Latest News

New Dutch RMBS Deal Makes the Rounds

March 9, 2010 – NIBC Bank, a Netherlands based bank, began marketing a EUR750mn ($1.02 bn) prime Dutch residential mortgage-backed securities (RMBS) deal.

RBDA: FINRA Plan Won't Work Without Bank ABS Data

March 9, 2010 – The RBDA has called on FINRA to suspend TRACE reporting of agency debt trades until bank dealers are required to comply with similar rules.

Volkswagen Looking to Price New Auto ABS

March 9, 2010 – Volkswagen Bank began marketing its EUR475 million ($648 million) auto loan receivables securitization deal, Driver Seven.

• FDIC Courts Pension Funds
• Structured Deal Lawyer Joins Bingham in D.C.
• Linklaters Launches Dutch ABS Practice

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Featured Articles

Frank Calls on Banks to Forget Second Liens

March 9, 2010 – House Financial Services Committee Chairman Barney Frank last Friday sent a letter addressed to the four largest providers of U.S. mortgages asking for a write down of second liens to prevent "a deepening crisis" in the U.S. housing market.

Fitch Moves to Update Dutch NHG Criteria

March 9, 2010 – Fitch Ratings is seeking feedback from market participants on its revised criteria for rating transactions backed by the Dutch sponsored NHG.

Survey: Consumer Protection Agency Won't Impair Safety and Soundness

March 9, 2010 – The creation of an independent Consumer Financial Protection Agency would not impair safety and soundness regulation of banks, according to a majority of business economists.

Canadian Covered Bond Market Flourishes

March 9, 2010 – The Canadian covered bond market is flourishing, even without covered bond legislation to bolster the sector.

Wells Looks to Local Input to Underwrite Flood of Mods

March 8, 2010 – Wells Fargo, the country's second-biggest servicer, has been amping up its mod efforts both through the HAMP and on its own.

Obscure Provision In Reg Reform May Have Big Impact

March 8, 2010 – A provision in the regulatory reform legislation by the Treasury is causing a furor among large institutions, which say it would effectively ban all derivative transactions between banks and their affiliates.

Banks Will Recoup Billions from GSEs' Loan Buyouts

March 8, 2010 – Home lenders are smarting these days as Fannie Mae and Freddie Mac make them repurchase bad loans. But a multibillion-dollar windfall, courtesy of the GSEs, will mitigate lenders' pain.

Loan Balance Paper Experienced Lower Delinquency Buyouts

March 8, 2010 – The recent prepayment reports for Freddie Mac highlighted the better underlying credit in loan balance paper as this credit experienced lower delinquency buyouts.

U.S. Treasury Stands Behind GSEs

March 5, 2010 – The U.S. Treasury said today that there should be no uncertainty about its commitment to the GSEs and said Fannie Mae and Freddie Mac continue to play a vital role in the housing market in the current crisis.

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