Jeremiah Norton, one of the newest directors at the Federal Deposit Insurance Corp. (FDIC), warned of more profit squeezing and regulatory "headwinds" during his first public speech since joining the agency.
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Fitch Ratings said that not like other traditional CMBS deals, all collections are aggregated and applied to one waterfall.
September 7 -
Depositories will continue to enjoy robust residential gain-on-sale margins through the third quarter, increasing both revenues and earnings, Credit Suisse said.
September 7 -
Wells Fargo Bank has various controls and procedures in place to handle the onslaught of modified CMBS loans returned from special servicing, Fitch Ratings said in a just-released report on the bank's servicing platform.
September 7 -
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The first week of September was really about the last two days. The European Central Bank made a monetary policy decision on Thursday while Friday's employment report increased the chances that the Fed will implement QE3 this month.
September 7
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The Securities Industry and Financial Markets Association and the American Securitization Forum wrote letters to the FHFA supporting its stance on eminent domain.
September 7 -
A federal judge ruled yesterday that an agreement between National Credit Union Administration and Goldman in 2010 allowed the regulator to extend the statute of limitations on securities claims.
September 7 -
National Credit Union Administration late this week filed suit against the bank for securities fraud in a $1.1 billion MBS sale to two credit unions.
September 7 -
Post crisis dealer floorplan ABS transaction have higher credit enhancement requirements than deals done before 2009, according to Sept. 9 Barclays Capital report.
September 7 -
Stranded assets, dealer floorplan, rental car, franchise, aircraft and container ABS should be treated as corporate credit risk to avoid the hefty risk capital based charged to off-the-run Consumer ABS deals, said a Citibank report today.
September 6 -
New hire Margaret Kerins will build BMO’s strategic product as part of its global fixed-income platform, including MBS.
September 6 -
Today a three-judge panel of the appeals court reversed a ruling that favored the investment bank in 2010.
September 6
