Latest News

GSEs Exit Subprime Lending in New York

August 27, 2008 – Mortgage lenders in the state will need to change their origination systems to reflect the change.

Pimco Wants To Put $5B To Work In Distressed Debt

August 27, 2008 – The new fund will target commercial and residential loans that don’t necessarily carry explicit government guarantees.

Mortgage Application Activity Sees Small Gain

August 27, 2008 – Mortgage application activity increased just .5% in the week ending Aug. 22, with small gains made in both refinancings and purchasings.

• MBA Appoints Chief Economist
• Guy Carpenter Hires Head of Global Structuring
• GSEs Report Slower Growth in July in Retained Portfolios

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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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