secondary market

Welcome to the 'secondary market' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'secondary market'.

Latest blogosphere posts tagged “secondary market”

• BoE Reveals Peak of Aid to RBS, HBOS at $103Bn

  
  Housing Wire — Authority: 665
  As Her Majesty’s (HM) Treasury is proposing new regulations to strengthen UK mortgage borrowers’ protections, transparency elsewhere in the UK financial system is finally arriving nearly a year after government assistance was granted in “secrecy” to major UK banks.The Bank of England (BoE) this week disclosed ...
  3 days ago

• UK Treasury Proposes Stronger Mortgage Regulations

  
  Housing Wire — Authority: 665
  As the US Congress continues to work through proposed financial regulatory reforms with the consumer in mind, Her Majesty’s (HM) Treasury proposed new regulations it said will strengthen consumer protections for UK borrowers whose mortgages are sold to third parties.According to a consultation document the Treasury ...
  3 days ago

• Fannie’s MBS Issuance Slides 31% in October

  
  Housing Wire — Authority: 665
  A day after mortgage giant Freddie Mac (FRE: 1.12 -0.88%) said its purchases and issuances were down in October, sister government-sponsored enterprise (GSE) Fannie Mae (FNM: 0.9818 -1.82%) revealed its book of business declined at an annualized rate of 3.1% in the same month.Fannie’s mortgage-backed securities ...
  3 days ago

• Ohio AG Sues Credit Rating Agencies over MBS Ratings

  
  Housing Wire — Authority: 665
  Ohio Attorney General Richard Cordray filed a lawsuit against the nation’s three largest credit rating agencies — Standard & Poor’s, Moody’s Investors Service and Fitch Ratings — claiming the agencies unsettled US financial markets by providing unjustified and inflated ratings of mortgage-backed ...
  3 days ago

• FDIC’s List of ‘Problem’ Banks Grows 33% in Q309

  
  Housing Wire — Authority: 665
  Banks and savings institutions insured by the Federal Deposit Insurance Corp. (FDIC) posted aggregate net income of $2.8bn in Q309 despite net quarterly losses reported by more than 26% of all insured institutions, according to the FDIC’s quarterly report on insured institutions.Provisions for loan losses totaled ...
  4 days ago

• Accountancy Changes Could Reduce ABS Issuance: DBRS

  
  Housing Wire — Authority: 665
  Accountancy rule changes under the Financial Accounting Standards Board (FASB) could lead to reduced securitization issuance volume in certain asset classes, according to independent rating agency DBRS.Securitization market commentary by DBRS this week studies the impact of an interim rule by the Federal Deposit ...
  4 days ago

• Freddie’s Monthly Refinance Volume Slips 16%

  
  Housing Wire — Authority: 665
  Mortgage giant Freddie Mac (FRE: 1.12 -3.45%) recorded $32.18bn of mortgage purchases and issuances in October, down from $32.93bn a month earlier as the volume of refinance loan purchases fell.October’s purchases and issuances bring the 2009 year-to-date total to $476.35bn, according to a monthly summary of the ...
  4 days ago

• Fed’s Reg Z Rule Leaves ‘Ambiguities,’ Says Law Firm

  
  Housing Wire — Authority: 665
  Despite an interim final rule approved by the Board of Governors of the Federal Reserve, “ambiguities” remain regarding the notice that must be given mortgage borrowers within 30 days of their loans being sold or transferred for securitization, according to global law firm K&L Gates.Section 404 of the Helping ...
  5 days ago

• Experian to Provide Consumer Credit Data to S&P

  
  Housing Wire — Authority: 665
  Information services firm Experian formed an alliance with Standard & Poor’s Fixed Income Risk Management Services (FIRMS) to provide consumer credit information for loan-level mortgage-backed securities (MBS) surveillance.Experian will connect its consumer credit data with the residential MBS loan-level data ...
  5 days ago

• Commercial Property Values Dive 42.9% from ‘07 Peak

  
  Housing Wire — Authority: 665
  Values of commercial real estate will continue to fall before a slight rebound and a gradual recovery, according to a new report from Moody’s Investor Service.Commercial property values fell 42.9% from their peak in October 2007 and will remain stunted far longer than cash flows, according to the report. Analysts ...
  5 days ago

• AIG Re-brands Asset Management Business

  
  Housing Wire — Authority: 665
  American International Group (AIG: 35.23 +0.37%) re-branded its asset management and investment advisory business to PineBridge Investments. The renaming of the business is part of a transition stage into an independent business.PineBridge, headquartered in New York, will retain its global operations in 32 countries, ...
  5 days ago

• MBS Spreads to Widen, Rates to Rise in 2010: Smith Breeden

  
  Housing Wire — Authority: 665
  Although demand should keep asset-backed securities (ABS) spreads tight into Q110, wider spreads in mortgage-backed securities (MBS) will follow the Federal Reserve’s exit of a major MBS purchase program in 2010, according to bi-monthly commentary by global asset management firm Smith Breeden Associates.Agency MBS ...
  5 days ago

• Monday Morning Cup of Coffee

  
  Housing Wire — Authority: 665
  A look at the stories on HousingWire’s weekend desk…with more coverage to come on bigger issues:George Miller, the executive director of the American Securitization Forum (ASF) since 2004 will resign the position as of Dec. 16, 2009. At that time, the deputy executive director, Tom Deutsch will become acting ...
  5 days ago

• Fed Buys Another $16Bn of Agency MBS

  
  Housing Wire — Authority: 665
  The Federal Reserve Bank of New York bought another $16bn of agency mortgage-backed securities (MBS) in the week ending November 18.The Fed’s gross weekly purchases totaled $17.2bn. The Fed bought $5.9bn from Freddie Mac (FRE: 1.13 -2.59%), $4.55bn from Fannie Mae (FNM: 1.01 -1.94%) and $6.77bn from Ginnie Mae.The ...
  1 week ago

• ABCP Outstandings Slip 35% in 2009

  
  Housing Wire — Authority: 665
  Total US asset-backed commercial paper (ABCP) outstandings were at $455bn as of November 4, a 35% decline from the beginning of 2009, according to market commentary by Fitch Ratings.The fall in ABCP outstandings comes at a time when the industry is anticipating financial accountancy changes in January and the effect ...
  1 week ago

• Combined Loan to Values Swell to 107% in July 2009: Equifax

  
  Housing Wire — Authority: 665
  The combined loan to values (CLTVs) on current loans are worse than many realize, according to a study by Equifax Capital Markets.Equifax provides borrower and property value information to lenders and investors.The average CLTV, a ratio used to determine the risk of default when more than one loan is used, for ...
  1 week ago

• ASF, SIFMA Urge Reforms to MBS-Reporting Proposal

  
  Housing Wire — Authority: 665
  The American Securitization Forum (ASF) and the Securities Industry and Financial Markets Association (SIFMA) issued a joint letter to the Securities and Exchange Commission (SEC) addressing a proposal to expand the scope of certain reporting requirements regarding securitization.The Financial Industry Regulatory ...
  1 week ago

• Cornerstone Acquisitions Form Global Real Estate Investment Firm

  
  Housing Wire — Authority: 665
  Hartford, Conn.-based Cornerstone Real Estate Advisers is expanding with the merger of Springfield, Mass.-based Babson Capital’s Real Estate Finance Group (REFG) and acquisition of London-based Protego Real Estate Investors.Cornerstone and Babson Capital are subsidiaries of mutual life insurance company MassMutual. ...
  1 week ago

• SocGen Urges Sale of Dollar Ahead of ‘Global Collapse’

  
  Housing Wire — Authority: 665
  French investment bank Société Générale recommended selling the dollar as the first part of a stream of advice to its clients on preparing for a “global economic collapse.” A declining dollar might provide a means to reducing global imbalances, the firm said in a report written by seven individuals to ...
  1 week ago

• NewOak Sees ‘Creative Retranching’ Workouts for Commercial Loans

  
  Housing Wire — Authority: 665
  A recent Federal Deposit Insurance Corp. (FDIC) policy statement on “prudent” commercial real estate (CRE) loan workouts gives financial institutions the go-ahead to restructure loans to creditworthy borrowers.“Financial institutions that implement prudent CRE loan workout arrangements after performing a ...
  1 week ago

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