Latest News

Fixed Mortgage Rates Move Slightly Lower

August 21, 2008 – Mortgage rates were mostly lower this week, according to Freddie Mac's weekly survey.

Paese Joins SIFMA as Executive VP, Global Advocacy

August 21, 2008 – The SIFMA appointed Michael Paese as executive vice president, global advocacy, with responsibility for association's global legal, governmental, and legislative affairs and advocacy initiatives.

DebtX to Sell Nonperforming Residential Loans

August 21, 2008 – DebtX sold more than $292 million in nonperforming residential real estate loans.

• Amherst Securities Taps Zeller to Head Agency Products
• Delinquencies Rise for U.S. Equipment Leases
• Mayer Brown Advises on ABN Covered Bond Program

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Features

GMAC Rescap Expands Special Operations Platform

August 15, 2008 – Tony Renzi, chief operating officer for Residential Capital, took the time to answer a few questions regarding the firm's announcement that it would expand its mortgage special operations platform to meet growing demand.

Monoline Termination Agreements to Rise in CDO Market

August 15, 2008 – With the monoline industry continuing to struggle for survival, albeit with a weak pulse, and the ABS CDO sector almost flatlining, CDO hedge agreements with the monoline industry have been a cause for concern within the structured finance market.

Japan Gets in on Islamic Finance Race

August 15, 2008 – The Japanese government is adapting its banking regulations to accommodate the rules of Shariah-compliant Islamic finance.

Bancomer Issues Mexico's Biggest RMBS Yet

August 15, 2008 – Bucking the slowdown in issuance of deals backed by real estate receivables, Mexico's BBVA Bancomer closed the country's largest-ever RMBS on Aug. 8.

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