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Latest News

MoFo Adds Structured Finance Partner to London Office

Sep 7, 2010 – Elana Hahn has joined Morrison & Foerster LLP capital markets group as a partner in its London office.

New Tool Speeds Up Delivery

Sep 7, 2010 – Warren, Michigan-based provider of commercial and residential mortgage default management solutions Five Brothers has introduced a new tool that helps speed up and simplify the preparation, delivery, notarization and tracking of all mortgage documents.

AXA IM Names New Head of Structured Finance

Sep 7, 2010 – AXA Investment Managers (IM) has appointed Laurent Gueunier as head of AXA Structured Finance.

Redeeming Trups Is Attractive But Not Always Feasible

Sep 7, 2010 – Comerica Inc.'s redemption of $500 million in trust-preferred securities will save it more than $20 million a year and sets an example of Dodd-Frank Act adaptation for a handful of other regional banks.

Investment Fund Buys FDIC NPLs

Sep 7, 2010 – A unit of Mariner Holdings LLC, Leawood, Kan., has purchased part of a $760 million portfolio of property loans from the Federal Deposit Insurance Corp.

FHA Refi Program for Underwater Loans Unveiled

Sep 7, 2010 – The Federal Housing Administration Tuesday morning officially launched a new refinancing program to aid underwater borrowers, allowing lenders to write a new government-backed mortgage where up to 10% of the original loan amount will be forgiven.

Moody's Gives Spanish SME ABS Closer Inspection

Sep 7, 2010 – Moody's Investors Service said it has introduced additional analytical steps for existing Spanish small- and mid-sized enterprises (SME) ABS deals.

Citigroup Arranges $600M Guggenheim CLO

Sep 3, 2010 – Citigroup has arranged a $600 million CLO that will be managed by Guggenheim Investment Management, according to sources.

BLS: Mortgage Jobs Increased in July

Sep 3, 2010 – Mortgage companies added 2,300 full-time employees to their payrolls in July as refinancing applications swelled, compensating for a weak purchase money business.

FCIC Presses Bernanke, Bair: Will Dodd-Frank End Bailouts?

Sep 3, 2010 – FCIC members challenged two top regulators over whether the recently enacted regulatory reform law had eliminated the possibility of future government bailouts.

FHFA Sets New Affordable Housing Goals for GSEs

Sep 3, 2010 – The GSE regulator Thursday issued new affordable goals that Fannie Mae and Freddie Mac are expected to meet this calendar year.

America First Tax Exempt Investors Finances $95.8Mln via Freddie Mac

Sep 3, 2010 – America First Tax Exempt Investors has financed around $95.8 million via a new long-term secured debt financing facility with Freddie Mac.

NAIC Chooses Blackrock Solutions to Model CMBS

Sep 3, 2010 – NAIC has chosen Blackrock Solutions to assist state regulators as they determine risk-based capital (RBC)requirements for the CMBS held by insurers.

Title Premiums Declined in Second Quarter

Sep 3, 2010 – The title insurance industry collected $2.3 billion of premiums in the second quarter, down 8.5% from a year ago, according to new figures released by the American Land Title Association.

Redwood Trust Plans 4Q RMBS Deal

Sep 3, 2010 – Redwood Trust Inc. said in its new quarterly review that it will likely come to market with a $300 million jumbo MBS sometime in the fourth quarter.