02/01/2012 |
Past Issues |
Banks have been whittling down exposure to investor claims by exploiting technicalities in federal securities laws.
There were 5,119 registrants at ASF 2012 - an impressive show of strength considering the issuance tally for certain market segments.
The notion of widespread principal reduction for underwater borrowers has gained new currency since the beginning of the year.
Monolines that have brought MBS lawsuits to court have used the same facts that class actions and put-back claims have made.
If you are in a class action and someone is representing you, you have the right to "opt out" and bring your own action.
It may be too early to declare who the winner is, but BofA's willingness to settle the $8.5 billion Countrywide suit hints at how big the litigation problem might be for mortgage originators.
There was much focus on the U.S. consumer at ASF 2012 held in Las Vegas.
Panelists discussed similar housing themes to those that were covered in 2011 at the ASF 2012 Future of U.S. Mortgage Finance panel.
Banks may soon have to pay higher deposit insurance assessment fees relative to the riskiness of the ABS they hold on their books.
Put-back litigation continues to be a fight for information.
The Maiden Lane and Sequoia transactions indicate significant demand for bonds at nearly opposite ends of the RMBS market.
Although ASF conferences are usually more U.S.-centric, this year's ASF 2012 had more of a global focus.
President Obama stated that he was sending to Congress a plan that gives responsible homeowners the chance to refinance into historically low rates.
In January, Fitch Ratings put out a report that highlighted ratings volatility in securitizations that are retained by European originators, primarily to use as collateral for funding with the ECB.
View year-to-date 2011 ABS issuance totals for ABS, MBS and CMBS.
View the year-to-date manager rankings for the different ABS sectors, including real estate, credit cards and autos.
View the Scorecard deals featured in ASR's Scorecard database that priced in the last two weeks.
See results from the Mortgage Bankers Association's Refinance and Purchase Indexes as well as the weekly mortgage rates surveyed by Freddie Mac.