Members of the Senate Banking Committee voiced significant concerns Tuesday in how the agency in charge of overseeing Fannie Mae and Freddie Mac has been lagging behind in critical areas identified by a government watchdog.
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The banking regulators reissued guidance on Tuesday that requires institutions to monitor all credit quality indicators for mortgage borrowers, specifically citing junior liens as a potential problem.
February 1 -
Ally Financial disclosed Tuesday that it will incur a $270 million charge in the fourth quarter – and an overall loss for the entire firm – due to what it calls “penalties” imposed by regulators and the states tied to “foreclosure related matters.”
January 31 -
Hogan Lovells has expanded its New York finance practice by adding Peter Humphreys and Evan Koster.
January 31 -
DZ Bank sued JPMorgan Chase yesterday in the New York State Supreme Court in Manhattan, according to a Bloomberg report.
January 31 -
Philadelphia-based financial services firm Janney Montgomery Scott has expanded its capital markets group with new hires and plans to open an office in Dallas.
January 31
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The agency debt and agency MBS fails charge trading practice recommended by the Treasury Market Practices Group (TMPG) goes into effect tomorrow.
January 31 -
As part of its plan to launch its commercial lending unit in April, General Motors Financial Co. (GM Financial) has chosen DataScan Technologies as its systems provider for the business.
January 31 -
PFS Financing Corp. is in the market with a $300 million premium finance ABS. The deal comprises a Class A worth $288 million and a Class B worth $12 million.
January 31 -
A proposal by the Obama administration to help more struggling borrowers refinance into cheaper loans is prompting questions: Could it prompt an increase in interest rates, after a long period of low rates? And is this a program that can relieve the housing crunch, or just another Band-Aid?
January 31 -
The Consumer Financial Protection Bureau (CFPB) released its first semi-annual report to Congress Monday, outlining the steps it has taken to get the bureau off the ground in its first six months.
January 31 -
Boutique investment bank The Williams Capital Group has added a new division called Eland Capital to address structured finance opportunities for corporate, federal, state and local government clients.
January 31 -
Lender Processing Services (LPS) has responded to the civil complaint filed by the Nevada Attorney General Catherine Cortez Masto against the company in December last year.
January 31