Edward DeMarco, the acting director of the Federal Housing Finance Agency (FHFA), said Thursday he is “deeply concerned” about underwater borrowers, but said that forbearance plans and short sales already serve as forms of principal reduction without saddling taxpayers with further losses.
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Standard & Poor's said in a report today that U.S. credit card securitization volume is up by 156% from volumes issued in 2011.
June 6 -
Proposed legislation covering Canadian covered bonds will increase the structural requirements for achieving triple-A, according to Nicolas Malaterre, senior director of covered bonds at Standard & Poor’s.
June 6 -
Despite intense volatility buffeting the Eurozone in recent months, Bank of America Merrill Lynch sees long-term strengths in the region’s structured finance space.
June 6 -
Barclays Capital issued a $500 million transaction from its medium-term note program, Gracechurch Card Program Funding PLC.
June 6 -
Milestone Merchant Partners is circulating an offering book on $30.8 billion of mortgage servicing rights that once belonged to now-defunct Taylor, Bean & Whitaker, Ocala, Fla.
June 6
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An executive at a real estate investment trust that invests in agency and non-agency MBS said proposed credit risk-sharing opportunities with Fannie Mae and Freddie Mac are among the type of investments his firm would like to buy into.
June 6 -
The U.S. hurricane season is only just getting underway, but so far this year, insured damage from tornado activity and other global catastrophes is running well below the same time last year, according to Guy Carpenter.
June 6 -
The commercial real estate finance company hired James Cope and Patrick Dempsey as senior vice presidents with plans to open a new office in Milwaukee, Wisconsin.
June 6 -
Freddie Mac's new offering of Structured Pass-Through Certificates backed exclusively by multifamily mortgages with a 7-year term will be sized at $1.0 billion.
June 6 -
New record lows in mortgage rates provided a modest 1.3% stimulus in mortgage application activity for the holiday-shortened week ending June 1.
June 6 -
Former Federal Deposit Insurance Corp. chair Sheila Bair is at helm of a new private sector, volunteer group, The Systemic Risk Council.
June 6 -
Fitch Ratings said in a press release Tuesday that the California Proposition 29, the Tobacco Tax for Cancer Research Act, could reduce payments that all states receive from the Tobacco companies under the 1998 Master Settlement Agreement (MSA).
June 6