Latest News

BTIG Adds to HY and Distressed Staff

February 8, 2010 – Broker dealer BTIG has added two traders and a sales executive to its high yield and distressed group, it announced today.

Thain Takes Helm at CIT

February 8, 2010 – Ex-Merrill chief becomes lender's chairman and CEO.

MBIA Restructures Money Management Arm

February 8, 2010 – MBIA Asset Management becomes separate structure and changes name.

• Lewtan Technologies to Move Corporate Headquarters
• Dodd and Shelby Hit Impasse, CFPA Part of the Reason
• Citigroup Unloads $400MM Residential NPL Portfolio

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Featured Articles

FHA 4Q Originations Up 21%, Foreclosures Up 41%

February 8, 2010 – Lenders originated $86.1 billion in Federal Housing Administration insured single-family loans in the fourth quarter, up 21% from same quarter in 2008.

Deutsche Discusses Outlook for Banks' Support of MBS

February 8, 2010 – Fourth quarter earnings data offered some worrisome news for banks' support of the mortgage market once the Federal Reserve ends its MBS purchases.

Obama's Latest SBA Plan Targets CRE

February 8, 2010 – President Obama on Friday said he wants to expand Small Business Administration guarantees to commercial real estate loans.

CRE Losses Could Pass $150 Billion Next Year

February 8, 2010 – Losses on commercial real estate loans could top $150 billion by the end of 2011, meaning banks have just started dealing with the problem.

Autos Dominate ABS Market

February 5, 2010 – Auto deals, both Term ABS Loan Facility (TALF)-eligible and not, have been giving the ABS market some life.

Milestone for a Mortgage Millstone?

February 5, 2010 – GMAC says worst of ResCap losses is past.

Prepayment Speeds Fall More Than Expected in January

February 5, 2010 – Prepayments were expected to decline 8% on 30-year FNMAs and by 26% on GNMAs.

U.S. Real Estate Crisis Threatens Global Economic Condition

February 4, 2010 – U.S. commercial property could be the cause for a new subprime crisis from 2010 onward.

A March End for Fed MBS Buying Program Not Set in Stone

February 4, 2010 – The Federal Reserve intends to end its $1.25 trillion MBS buying program at the end of March, but if the problems resurface, the program will be restarted.

Mortgage Rates Slightly Higher on Fixed Rates

February 4, 2010 – Mortgage rates bumped up slightly for most terms.

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