The City of Richmond, California began sending letters to mortgage servicers and trustees offering to buy home mortgages at reduced prices or face eminent domain proceedings.
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Barclays priced its first deal issued this year from the bank’s Dryrock credit card securitization trust.
October 3 -
Goldman Sachs is in the market with a $675 million CMBS backed by a loan that is secured by the borrower’s fee interest in a Midtown Manhattan office building.
October 3 -
The State of Washington is planning to issue $344.39 million of bonds backed by tobacco settlement revenues, according to a presale report by Standard & Poor’s.
October 3 -
Ratings agency reports are reassuring investors that, in some cases, transfers of mortgage servicing rights from one servicer to another do not have a negative impact on mortgage-backed securities.
October 3 -
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What's keeping private-label RMBS investors up at night, and what could attract more capital, setting the stage for a broader recovery.
October 2 -
Direct Capital Corporation plans to issue a $181 million securitization of equipment lease backed notes.
October 2 -
Morgan Stanley and Bank of America will issue a $1.3 billion CMBS conduit that has been assigned preliminary rating by Kroll Bond Rating Agency (KBRA).
October 2 -
Extraordinary expenses in RMBS transactions could either expose senior RMBS bondholders to losses or the structure to ratings volatility, depending on how they are paid, according to a Kroll Bond Rating Agency report.
October 2 -
ACIS Capital Management is prepping a $849.43 million collateralized loan obligation, according to a presale report from Standard & Poor’s.
October 2 -
Barclays plans to market the first deal issued this year from the bank’s credit card securitization trust called Dryrock.
October 1 -
Through bitter experience, bond purchasers learned about the moral hazard embedded in private RMBS and their grossly inadequate legal protections.
October 1
