Latest News

RBS Taps MBS Team from Bear

August 28, 2008 – The Royal Bank of Scotland has added 16 new members to its mortgage-backed securities group, 15 of which are from Bear Stearns...

MoFo Adds Partner to Office in China

August 28, 2008 – Morrison & Foerster has hired Stephen Birkett as a partner in its corporate group in Hong Kong.

Fannie Reports Management Shakeup

August 28, 2008 – A management shakeup at Fannie Mae has placed Peter Niculescu in charge of the single-family business and capital markets and named David Hisey, the new chief financial officer.

• MBIA to Reinsure $184B of FGIC's U.S. Public Finance Book
• Fixed Mortgage Rates Dip, Adjustables Higher
• GSEs Exit Subprime Lending in New York

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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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