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Latest News

Barney Frank Pushes for Second Lien Principal Forgiveness

– Barney Frank's call for banks to forgive principal on second liens was music to the ears of mortgage bond investors who have been pushing the idea for about a year.

Geithner: We'll Get to GSE Overhaul

– Secretary Geithner defended the administration's decision not to outline a plan for the future of Fannie and Freddie until 2011.

TARP Watchdog: Treasury Should've Went BK with GMAC

– A scathing report by a Congressional watchdog examining the bailout of GMAC found that the Treasury Department did not adequately protect taxpayer money.

KKR Revamps Asset Management Debt Team

– KKR has promoted four professionals in its asset management department.

Subprime Prices Increase Over 6%, Fitch Solutions Says

– Subprime RMBS prices in the U.S. reversed course this past month, with most vintages rising in value.

Freddie Mac Reports Slightly Lower Mortgage Rates

– Freddie Mac reported further easing in mortgage rates in the week ending March 11.

Markit Set to Launch Index Tracking Agency RMBS

– The new release is a synthetic total return swap index that will be referencing the interest component of 30-year fixed-rate Fannie Mae RMBS pools.

Altrius Capital to Pursue Institutional Investors

– Altrius Capital Management launched an institutional investing division and hired MBS veteran Gian Russo.

Jackson Joins Wells Fargo to Trade Specified Pools

– Kevin Jackson's arrival will bolster the RMBS effort at Wells Fargo Securities.

Dodd to Introduce His Own Reform Bill

– Chris Dodd announced today that he plans to introduce a bill next week on his own with the goal of pushing it through the committee along party lines if necessary before the Easter recess.

Connecticut AG Sues Ratings Agencies

– Richard Blumenthal has filed suit against Moody’s and S&P for allegedly enabling the “worst economic downturn in the nation since The Great Depression.”

Illinois Financings Advance Range From Arts To Assisted Living

– The program will fund up to 365 days of accounts receivable and provide reimbursement for each month of SLF Medicaid invoices.

1010data Receives $35 Million Equity Investment

– 1010data secured a $35 million minority equity investment from global venture capital firm Norwest Venture Partners.

Commercial Banks Will be Big Buyers of MBS This Year

– Commercial banks will be big buyers of agency MBS this year and help keep mortgage rates in check after the Federal Reserve withdraws from the market.

Carlyle Taps New Cap Markets Chief

– Petrick’s appointment is part of the PE firm’s plan to expand its credit and capital markets business.