Tag:
Securitization
Latest Headlines
Latest Headlines
Regulators propose new rules for mortgage securitization
What will the standard residential mortgage of the future look like? Well, frankly it may not be all that different from an end-user standpoint. Dodd-Frank required--and the FDIC just agreed to formally propose--that entities that securitize residential loans must keep at least 5 percent of the cr
Goldman Sachs to exit mortgage servicing business?
We wondered not so long ago whether Goldman Sachs ( NYSE: GS ) had come to regret its purchase of Litton Loan Servicing back in December 2007. It's been a headache, that's for sure. And the mortgage servicer doesn't seem to offer much in the way of synergies any more. We're not sure it ever
Securitization made safe again?
Most people would agree that securitization offers tremendous economic benefits, even though there have been some recent abuses. The concept is sound; it's the specific products that have been controversial.
The FDIC has set some new standard and would like to require more loan-level disclosur
Can MERS survive scrutiny?
The foreclosure mess that banks are now suffering through has generated lots of media about so-called robo-signers and the legality of what they do. A less-discussed issue has been the life cycle of a mortgage, that is, the daisy chain that most mortgages spin through as it is sold from the bank t
Securitization of delinquent loans heats up
In the immediate aftermath of the credit crunch, some commentators were more than willing to lump the whole idea of securitization in with other Wall Street woes. That was always a bit naive. But some may detect some irony now that securitized deals may come to the rescue of one section of the non
Synthetic CDOs: A symbol of excess?
What to make of synthetic CDOs ( CDO news)? To some, they represent the excesses of an era, an example of securitization taken to a level at which they cease to serve a virtuous economic function. Others might argue that they are part and parcel of the risk management and speculative tools
The future of securitization
The last thing anyone wants to do is throw the proverbial baby out with the bathwater. The industry's baby in this case is securitization, which ranks as perhaps the most profound financial movement of the past half-century ( financial data security news).
You would be hard-pressed to find
The future of securitization?
For all the angst we've experienced over securitization in the credit markets, the fact remains that if done well it can add a massive amount of liquidity to the system--and that fuels the economy. So even as banks are still struggling with toxic assets, people are concerned that as people lose mo
The new face of securitization
Did anyone really think that the financial whiz kids at top banks would give up on securitized products? Of course not. The Financial Times reports on the new "smart securitization" product that Barclays Capital is rolling out. Barclay's new product essentially pools the assets of several clie
What really went on in the mortgage industry?
Business Week offers an arresting article on so-called "mortgage wholesalers," whose job was to buy up loan applications from mortgage brokers on behalf of big lenders. The competition got so intense that some resorted to offering you know what (it rhymes with hex; the word may trigger spam fi
