A recent story on Bloomberg reported that Treasury officials are leaning toward a specific option outlined in 2011's white paper on the future of the GSEs. While their preferred option is impractical and unworkable, I believe that Fannie and Freddie can be restructured to serve as the foundation for a new mortgage system backed by private capital.
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Given the economic uncertainty in Greece, many investors were interested in the results of the Greek election last weekend that resulted in New Democracy (ND) leader Antonio Samaras winning.
June 19 -
The Consumer Financial Protection Bureau (CFPB) will begin publishing credit card complaints today in a searchable database, allowing the public for the first time to scrutinize the way individual banks handle complaints.
June 19 -
The Federal Reserve Bank of New York is selling assets from 11 CDOs forming part of its Maiden Lane III (ML III) portfolio. Offering circulars were released yesterday.
June 19 -
A group of former policymakers are arguing that the government is not making good use of the regulatory reforms enacted in the Dodd-Frank Act nearly two years ago.
June 19 -
The chief financial officer of the now-defunct Taylor Bean & Whitaker (TBW) will be spending at least five years in prison for concealing the fraudulent activities of the privately held mortgage banking company.
June 19
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For most consumer and commercial asset-backeds, the new draft final rules for risk-based capital are expected to result in capital charges that are higher compared to those under Basel II.5 or III, according to Bank of America Merrill Lynch analysts in a recent report.
June 18 -
Monroe Credit Advisors, an affiliate of middle market lender Monroe Capital, said it added Jeff Knopping as a managing director and partner to open its New York office.
June 18 -
3i Debt Management has hired former Credit Suisse CLO chief Andrew Bellis to head up the firm’s global growth effort, the company said.
June 18 -
The credit scoring system is broken, plain and simple.
June 18 -
Auto and credit card securitizations are filling the pipeline this week. There is also a timeshare deal from Marriot Vacations Worldwide Corp. (MVW).
June 18 -
Wells Fargo & Co. ended March with $1.84 trillion of residential servicing contracts on its books, once again ranking first — but barely growing its market share.
June 18 -
The Mortgage Bankers Association (MBA) has formed a select committee to find a replacement to departing president David Stevens with 15 candidates being thrown into the pool, according to officials familiar with the process.
June 18