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Alt-a Loans

Type: Keyphrase

Name: Alt-a Loans

First reported May 24 2013 - Updated May 24 2013 - 1 reports

Deleveraging continues

A sizeable $8.7bn Non-Agency (NA) bid-wanted-in-competition (BWIC) has been announced this week due next Tuesday, May 28th. The seller, Lloyds Banking Group, is looking to take advantage of the recent rally in NA Residential mortgage-backed securities ... [Published FTSE Global Markets - May 24 2013]

Entities: BWIC, Alt-a Loans, Interactive, Investment Grade

First reported May 24 2013 - Updated May 24 2013 - 1 reports

Freddie Mac

Forthcoming RMBS deal feeds appetite of private-label market

A sizeable $8.7 billion nongency bid list for a structured-finance deal submitted by Lloyds Banking Group to various securities dealers is due out May 28, with the company looking to benefit from a recent rally in private-label residential mortgage-backed ... [Published HousingWire.com - May 24 2013]

Entities: Freddie Mac, Alt-a Loans, Credit Spreads Widening, Securitization

First reported May 24 2013 - Updated May 24 2013 - 1 reports

Caution emerging in secondary RMBS?

Further details have emerged regarding the US$8.7bn non-agency RMBS BWIC scheduled to trade on 28 May (SCI 23 May). The list is composed of mostly adjustable-rate collateral, with over half being Alt-A paper. Bidding will be conducted on an all-or-no ... [Published Structured Credit Investor - Latest Issue News - May 24 2013]

Entities: BWIC, Alt-a Loans

First reported May 23 2013 - Updated May 23 2013 - 2 reports

Lloyds Banking Group Plc

LLOYDS BANKING GROUP PLC: Lloyds to Sell $8.7 Billion U.S. Mortgage Portfolio

Lloyds Banking Group PLC is looking to auction about $8.7 billion of U.S. mortgage securities, a person with knowledge of the sale said Thursday.The assets are a mixture of risky non-government residential mortgage-backed securities issued by Wall Street ... [Published 4 Traders - May 23 2013]

Entities: Lloyds Banking Group Plc, Portfolio, Mortgages, Alt-a Loans, United States

First reported May 23 2013 - Updated May 23 2013 - 1 reports

Housing Recovery: Why Stagnant Income Won’t Stand in the Way

“Davidson” submits:As if on cue, the Monthly Supply of Homes for Sale was reported at 4.1mos, a very strong indication of housing demand. Investors who panicked on Bernanke’s comments yesterday have been forced to rethink their equity sell decisions. ... [Published Value Walk - May 23 2013]

Entities: Disposable income, Gross Income, Subprime Mortgages, Construction

First reported May 21 2013 - Updated May 22 2013 - 1 reports

Home Loan's Goal: Own Low-Risk Assets, Pay Dividend

Posted 04:32 PM ETOne of the keys to business success is creating win-win situations. Such is the case for Home Loan Servicing Solutions, which was started by key executives of Ocwen Financial a little over a year ago, Ocwen itself and investors, all ... [Published Investors Business Daily - May 21 2013]

Entities: Mortgages, Dividend, Prepayment

First reported May 22 2013 - Updated May 22 2013 - 1 reports

Chairman Hensarling Opening Statement at Today's Hearing with Treasury Secretary Lew

Washington, May 22 - Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's full committee hearing with Treasury Secretary Jacob "Jack" Lew:“This morning we welcome Treasury Secretary Jack Lew ... [Published The Committee on Financial Services - May 22 2013]

Entities: Jeb Hensarling, Opening Statement, Consumer Financial Protection Bureau, House Committee on Oversight and Government Reform

First reported May 17 2013 - Updated May 17 2013 - 1 reports

Bid list indicates first signs of GSE risk reduction

The Federal Housing Finance Agency plans to sell 5% of the illiquid portion of its retained portfolio assets by the end of the year, meaning the collateral Freddie Mac and Fannie Mae had before the conservatorship.Since then, the nonagency residential ... [Published HousingWire.com - May 17 2013]

Entities: Collateralized Mortgage Obligations, Federal Housing Finance Agency, Alt-a Loans, Investment Grade

First reported May 17 2013 - Updated May 17 2013 - 1 reports

Freddie sale meets strong demand

Further details have emerged on the US$1bn-plus US RMBS non-agency bid-list put out by Freddie Mac earlier this week (SCI 14 May). The collateral consisted mostly of subprime and adjustable rate prime or Alt-A loans, with all of the bonds originated. ... [Published Structured Credit Investor - Latest Issue News - May 17 2013]

Entities: Alt-a Loans, Subprime Mortgages, Freddie Mac

First reported May 08 2013 - Updated May 09 2013 - 7 reports

Ellington Financial Prices $131.5 Mln Stock Offering

Ellington Financial LLC (EFC: Quote) said Thursday that it has priced an underwritten public offering of 5 million common shares representing limited liability company interests for total estimated gross proceeds of about $131.5 million.The company has ... [Published RTTNews.com - May 09 2013]

Entities: Ellington Financial LLC, Mortgage-Backed Securities, Common Shares, Alt-a Loans, Bancorp Inc

First reported Apr 30 2013 - Updated May 01 2013 - 2 reports

Moody's Analytics Brings Auto Loans and Auto ABS to Portfolio Analyzer

Moody's Analytics, a company focusing on risk measurement and management, announced that it has added auto loans and auto ABS to Portfolio Analyzer (PA), its risk management, stress testing and capital allocation tool. According to a release, The additional ... [Published Individual.com - May 01 2013]

Entities: Auto ABS, Moody's Corporation, Analytics, Portfolio

First reported Apr 29 2013 - Updated Apr 29 2013 - 2 reports

NewOak: Alt-A jumbo loans add diversity to income portfolios

Whole loan portfolios of well underwritten Alt-A jumbo residential loans with full documentation deserve consideration in constructing diversified income-oriented investment plan, said Ron D’Vari, CEO & Co-Founder of NewOak.Due to strict capital rules ... [Published HousingWire.com - Apr 29 2013]

Entities: Alt-a Loans, Jumbo Loan, Mortgages, Down Payment

Quotes

They concluded, "A similar trend in which stronger performance for more credit sensitive bonds was also witnessed last month in the primary markets, where super seniors widened, while more subordinated classes tightened."

Forthcoming RMBS deal feeds appetite of private-label market [Published HousingWire.com - May 24 2013]

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Housing Recovery: Why Stagnant Income Won’t Stand in the Way [Published Value Walk - May 23 2013]

"It is one of the few asset classes where you could still make an argument that fundamentals should improve" said Bryan Whalen, a managing director at TCW...

LLOYDS BANKING GROUP PLC: Lloyds to Sell $8.7 Billion U.S. Mortgage Portfolio [Published 4 Traders - May 23 2013]

"The preforeclosure resolution rate is very high, at roughly 70% of the loans, that are resolved by Ocwen before foreclosure," said Van Vlack. "Ocwen has very well developed servicing practices. They use technology and psychological principals to get more borrowers current. So Ocwen modifies more loans because the borrowers are more likely to accept a loan modification offer. ... It's not just the offer that you make to a borrower, but it's how you secure their commitment to stay in the home and to continue to pay on that loan." The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group Inc

Home Loan's Goal: Own Low-Risk Assets, Pay Dividend [Published Nasdaq - May 21 2013]

More Content

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Deleveraging continues [Published FTSE Global Markets - May 24 2013]
HFSC Chairman Hensarling criticizes FSOC member... [Published BankCreditNews.com - May 24 2013]
Forthcoming RMBS deal feeds appetite of private... [Published HousingWire.com - May 24 2013]
CCD MD&A and 1st Quarter Results [Published TrustNet - May 24 2013]
Caution emerging in secondary RMBS? [Published Structured Credit Investor - Latest Issue News - May 24 2013]
Housing Recovery: Why Stagnant Income Won’t Sta... [Published Value Walk - May 23 2013]
LLOYDS BANKING GROUP PLC: Lloyds to Sell $8.7 B... [Published 4 Traders - May 23 2013]
LLOYDS BANKING GROUP PLC: Lloyds Bank Looks to ... [Published 4 Traders - May 23 2013]
Chairman Hensarling Opening Statement at Today'... [Published The Committee on Financial Services - May 22 2013]
Home Loan's Goal: Own Low-Risk Assets, Pay Divi... [Published Nasdaq - May 21 2013]
Home Loan's Goal: Own Low-Risk Assets, Pay Divi... [Published Investors Business Daily - May 21 2013]
Fitch Affirms PNC Bank's U.S. RMBS Servicer Rat... [Published Business Wire - May 21 2013]
What Will It Cost? [Published GARP - May 21 2013]
Bid list indicates first signs of GSE risk redu... [Published HousingWire.com - May 17 2013]
Freddie sale meets strong demand [Published Structured Credit Investor - Latest Issue News - May 17 2013]
HLSS Markets Servicing Advance ABS; Eyes Future... [Published Securitization Intelligence - May 14 2013]
Ellington Financial Prices Public Offering of C... [Published Individual.com - May 14 2013]
Ellington Financial LLC to Present at the JMP S... [Published Yahoo! Finance - May 10 2013]
Ellington Financial LLC to Present at the JMP S... [Published Barchart - May 10 2013]
Ellington Financial prices IPO [Published HousingWire.com - May 10 2013]
Ellington Financial Prices $131.5 Mln Stock Off... [Published RTTNews.com - May 09 2013]
Moodys Analytics Adds Autos to Portfolio Analyz... [Published Equities.com - May 09 2013]
Fitch: Risk Assets Remain Prominent in U.S. Tri... [Published Individual.com - May 09 2013]
Evolution of Correspondent Lending; What Happen... [Published MortgageNewsDaily - May 09 2013]
Q&A: Deer Park Closes One Fund, Opens Another [Published FINalternatives - May 09 2013]
Ellington Financial LLC Announces Public Offeri... [Published Reuters UK - May 08 2013]
Ellington Financial LLC Announces Public Offeri... [Published Sacramento Bee - May 08 2013]
Ellington Financial LLC Announces Public Offeri... [Published Reuters - May 08 2013]
Ellington Financial LLC Announces 5M Share Publ... [Published Benzinga.com - May 08 2013]
Ellington Financial LLC Announces Public Offeri... [Published Zecco - May 08 2013]

Blogs

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NewOak: Alt-A jumbo loans add diversity to inco... [Published Housing Wire - Apr 29 2013] Whole loan portfolios of well underwritten Alt-A jumbo residential loans with full documentation deserve consideration in constructing diversified income-oriented investment plan, Ron D’Vari of NewOak said read more ...
Was the SunTrust Agency “Shortcut” the Biggest ... [Published The Big Picture Blog - Apr 22 2013] From a longstanding Housing analyst: After reading Gretchen Morganson’s article on the front page of the business section last week (“ Note to New S.E.C. Chief: The Clock Is Ticking “) we are confronted with a massive potential legacy loan fraud at ...
Mortgage firms turn attention to worst performi... [Published Housing Wire - Apr 03 2013] Barclays estimates 40-45% of loans in subprime and 25-40% in Alt-A/prime fall into this bucket. Liquidations of these mortgages are expected to double in the next year or two. read more ...
Alan Pyke: Emerging Conservative Attack On Affo... [Published Media Matters for America - County Fair - Apr 03 2013] Conservative media figures are painting a new White House push on affordable housing with the same dishonest brush they used to shift blame away from Wall Street for the housing bubble that precipitated the 2007-08 financial crisis. On the April 3 edition ...
Zynga and 31 Stocks Making Deal Buzz This Week [Published Wall St. Cheat Sheet - Mar 16 2013] Here’s your Cheat Sheet to this week’s top mergers and acquisition news: Zynga ( NASDAQ:ZNGA ): Closing price $3.60 Shares of the largest maker of online social games touched their highest price since July on chatter it could be acquired by Yahoo. ...

Press Releases

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Fitch Affirms PNC Bank's U.S. RMBS Servicer Rat... [Published Business Wire - May 21 2013]
Legg Mason BW Global Income Opportunities Fund ... [Published Business Wire - Apr 29 2013]
Moody’s Analytics Adds Autos to Portfolio Analy... [Published Business Wire - Apr 25 2013]
Fitch Affirms Vericrest's Primary & Special RMB... [Published Business Wire - Apr 15 2013]
Home Loan Servicing Solutions, Ltd. Completes A... [Published GlobeNewswire: Acquisitions News - Mar 14 2013]