MBS
November 21, 2008 - Ramesh Singh, head of real estate and securitized (RE&S) products. is departing UBS.
November 20, 2008 - GMAC Financial Services has applied with the Federal Reserve to become a bank holding company.
November 20, 2008 - The prosecutor named to monitor the $700 billion bailout program said Wednesday that the Treasury's retreat from the program's original mission would not hurt his authority.
November 19, 2008 - Laurie Goodman has joined the New York offices of Amherst Holdings as a senior managing director in charge of research, risk management and business development, effective Dec.8.
November 18, 2008 - The FHFA said Monday that the combined debt of Fannie Mae, Freddie Mac, and the Federal Home Loan banks was $6.8 trillion at the end of September.
November 18, 2008 - A structure for overseeing the financial services industry's bailout is coming together.
November 18, 2008 - The European securitization market remains frozen despite new issuance volumes for 3Q08 roughly matching the volume of maturing securities.
November 17, 2008 - Congress needs to pass legislation that 'unlocks' securitized trusts so servicers could sell distressed mortgages to the Treasury Department for restructuring.
November 17, 2008 - Genworth Financial, after recently posting a large third quarter loss, struck a deal over the weekend to buy a $1 billion thrift in Minnesota.
November 17, 2008 - The Ibex Fund will specifically invest in CMBS.
November 17, 2008 - UniCredit Banca per la Casa SpA latest retained RMBS still caused a stir because of its size.
November 14, 2008 - The Federal Deposit Insurance Corp. hopes to complete a deal to sell a majority of IndyMac Federal Bank in December.
November 13, 2008 - Standard & Poor's predicts that subprime losses on 'AAA' rated mortgage bonds may not be as bad as some are projecting
November 12, 2008 - The GSEs have adopted a streamlined approach to modifying delinquent mortgages that regulators and industry groups hope will be accepted by investors.
November 12, 2008 - The federal government should consider extending a lending facility to non-bank mortgage servicers to avoid significant disruptions.