The outlook for World Omni Auto Receivables Trust, 2019-C should hinge in part on the capabilities of World Omni in the role of originator, underwriter and servicer. So it is probably a boon to the deal that Fitch Ratings says it believes that the company is capable in all those roles.
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The ratings agency's monthly auto loan ABS index tracker shows losses and 60-plus-day delinquencies decreased both month-over-month and year-over-year.
November 29
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Developer Stephen Ross' firm is among a trio of sponsors securitizing part of a $1.245 billion loan for another office tower development in New York's Hudson Yards submarket.
November 29
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Loan limits for most mortgages Fannie Mae and Freddie Mac buy will exceed $500,000 for the first time ever next year, and the maximum for most high-cost areas will be $765,000.
November 27
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From product-specific variations in refinancing rates to pockets of depreciation in an otherwise healthy market, here are some details in housing-related data that highlight important underlying trends in the mortgage business.
November 27
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The high court scheduled oral arguments on March 3 in the lawsuit dealing with a president's ability to fire the head of the Consumer Financial Protection Bureau.
November 26
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Provident 2019-1 is a $337.6 million deal that includes 947 fixed-rate mortgage loans that meet qualified-mortgage safe harbor loan standards as well as GSE eligibility despite prime-jumbo status.
November 26
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JPMorgan Mortgage Trust 2019-10 is a securitization of 388 prime-quality, large-loan mortgages that are mostly considered non-conforming, but meet qualified-mortgage (ability-to-repay) standards of the Consumer Financial Protection Bureau.
November 26
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Lenders contend the proposal goes beyond policing third-party debt collectors and could expose banks to enforcement actions and lawsuits.
November 25
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The two deals continue a late-year surge of private-label RMBS deal volume totaling $8.37 billion priced since Oct. 1.
November 25
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Democracy Forward filed the lawsuit Monday against the consumer bureau, Director Kathy Kraninger, the U.S. Department of Education and Education Secretary Betsy DeVos.
November 25
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AMSR 2019-SFR1 Trust is a $442.94 million transaction backed by a single-loan secured by 2,525 SFR properties in 13 states, according to presale reports from Moody’s and DBRS Morningstar.
November 25
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The nonbank share of large mortgage servicing is growing, but smaller players tend to be depositories, the Consumer Financial Protection Bureau found in a new report aimed at examining regulatory impacts.
November 22
