United States

Andrew Park

Subprime auto deals being marketed for next week

Feb 13 2015

NEW YORK, Feb 13 (IFR) - Bankers returning from Vegas have started marketing a number of deals for next week, primarily in the subprime auto space.

JP Morgan RMBS case faces bondholder pushback

Dec 17 2014

NEW YORK, Dec 17 (IFR) - A group of mostly small investors is challenging the US$4.5bn settlement that JP Morgan agreed more than a year ago over RMBS bonds that soured when the housing market collapsed.

Court delays stymie lottery-ticket RMBS buyers

Nov 07 2014

NEW YORK, Nov 7 (IFR) - Investors who bought battered or so-called "lottery-ticket" RMBS bonds in hopes of a big payday are having to wait longer than expected before cashing in, due to drawn-out fights in court.

Investor hopes rise for huge settlements in ex-Lehman RMBS

Nov 04 2014

NEW YORK, Nov 4 (IFR) - Investors pursuing claims against US banks for losses on pre-crisis RMBS believe recent developments in the Lehman Brothers bankruptcy case have bolstered their ability to get substantially higher payouts versus previous settlements.

Tax relief stalemate hangs over RMBS mortgage bonds

Sep 04 2014

NEW YORK, Sept 4 (IFR) - Investors holding non-agency RMBS bonds could wind up with surprise losses if US mortgage debt relief legislation is not extended soon, but the measure has been held up by political stalemate.

Legacy RMBS hold upper hand over new mortgage trades

Aug 28 2014

NEW YORK, Aug 28 (IFR) - RMBS left over from the wreckage of the subprime crisis are finding renewed favor with investors, siphoning off demand for new mortgage-backed instruments by offering juicier yields.

World News