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Latest News

Fitch Eyeing Third-Party Loan-Level Reviews

– Fitch Ratings said it will now seek and evaluate third-party loan-level reviews on all residential mortgage pools it is asked to rate.

Refi Spike Straining Warehouse Lines?

– Mortgage Network, Danvers, Mass., has temporarily suspended its wholesale and correspondent originations.

Moody's Modifies New SF Measures

– Moody's Investors Service is modifying the two supplemental measures to its structured finance ratings that it introduced earlier this year.

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Features

Government Agencies Unveil Facility to Aid Consumer ABS

– The U.S. Department of the Treasury and the Federal Reserve announced a program meant to inject liquidity into the beleaguered financial system.

Mission Capital Sales Climb Amidst Bank Losses

– Mission Capital Advisors, a residential, commercial and consumer loan sale advisor, is one of the few firms to close deals in the paralyzed marketplace.

Firms Pick Up Structured Finance Pros

– The fallout in the ABS and MBS markets has triggered the development of a new trend: structured finance professionals lending their expertise to asset management shops.

Nov. Remits Show Deteriorating Collateral

– November remittance reports showed continuing performance deterioration, which was largely expected by Street analysts, though still dramatic.

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Glenn Costello

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Firm: Fitch Ratings

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Current Issue

Euro Credit Cards Hang in There

The European credit card sector is feeling the consumer pinch more brutally than anticipated, although market analysts believe card securitizations can withstand the pressure and avoid a subprime RMBS-style blow-up.

Current Issue

SFN Poll

What's next after the WaMu failure?




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