Latest News

Bernanke: Regulatory Reform Will Prevent Future Bailouts

September 2, 2010 – The days of bailouts of large financial institutions are officially over, Federal Reserve Board Chairman Ben Bernanke said Thursday.

LASERS Selects Marathon for the Long Haul

September 2, 2010 – The roughly $7 billion LASERS Board of Trustees decided last week to award Marathon Asset Management a nearly $250 million MBS mandate.

Volkswagen ABS Deal First to Issue Under New TSI Standard

September 2, 2010 – Volkswagen Leasing has no plans to issue a privately placed auto ABS deal, but it is currently marketing the new VCL 12 deal to investors.

• MBA: Commercial Delinquencies Up for CMBS
• Angheben Moves to Link Financial Group
• Sallie Mae Sees $4.4Bln SLABS Reviewed for Downgrade

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Featured Articles

More Record Lows Set in Mortgage Rates

September 2, 2010 – The records continue to get broken in fixed and 5/1 Hybrid ARM rates.

Barclays Says FN 5.5/5 Swap Attractive

September 2, 2010 – Investors have been spooked away from higher mortgage coupons.

Comerica Plans $4.7M TruPS Charge

September 2, 2010 – Comerica said Wednesday that it will take a $4.7 million charge in the fourth quarter to cover costs of the early redemption of $500 million of trust-preferred securities.

SEC Issues Report Cautioning Credit Rating Agencies

September 1, 2010 – An SEC report warned rating agencies about deceptive ratings conduct.

FDIC 2Q Report Shows Swing to Profit, But Loan Demand Remains Weak

September 1, 2010 – Despite another encouraging quarter for banks, FDIC officials said uncertainty about the broader economy is keeping lending depressed.

July Loan Modifications Top 120,000 Units

September 1, 2010 – Mortgage servicers completed 120,350 proprietary loan modifications in July and 757,750 for the first seven months of this year.

CRE Outlook Improves While Prices Rise in July

September 1, 2010 – The outlook for commercial real estate loans backing CMBS continues to improve because of increased activity in the CMBS new issue market.

Mortgage Applications Rise 2.7%

September 1, 2010 – Mortgage applications continued to increase, but at a slower pace even as mortgage rates set new record lows.

CMBS Servicers Performing Various Forms of Loan Mods

August 31, 2010 – Loan extension has been one of the most common modification strategies used by special servicers, but they have added to their modification options.

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