WASHINGTON — Supporters of the Consumer Financial Protection Bureau (CFPB) are dismissing a new lawsuit that seeks to abolish the agency as a political stunt, and even bank industry insiders who would like the case to succeed are privately calling it an uphill battle.
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Tom Deutsch, executive director of the trade group, warned Chicago against the use of eminent domain to take underwater mortgages.
August 14 -
Ally is seeking to divest more than $30 billion of assets in Canada, Mexico, Europe and Latin America.
August 14 -
But Ginnie officials are reluctant to take on more lenders, especially those who do not have the financial strength to share the risk of loan defaults.
August 13 -
The bureau's rules will further increase compliance costs and can result in midsized and smaller servicers joining forces.
August 13 -
Pricing Spreads for CMBS bonds printed in the first week of August continue the tightening trend seen since the beginning of July.
August 13
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A court document shows the agreed upon schedule for the discovery process and the hearings. The schedule specifies the dates and somewhat increases the timing certainty, Barclays said.
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The deal is Highbridge's first CLO and includes a $200 million tranche expected to be rated 'AAA' by S&P and Moody’s.
August 13 -
Mark Foster will focus on legal issues surrounding real estate offerings.
August 13 -
The trust is backed by retail installment sale contracts of new and used Honda and Acura automobiles and light-duty trucks as well as new and used Honda motorcycles.
August 13 -
The insurer's net income improved to $376.5 million in 2Q12 from a net loss of $43.1 million in 2Q11.
August 13 -
The agency alleged that the banks misrepresented the quality of the loans underlying RMBS that Colonial purchased.
August 13 -
AG Mortgage Investment Trust plans to hold a public offering of 5,000,000 shares of its common stock to purchase more residential mortgage-backeds.
August 10