Amherst Securities Group (ASG) analysts reiterated their stance on HAMP 2.0’s implementation. They gave a warning about the potential abuse among borrowers with rental properties.
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In August, roughly $2 billion loans were resolved and taken out from the index versus $1.7 billion of new delinquencies added to the index.
September 14 -
Bluegreen Corp. has completed a timeshare ABS while Westgate Resorts' deal got rated by S&P for a combined $122 million tally of transactions in the sector.
September 14 -
The Consumer Financial Protection Bureau opposes a 20% downpayment on low-risk mortgages. It will not use its special rule-writing powers to undermine the Dodd-Frank Act, director Richard Cordray told lawmakers Thursday.
September 14 -
Survey respondents also expect two important buyers of loans, CLOs and loan mutual funds, to boost their assets in 2013.
September 14 -
General Electric Capital Corp. is planning to issue a securitization under its GE Equipment Midticket LLC, Series 2012-1.
September 13
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Freddie Mac, after being criticized by the Inspector General’s office of its regulator, has improved its mortgage buyback reviews and could recoup an additional $3.4 billion in damages.
September 13 -
MBS valuations can stay rich and tighten further based on the strong technical backdrop the announcement creates.
September 13 -
Citibank securitization analysts said in a report today that the global slowdown, Europe's debt crisis and the deteriorating U.S. economy have bolstered the ABS market's resolve to remain short and high quality.
September 13 -
The GSEs will continue to “maintain their own securitization operations and continue to issue their own securities,” the Federal Housing Finance Agency Acting Director Edward DeMarco said.
September 13 -
The outstanding dollar amount of subprime mortgage debt fell 10% in the second quarter to $374.8 billion as these nonconventional loans continue to “disappear” from servicing portfolios
September 13 -
Wells Fargo and Royal Bank of Scotland are planning to sell a CMBS called Wells Fargo Commercial Mortgage Trust 2012-LC5, according to an SEC filing yesterday.
September 13 - Europe
Mayer Brown's teleconference today highlighted several regulatory developments, that could come into effect "at any time"; which issuers must keep in mind when doing cross border deals that are sold into the U.S.
September 13