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Latest News

Angheben Moves to Link Financial Group

– Link Financial Group appointed Marco Angheben as project director in its expanding advisory team.

Comerica Plans $4.7M TruPS Charge

– 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.

LASERS Selects Marathon for the Long Haul

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

MBA: Commercial Delinquencies Up for CMBS

– Delinquency rates were mixed in the second quarter for commercial/multifamily mortgage investor groups.

Sallie Mae Sees $4.4Bln SLABS Reviewed for Downgrade

– Moody's Investors Service will review for possible downgrade 27 classes of notes from nine private SLABS serviced and administered by Sallie Mae.

Barclays Says FN 5.5/5 Swap Attractive

– Investors have been spooked away from higher mortgage coupons.

More Record Lows Set in Mortgage Rates

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

Bernanke: Regulatory Reform Will Prevent Future Bailouts

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

Volkswagen ABS Deal First to Issue Under New TSI Standard

– 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.

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

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

Education Expert Cariello Joins DLA Piper

– Dennis Cariello has joined DLA Piper's New York office.

FHA Production Down Slightly, but Heavy Usage for Purchases

– Mortgage bankers originated $25.9 billion of FHA-backed mortgages in July, down nearly 2% from June.

Mortgage Applications Rise 2.7%

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

SEC Issues Report Cautioning Credit Rating Agencies

– An SEC report warned rating agencies about deceptive ratings conduct.

Bair Promises Quick Turnaround for FDIC Resolution Rules

– FDIC Chairman Sheila Bair said the agency would soon publish an interim rule on its new resolution authority over systemically important banking companies and certain nonbanks.