SoFi's fourth issuance of marketplace loans includes more contracts in the pool with terms of 24 months, 48 months and 60 months, and fewer 36- and 84-month loans.
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A year after Fannie Mae launched its first credit-risk transfer securitization using a real estate mortgage investment conduit, Freddie is now electing to also opt for a REMIC format in offloading the credit risk to private investors.
October 10
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The developer of the newly constructed Washington, D.C., headquarters for Fannie Mae is securitizing part of its $525 million, 10-year mortgage through a single-asset, mortgage-backed transaction.
October 10
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Property assessed clean energy (PACE) securitization transactions are still feeling the chilling effects of tighter regulations meant to boost consumer protections, but Ygrene Energy Fund is still preparing to come to market with a sizable $312.7 million transaction.
October 9
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Private-label securitizations haven’t commanded a meaningful share of the mortgage-backed market in a decade. Trump administration officials seem intent on changing that
October 8
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The reforms will result in significant changes to the proprietary trading ban first proposed by former Federal Reserve Chairman Paul Volcker and mandated in the Dodd-Frank Act.
October 8
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The two Democrats waded into a court battle over the president's ability to fire a director of the Consumer Financial Protection Bureau.
October 8
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TGP is marketing the $1.23 billion TRTX 2019-FL3 Issuer, Ltd. Transaction, which has an initial pool of 22 borrowers of interest-only bridge loans on properties undergoing rehabilitation or conversion.
October 8 -
The end of the qualified mortgage patch should further accelerate non-QM origination growth, but is the mortgage industry ready?
October 8
- LIBOR
Investors and issuers understand Libor’s end is a near certainty. But many remain unprepared to replace the benchmark
October 8
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The Federal Housing Administration chief has already been serving as the acting deputy secretary of the Department of Housing and Urban Development.
October 8
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BX Commercial Mortgage Trust 2019-XL, via Citigroup, features 11 note classes backed by a floating-rate, first-lien mortgage on 406 Blackstone-owned properties with a tenant roster of over 2,000 lessees — including Home Depot, UPS, FedEx and Amazon.
October 7
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The industry had welcomed the Consumer Financial Protection Bureau plan allowing debt collectors to use electronic communication, but some worry about the effect of a court decision concerning email correspondence.
October 7
