Rising U.S. home prices havent boosted the performance of mortgage bonds as much as might be expected, and Fitch Ratings says this is due to the length of time and amount of money it takes to sell repossessed homes.
-
The Securities and Exchange Commission is likely to issue the long-awaited final ruling of Regulation AB II at an open meeting in February, according to former Chairman Christopher Cox.
January 23 -
-
The qualified mortgage rule hasnt dissuaded some major banks to stop jumbo mortgage originations despite the increased risks tied to the product.
January 23 -
Ford Motor Credit Co. priced its $1.6 billion prime auto loan securitization some basis points tighter than its last deal to print in 2013.
January 23 -
The sale represents around 2% of Wells Fargos total residential servicing portfolio as of the end of fourth quarter 2013.
January 23
-
Participants at an ABS Vegas 2014 panel struggled to explain how private label RMBS could become relevant to a broader range of U.S. consumers, although they took pains to sound optimistic.
January 23 -
GM Financial is taking advantage of the resulting spread compression to start securitization leases (both prime and subprime) and dealer inventory financing.
January 22 -
The protection commercial mortgage-backed securities sellers must provide in order to obtain higher ratings for their bonds is likely to cost them even more going forward, said Fitch Ratings.
January 22 -
Michael Stegman, a counselor to the Treasury Secretary on housing finance, said the GSEs' recent profitability was misleading and does not lessen the need for housing finance reform.
January 22 -
Alexandra Margolis joins Nixon Peabody as partner in the firms Commercial & Structured Finance practice.
January 22 -
Mitsubishi UFJ Securities (USA), part of Mitsubishi UFJ Financial Group, made three appointments to its structured products team in New York.
January 22 -
The class 2014-A1 notes are structured with a longer tenor than the last two credit card deals to price this month.
January 22