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The Mortgage Bankers Association’s refinancing index, the market benchmark for tracking the rate of agency mortgage refinancing, has spent its second straight week in the 5,000 range, a record high for the year.
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Investors say they want to buy new issue residential mortgage-backed securities and banks are building up their RMBS desks to cater to that demand.
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The National Association of Insurance Commissioners has awarded BlackRock Solutions a new contract to model credit risks posed by commercial mortgage-backed securities.
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The withdrawal of European investors from the market for paper backed by the Federal Family Education Loan Program following the credit crisis has significantly altered the structure of new asset-backed securitizations coming to market, market sources said.
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Volkswagen, the German-based auto maker, plans to revive its failed bid to issue a Spanish auto asset-backed deal.
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U.K. banks are turning to the covered bond market as a viable funding tool for their mortgage books, with three deals being announced this week.
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Deutsche Bank Securities has snapped up Noel Doromal, former v.p. and structured finance chief at Citigroup Global Markets.
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Shad Quraishi, vice chairman, risk syndication, distribution and capital raising at New York-based broker dealer NewOak Capital Markets, has moved to Broadsmoore Group, a financial advisory firm
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The American Securitization Forum is calling for tailor-made loan-level disclosure requirements for each type of auto asset-backed securitization in its supplemental Reg AB II comment letter that it filed Tuesday with U.S. Securities and Exchange Commission.
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A revised valuation of a loan accounting for about 24% of Windermere VIII’s collateral pool has reduced its value by £46 million ($71 million).