Latest News

Mortgage Rates Decline in Latest Freddie Mac Survey

July 3, 2008 – After rising for four straight weeks, Freddie Mac's weekly mortgage rate survey showed double digit drops in mortgage rates this week.

Moody's Downgrades FHLMC-Approved Insurer

July 2, 2008 – Freddie Mac-approved mortgage insurer Republic Mortgage Insurance Co. (RMIC) has been downgraded by Moody’s Investor Services to 'A1' from 'Aa3'.

Creditex and Markit Launch Portfolio Compression CDS Platform

July 2, 2008 – Creditex and Markit announced a joint initiative to launch an industry-wide portfolio compression platform for the credit derivative market.

• European Securitization Trade Associations Deliver Initiatives on Time
• Noel Kirnon Leaves Moody's
• Titan Rating in Trouble

More

Features

Auto Deals Up Despite Slow 1H08 for ABS Managers

July 3, 2008 – Despite a steadier pace of issuance in the second quarter for the consumer ABS market, the first half of 2008 finished significantly behind last year's totals.

Issuance Slump Continues to Pressure CDO Managers

July 3, 2008 – CLOs continued to squeak out new issuance in the second quarter, making them the only corner of the U.S. CDO market to do so.

RMBS Market's Slow Pace Unchanged by Fed Initiatives

July 3, 2008 – The RMBS market reported another paltry quarter, wrapping up a dismal first half for new issuance despite both local and Federal loss-mitigation initiatives.

Industrias Penoles Retires Silver Notes

July 3, 2008 – The world's largest primary silver producer, Industrias Penoles, announced last week that it had pre-paid a 12-year structured bond issued in 1997 for $380 million.

More