non-agency MBS said proposed credit risk-sharing opportunities with Fannie Mae and Freddie Mac are among the type of investments his firm would like to buy into.

The U.S. hurricane season is only just getting underway, but so far this year, insured damage from tornado activity and other global catastrophes is running well below the same time last year, according to Guy Carpenter.

The commercial real estate finance company hired James Cope and Patrick Dempsey as senior vice presidents with plans to open a new office in Milwaukee, Wisconsin.

Freddie Mac's new offering of Structured Pass-Through Certificates backed exclusively by multifamily mortgages with a 7-year term will be sized at $1.0 billion.

New record lows in mortgage rates provided a modest 1.3% stimulus in mortgage application activity for the holiday-shortened week ending June 1.

Former Federal Deposit Insurance Corp. chair Sheila Bair is at helm of a new private sector, volunteer group, The Systemic Risk Council.

Fitch Ratings said in a press release Tuesday that the California Proposition 29, the Tobacco Tax for Cancer Research Act, could reduce payments that all states receive from the Tobacco companies under the 1998 Master Settlement Agreement (MSA).

The Federal Reserve Bank of New York plans to sell $7 billion from its Maiden Lane III portfolio which will include assets from seven CDOs .

JP Morgan said this week that its buyside survey shows that U.S. investor participation in U.K. RMBS has increased since September 2011.

Ocwen Financial Corp., a provider of residential and commercial loans based in Atlanta, Georgia, bought Aurora Bank’s commercial servicing portfolio.

As head of the Mortgage Bankers Association (MBA), David H. Stevens spent the last year warning that excessive and ill-considered regulation could drag down the mortgage market.