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.
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The deal is an $835 million, single-borrower CMBS called BB-UBS Trust 2012-SHOW.
October 24 -
The securitization pipeline is filling up after Information Management Network's ABS East conference concluded yesterday with deals from Wyndham and BMO.
October 24 -
Mortgage application activity dropped 12% in the week ending Oct. 19 as mortgage rates inched higher.
October 24 -
Just two firms showed up at the auction: Nationstar and Ocwen Financial, which is working with Walter Investment, according to industry advisors tracking the deal.
October 24 -
More and more investors are taking a gander at the riskiest tranches of collateralized loan obligations, and they like what they see.
October 23
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JPMorgan has raised money for BlueMountain Capital Management's second CLO of the year.
October 23 -
SEC chairwoman Mary Schapiro criticized the prevailing pay model for ratings agencies on Tuesday.
October 23 -
With BofA out of the correspondent market for almost a year, and with other aggregators paying paltry sums for the ‘servicing released premium,’ many mid-sized FHA lenders want to become direct issuers.
October 23 -
Newtek Business Services, a nonbank financial firm that lends to small businesses, has assumed the servicing of a portfolio of loans originated by Aurora Bank FSB, which are in a securitization trust established in 2006.
October 23 -
It appears that other bidders will make a run at Residential Capital Corp. on Tuesday and Wednesday when the firm is auctioned off by a federal bankruptcy trustee.
October 23 -
Royal Bank of Canada agreed to buy Ally Financial's Canadian auto-finance and deposit business in a cash deal providing $4.1 billion in proceeds to Ally.
October 23 -
In Europe, efforts by out-of-money investors has thwarted recovery efforts by senior bondholders in troubled CMBS deals, according to a Fitch Ratings report published today.
October 23