Congress did not intend to impose additional legal liability on lenders that originate properly underwritten loans, according to 106 members of the House of Representatives.
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The Dusseldorf, Germany-based bank claims Citigroup and Goldman Sachs made "material misrepresentations" about the loans backing the securities
September 6 -
Increased adverse selection in pre-2005 RMBS mortgage pools has led to higher delinquencies for pre-2005 loans, according to a Fitch Ratings report.
September 6 -
The Aon Benfield report said that 2Q12 concluded the most active first half in five years.
September 6 -
Willis Lease Finance Corporation said in a Sept. 6 press release, that it is planning a $390 million securitization of commercial jet engine leases.
September 6 -
In its Request for Comment, Standard & Poor's projected that the changes will impact roughly 25% of outstanding U.S. and Canadian CMBS ratings, but the final version only affects 10%.
September 5
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A downpayment requirement in the ‘Qualified Residential Mortgage’ rule will create a barrier to homeownership for low- and moderate-income families, six consumer groups said.
September 5 -
The Stamford, Conn.-based firm is marketing a cash-flow deal with a target par amount of $250 million.
September 5 -
Federal regulators are seeking public comment on their new Basel III capital proposals and there are hints they may be changing their stance on private mortgage insurance when it comes to calculating risk weightings for residential mortgages.
September 5 -
Equipment leasing company LEAF Commercial Capital plans to issue three triple-A rated tranches insured by Assured Guaranty Corp.
September 5 -
Analysts at DBRS, in a report published today, said that the renewed interest in reforming the bankruptcy law to make writing off student loan debt a possibility won't necessarily create the "moral hazard" some lenders fear.
September 5 -
Ally Bank has filed with the Securities and Exchange Commission (SEC) a preliminary prospectus to issue under Ally Auto Receivables Trust 2012-SN1 a $759.4 million ABS.
September 5 -
Mortgage application declined 2.5% for the week ending Aug. 31 despite easing in mortgage rate levels.
September 5