Merscorp Holdings will provide the state of Delaware's Department of Justice Consumer Protection Unit a semi-annual report detailing results of its internal audits, according to the terms of a settlement agreement that resolves the state attorney general's October 2011 lawsuit against the private loan registry.
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This is the first dip in the rate since February, according to CMBS data provider Trepp.
September 4 -
Walter Investment Management Corp. has agreed to buy Reverse Mortgage Solutions in a deal worth $120 million.
September 4 -
The FHFA study on single-family g-fees shows the fees paid by the five largest lenders averaged 26 basis points by yearend 2011.
September 4 -
GM Financial is set to sell a $1.1 billion auto ABS while Volkswagen is planing to issue a German auto lease-backed offering.
September 4 -
Following the €500 million ($629 million) placement of the first aircraft covered bond in early July, the head of origination at the issuing bank Norddeutsche Landesbank, Thomas Cohrs, believes the prospects are good for further issuance.
September 4
- Europe
Sapient Global Markets launched a set of services designed to help investors meet requirements under the European Central Bank's ABS loan-level initiative.
September 4 -
Paris-based independent cooperative finance firm Groupe GIAC arranged the €80 million cash transaction. GIAC provides long-term financing to French companies.
September 2 -
The search for yield is providing some much-needed liquidity for a small corner of a market that has yet to recover from the financial crisis: auction rate securities.
September 1 -
There is no rest for weary U.S. ABCP market participants who have been 'up against it' almost non-stop for the past five years.
September 1 -
Activity in the primary securitization market was muted in August, with little new issuance in auto loans.
September 1 -
The continued difficulty of acquiring repossessed, single-family homes to rent on a significant scale makes it unlikely that these assets will be securitized this year.
September 1 -
Whatever the program's intentions, it is wrong to believe that the GSEs would not be financially damaged by the proposed program.
September 1