Several large and regional banks have disclosed in recent days what their capital ratios would look like if Basel III were in effect now and early results show that First Horizon National, Huntington Bancshares, SunTrust Banks and TCF Financial would take the biggest capital hits if they do not take steps to change their asset mix.
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The Federal Housing Administration has opened the bids for its Sept. 12 sale of 5,000 nonperforming formerly insured FHA loans and the results are “very, very positive,” acting commissioner Carol Galante said.
September 14 -
FDIC Acting Martin Gruenberg said that regulators can complete the Volcker rule, , which implements the Dodd-Frank Act's ban on proprietary trading by banks, before January. 1, 2013.
September 14 -
Rep. Scott Garrett, R-N.J., is working a bill that would encourage the re-emergence of a private-label securities market by exempting certain loan pools from risk retention and SEC registration.
September 14 -
In August, roughly $2 billion loans were resolved and taken out from the index versus $1.7 billion of new delinquencies added to the index.
September 14 -
Bluegreen Corp. has completed a timeshare ABS while Westgate Resorts' deal got rated by S&P for a combined $122 million tally of transactions in the sector.
September 14
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The Consumer Financial Protection Bureau opposes a 20% downpayment on low-risk mortgages. It will not use its special rule-writing powers to undermine the Dodd-Frank Act, director Richard Cordray told lawmakers Thursday.
September 14 -
Survey respondents also expect two important buyers of loans, CLOs and loan mutual funds, to boost their assets in 2013.
September 14 -
General Electric Capital Corp. is planning to issue a securitization under its GE Equipment Midticket LLC, Series 2012-1.
September 13 -
Freddie Mac, after being criticized by the Inspector General’s office of its regulator, has improved its mortgage buyback reviews and could recoup an additional $3.4 billion in damages.
September 13 -
MBS valuations can stay rich and tighten further based on the strong technical backdrop the announcement creates.
September 13 -
Citibank securitization analysts said in a report today that the global slowdown, Europe's debt crisis and the deteriorating U.S. economy have bolstered the ABS market's resolve to remain short and high quality.
September 13 -
The GSEs will continue to “maintain their own securitization operations and continue to issue their own securities,” the Federal Housing Finance Agency Acting Director Edward DeMarco said.
September 13