Chairman of the House Oversight Committee Rep. Darrel Issa has asked NCUA’s Inspector General to investigate the use of contingency fees in civil suits against banks over their sale of MBS to five failed corporate credit unions.
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The increase in mortgage rates should limit mortgage refinancing activity with the exception of HARP related activity.
January 10 -
Macquarie Bank is marketing $500 million of notes targeting the U.S. investor base under its Australian auto securitization deal, SMART ABS Series 2013-1US Trust
January 10 -
Redwood is looking to issue another securitization deal this month that would keep in line with the company’s 2013 goal of boosting issuance over this year.
January 10 -
StormHarbour Securities LP announced that it hired Juan Del Rivero as senior advisor in the firm’s new Madrid, Spain office.
January 10 -
The American Securitization Forum is concerned that the Consumer Financial Protection Bureau's new Qualified Mortgages guildelines will dry up credit for non-prime borrowers.
January 10
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Santander Consumer USA priced its $1.25 billion securitization of subprime auto receivables called Santander Drive Auto Receivables Trust 2013-1.
January 9 -
Morgan Stanley and Bank of America priced its $1.23 billion commercial mortgage-backed securitization conduit, series 2013-C7 at strong levels.
January 9 -
The Minnesota Housing Finance Agency's $75 million of tax-exempt homeownership finance bonds mark its third use of a mortgage-backed pass-through structure that’s helped jumpstart new-money, tax-exempt borrowing for single-family housing.
January 9 -
Nissan Motor Acceptance Corporation upsized its prime auto receivables securitization deal yesterday to $1.36 billion from $1billion, on the back of strong investor demand.
January 9 -
Timothy Ryan is stepping down as president and chief executive of the Securities Industry and Financial Markets Association next month, the trade association said Tuesday.
January 9 -
Capacity constraints at mortgage lenders that limited the amount of refinancings they could process in November, meant business was held over into December resulting in prepayment speeds being unexpectedly higher last month.
January 8
