Flagstar Bancorp (FBC) in Troy, Mich., will pay $110 million to settle allegations that it misrepresented the quality of more than $1 billion of private label mortgage-backed securities it sold to investors.
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There is little proof that a doubling of guarantee fees in the last year by Fannie Mae and Freddie Mac has brought private investors back into the mortgage market, says the FHFA's inspector general.
July 16 -
Honda is planning to issue $1 billion of securities backed by auto loans, according to a filing with the Securities and Exchange Commission.
July 16 -
Goldman Sachs has established price talk on four classes of ‘AAA’-rated notes to be issued by its latest commercial mortgage backed securities conduit, GSMS 2013-GC13, according to a regulatory filing.
July 16 -
Discover Bank is planning a $500 million credit card debt securitization, according to a regulatory filing today.
July 15 -
Intermediate Capital Group priced a €400 million cash flow collateralized loan obligation, its third since the financial crisis.
July 15
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U.S. issuers have engaged Standard & Poor’s to rate 35 collateralized loan obligations totaling $16.5 billion as of July 3, flat to the previous week.
July 15 -
Wyndham Worldwide is planning a $250 million timeshare loan securitization, according to Fitch Ratings.
July 15 -
Spreads on collateralized loan obligations appear to have stabilized in the secondary market after widening in June, according to Wells Fargo.
July 12 -
The agreement reached in the Senate on federal student-loan interest rates will not have much of an impact on overall demand for these loans
July 12 -
No surprise, Santander's $891.14 million subprime auto loan securitization priced wide of levels on deals that came to market last month.
July 12 -
Barclays is expanding its West Coast staff that handles commercial mortgage backed securities (CMBS), the bank said today in a release.
July 12 -
Volkswagen Credit Plans to issue a $1 billion auto loan securitization deal called Volkswagen Auto Lease Trust 2013-A
July 11