Investors are signing on to auto loan securitizations that allow sponsors to add new, and potentially riskier, loans to the pools of collateral at a later date
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Bank of America has agreed to pay the bond insurer MBIA $1.6 billion to settle a five-year-old dispute over losses related to soured mortgage-backed securities.
May 6 -
Big players remain largely absent from the re-emerging private-label residential mortgage-backed securities market.
May 6 -
A common securitization platform is under "full scale development" and should be ready for "significant testing" by next year, spokesmen for the government-sponsored housing enterprises said.
May 6 -
Lawrence Ceriello has joined Morrison & Foerster’s real estate finance group in New York as a partner.
May 6 -
CarMax is planning an $800 million securitization of used auto loans, according to a presale report issued today by Fitch Ratings.
May 6
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The percentage of loans paying off on their balloon date registered 64.6% -- eight points above the March reading of 56.6%, according to the Trepp April payoff report,
May 6 -
Having recently been approved to underwrite mortgage-backed securities, W.J. Bradley Financial Services is planning to do just that, according to President Kent Usell.
May 6 -
Fitch Ratings today announced that Andrew Smitiuch will head its Canadian Business.
May 6 -
A number of community banks are discovering that bulking up on student loans is easier said than done.
May 6 -
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.
May 3 -
Palmer Square Capital Management, an investment management firm that provides portfolios of structured credit, collateralized loan obligations and hedge fund strategies, has added Jeffrey Fox as executive director.
May 3 -
Controvery over the Mexican equipment lease sector
May 3