Latest News

NY AG Sues Big Banks for their Use of MERS

February 3, 2012 – The attorney general's complaint charges that the use of MERS by BofA, JPMorgan, and Wells Fargo caused fraudulent foreclosure filings.

Assured Sues UBS for Contract Breach in RMBS Deals

February 3, 2012 – Assured Guaranty has filed a lawsuit against UBS' real estate securities unit over breach of contract claims.

Apollo, Lehman Vet to Head Carlton's European Capital Markets Unit

February 3, 2012 – Mark Gollin has joined Carlton as managing director and will run the company's European capital markets business.

• IMA Selling $589MM MSR Portfolio
• Capital Markets Chief at Ally/GMAC Bolts for Fannie Mae
• American Express Files S-3 with the SEC

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Featured Articles

Bankcard Charge-offs Drop, Analysts Say

February 3, 2012 – Bankcard charge-offs dropped to 4.4% from a peak of 10.5% in February 2010.

MBS Technicals Rule Over Refi.Gov

February 3, 2012 – The Federal Reserve and the Obama administration have put the continued poor state of the housing market front and center on their agendas in the first month of 2012.

Geithner: GSE Plan Coming This Spring

February 3, 2012 – The Obama administration is working toward producing a plan to wind down Fannie Mae and Freddie Mac, according to Treasury secretary Timothy Geithner.

Risk Appetite in Repo Market Makes a Comeback, Fitch Says

February 3, 2012 – Risk appetite in the U.S. triparty repo market is slowly returning, according to Fitch Ratings in a report released today.

Euro CLOs: Reports of Our Death Exaggerated

February 3, 2012 – New CLO creation in Europe has come to a standstill, but there are still an estimated $121 billion in European arbitrage CLOs outstanding with $80 billion still in their reinvestment periods.

Multiplying Stress-Test Rules Prompt Fears of Inconsistency

February 3, 2012 – The sheer number of varying stress test requirements is raising concerns about whether regulators will be able to consistently apply the rules to the largest banks.

Homeowners Refi to Lower Payments - Not Cash

February 3, 2012 – Cash-out refinancings hit a 26-year low in the fourth quarter as 85% of borrowers maintained the same loan amount or reduced their principal balance after refinancing,

Ally CEO Tries to Ignore Massive Mortgage Woes

February 2, 2012 – Ally Financial just can't escape its troubled mortgage unit, which dragged the company's fourth-quarter results into the red on Thursday.

Fannie Mae Multi Volume at $24 Billion

February 2, 2012 – Fannie Mae did $24 billion of multi-family mortgages last year, of which 98% were put into MBS.

Trepp: CMBS Delinquency Rate Sees Dip in January

February 2, 2012 – The rate dropped despite the wave of delinquencies from the class of 2007 loans.

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ASR News Update