The default rate of securitized private non-guaranteed student loans will be stable but high this year, according to a report released by Moody's Investors Service this morning.
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The SEC wants R.R. Donnelley & Sons to turn over certain due diligence records the firm prepared for investment banks that underwrote the ResCap MBS.
August 29 -
The industry veteran,who most recently served as a senior research fellow at Standard & Poor's, has left the firm to pursue other interests.
August 29 -
The drop, however, was less than the prior week's 9.2% as lower mortgage rates likely sparked some interest.
August 29 -
The investors accused Citigroup of understating the risk of default of the residential loans packaged into two mortgage-backed trusts..
August 28 -
Fitch Ratings predicts that the factors that have contributed to more securitizations of subprime auto loans will remain in place.
August 28
- Europe
Delinquencies in Spanish small or medium enterprise ABS has reached an all time high, with no sign that the trend will diminish in the near term.
August 28 -
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.
August 28 -
Daniel Ornstein joined GoldenTree and is cohead of its trading business along with Corey Geis.
August 28 -
There is a clause in the Treasury’s revised bailout deal allowing Fannie Mae and Freddie Mac to sell up to $250 million of assets in one fell swoop.
August 28 -
The National Association of Insurance Commissioners may increase the capital requirements primarily on securities that are not currently classified as NAIC 1.
August 28 -
Nissan Motor Acceptance Corp. is planning to issue a transaction under its Nissan Auto Receivables Owner Trust.
August 28 -
Kelly Thompson Cochran will now serve as the acting assistant director for regulations at the Consumer Financial Protection Bureau.
August 27