The Federal Home Loan banks (FHLBanks) increasingly turned to offering short-term, unsecured credit to financial institutions exposed to the turmoil in Europe as the 12-member cooperative's own core business dwindled, a government watchdog said Thursday.
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BShould the FHFA raise fees high enough, it could eventually resurrect a private securitization market and shrink Fannie and Freddie.
August 16 -
The public report will be based on a tally of the relief provided so far on a state-by-state basis, monitor Joseph Smith said
August 16 -
The RUB13.2bln RMBS deal is the sixth for Russia's Agency for Housing Mortgage Lending.
August 16 -
New issue volume for credit card ABS has already surpassed 2011 volumes despite the contraction of receivables balances for existing credit card trusts.
August 16 -
Freddie Mac reported 30-year fixed mortgage rates averaged 3.62% for the week ending August 16, up three basis points from last week.
August 16
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Lehman Brothers Holdings has removed WCAS Fraser Sullivan as the manager of a portfolio of commercial loans.
August 16 -
Jill Showell, who was formerly from PMI Group, becomes the mortgage servicer's senior vice president for government and community relations.
August 16 -
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The automobile finance firm has acquired subprime auto loan lender Resurgent Auto Finance and has secured fresh capital for growth.
August 15 -
Small servicers would essentially be subject to many of the same requirements that came out of the $25 billion mortgage settlement.
August 15 - Europe
The German bank placed a synthetic securitization backed by mezzanine risks worth €120 million.
August 15 -
Stabilizing fundamentals and favorable performance so far this year has reduced Fitch’s concerns over potential losses for life company mortgage investments.
August 15
