UGL Services has launched a new group to provide financial analytics support and advisory services for commercial real estate distressed assets, leasing deals and capital markets-related transactions.
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Foreclosure filings fell in the first quarter to their lowest level since the end of 2007, according to new figures compiled by RealtyTrac, but the mortgage and housing industries shouldn't pop the champagne quite yet.Default notices, scheduled auctions and bank repossessions were reported on 572,928 properties during the quarter, a 2% sequential decline, and a 16% drop from a year ago.
April 12 -
The JPMorgan Chase Commercial Mortgage Securities Trust 2012-C6 deal expected to price next week is in the market.
April 12 -
Santander U.K. has priced its $1.2 billion RMBS issued under its Holmes Master Trust.
April 12 -
The government controlled Ally Financial Thursday morning filed an amended S-1 statement with the Securities and Exchange Commission, saying it hopes to sell $100 million worth of common stock to the general public.
April 12 -
Freddie Mac reported 30-year fixed mortgage rates plunged 10 basis points to 3.88% as of the week ending April 12 in response to the recent flight to quality.
April 12
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As per its usual, the auto ABS market this week has been busy with deals. Today alone Bank of America, Toyota Motor Credit Corp. and GM Financial priced their respective auto ABS transactions.
April 11 -
Law firm Mayer Brown has brought on Richard Spitzer as a partner in its insurance finance group.
April 11 -
Corporate bonds offer a valuable relative value benchmark comparison for CMBS 3.0 bonds, according to a report released by Royal Bank of Scotland (RBS) analysts today.
April 11 -
The Prestwick Mortgage Group is offering $128 million of Freddie Mac mortgage servicing rights and hopes to complete the auction by the end of next week.
April 11 -
Charles Schwab is looking for a managing director who will focus on conducting structured finance analysis on ABCP and non-mortgage ABS, according to job database Fins Finance.
April 11 -
The foreclosure crisis is loosening the traditionally strong tie homeowners have with their homes. New findings from FICO's latest quarterly survey of bank risk professionals indicate one way the slow recovery will affect distressed homeowners in 2012 is increased propensity for “strategic default.”
April 11 -
Lenders are hoping the Consumer Financial Protection Bureau (CFPB) will approve a 'qualified mortgage' (QM) rule with a safe harbor, protecting them from consumer lawsuits, but a legal analysis shows lenders may still be vulnerable if they are careless or cut corners.
April 11