Latest News

Thacher to Oversee FDIC Conservatorship

July 18, 2008 – Thacher Proffitt & Wood has been officially selected as counsel to the Federal Deposit Insurance Corp...

MGIC Hedges on Delinquency Projection

July 18, 2008 – MGIC Investment Corp. said yesterday that it expects to break even on the policies it wrote in the first quarter.

Capital One Profit Down Nearly 40%

July 18, 2008 – Capital One Financial Corp. said its second-quarter profit fell 39.6% from a year earlier, to $452.9 million.

• FDIC Defends Handling of IndyMac Run
• Baker & McKenzie Hires Securitization Partner
• CIT's 2Q Earnings Fall Sharply

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Features

Monolines Ride Out Tough Market in 2Q08, With Some Success

July 18, 2008 – The financial guarantor industry is still holding on after nearly a year of downgrades, write-downs, litigation and stagnant new issuance.

LURC Provides Innovative Approach to Restoration Bonds

July 18, 2008 – In a market where securitization deals are few and far between and where creative structures have taken a back seat to plain vanilla transactions, the Louisiana Utilities Restoration Corp. (LURC) is proving that innovation can still create value.

Market Moves to Restore Liquidity in Slow Week

July 18, 2008 – Primary issuance and secondary trading remained light as Fannie Mae and Freddie Mac uncertainties continued to weigh on the ABS market's mood.

U.K. Should Prepare Itself for Future Disputes

July 18, 2008 – The ESF and the SIFMA hosted a seminar last week investigating the explosion in U.S. subprime litigation and what implication it had for European market participants.

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