The Securities Industry and Financial Markets Association (SIFMA) has reached a consensus on the issue of cities using their power of eminent domain to refinance underwater mortgages (using reducing principal reductions) that reside in private-label MBS, saying it will foul up the securitization process.
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The Consumer Financial Protection Bureau’s examination teams are focusing most of their attention on large bank and nonbank mortgage servicers.
September 11 -
The recovery in the multifamily sector is hitting on all cylinders with rents rising, vacancies falling, and accelerating construction, while the single-family market is still on a slow path of revival.
September 10 -
Cornerstone Real Estate Advisers has opened a Tokyo office that will be headed by directors Kelly Hayes and Peter Gensheimer.
September 10 -
Credit Agricole Public Sector is in the market with a covered bond backed by export loans guaranteed by export credit agencies of highly-rated sovereigns.
September 10 -
The$250mln CMBS called COMM 2012-LTRT will be issued by General Growth Properties, Kroll Bond Rating Agency said today.
September 10
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Redwood Trust is back in the market with a fourth RMBS deal of 2012 called Sequoia Mortgage Trust 2012-4.
September 10 -
Delinquencies for U.S. timeshare ABS have normalized at their historical levels following increases that occurred in 2008 and 2009, according to a Fitch Ratings report released today.
September 10 -
Prepayment speeds were faster than expected in August, particularly along 3.5% and 4.0% coupons and moderately seasoned 4.5s.
September 10 -
BMW Financial Services launched a $783 million securitization from is dealer floorplan master owner trust.
September 10 -
Fitch Ratings said that not like other traditional CMBS deals, all collections are aggregated and applied to one waterfall.
September 7 -
Depositories will continue to enjoy robust residential gain-on-sale margins through the third quarter, increasing both revenues and earnings, Credit Suisse said.
September 7 -
Wells Fargo Bank has various controls and procedures in place to handle the onslaught of modified CMBS loans returned from special servicing, Fitch Ratings said in a just-released report on the bank's servicing platform.
September 7