PIMCO Quits SIFMA Splinter Group
PIMCO is leaving the American Securitization Forum, an offshoot of SIFMA that represents underwriters and holders of securitized debt. The bond fund behemoth cited what it believed was a lack of advocacy on behalf of the organization’s money manager members as the reason.
Foreclosures Set to Surge in 2012
The struggling U.S. real estate market may get a fresh kick in the legs from an increase in foreclosures in 2012 after an ebbing of the robo-signing controversy that slowed down repossessions in 2011.