This morning the Mortgage Bankers Association reported a 19.6% surge in the Refinance Index to 5888 in the week ending Sept. 28, its highest level since April 2009.
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The CMBS primary pipeline looks set to continue a busy pace until the end of the year with three deals marketing this week.
December 5 -
Freddie Mac announced its seventeenth multifamily mortgage backed securities for this year; the $1.1 billion structured pass-through certificates called K-023, is expected to price this week, .
December 5 -
A new Spanish mortgage law that gives a certain category of borrower a reprieve from foreclosure raises the risks of further measures that might hurt recoveries on defaulted loans.
December 4 -
For clues about where European RMBS performance is headed, Barclays Bank analysts are looking at jobless rates.
December 4 -
Standard & Poor’s today projected that securitizations of credit card receivables in the U.S. should hit $40 billion in issuance in 2013.
December 4
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A dearth of refinancing options for European CMBS loans will not be covered entirely by new entrants as long as they focus exclusively on higher-quality properties.
December 4 -
A lawsuit that charged three ratings agencies with wrongdoing in the sale of mortgage-backed securities cannot advance, a federal appeals court in Ohio has ruled.
December 3 -
A couple of ABS deals have joined the pipeline this week.Santander, for its part, has a $791 million auto deal coming down the pike.
December 3 -
The ratings agency says the $329.9 million CSMC Trust 2012-CIM3's senior most tranche does not merit a triple-A rating.
December 3 -
The $600 million Octagon transaction brings year-to-date CLO new issue volume to $49 billion
December 3 -
The American Securitization Forum said in a comment letter today while that it supports the Federal Housing Finance Agency’s proposal to create a single GSE securitization platform, the solution won’t be a good fit with fully private label securities.
December 3 -
Stricter rules for the eligibility of covered bonds used in the European Central Bank’s repo facility are unlikely to significantly depress collateral postings, because the new ABS rule affect few issuers.Stricter rules for the eligibility of covered bonds used in the European Central Bank’s repo facility are unlikely to significantly depress collateral postings, because the new ABS rule affect few issuers.
December 3

