In dealing with mortgage issues, the Consumer Financial Protection Bureau wants to ensure that customers have access to home loans—and that residential lenders have access to the secondary market.
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Only one county in the country–Fairfield, Conn.–will have a higher conforming loan limit in 2012. The ceiling in the other 3,200-plus counties will remain unchanged.
November 23 -
While bigger competitors have been cutting back in leveraged finance amid a decline in trading volume and slack underwriting, KeyBanc Capital Markets, the debt capital markets group of Cleveland-based KeyBank, continues to build out.
November 23 -
Suncorp Metway is in the market with a A$750million ($725 million) Australian RMBS.
November 23 -
The Pennsylvania Higher Education Assistance Agency (PHEAA) has paid $12.3 million to settle tax-law violations and protect the tax-exempt status of its student loan bonds.
November 23 -
The delinquency rate for loans in U.S. CMBS dropped seven basis points in October to 9.29%, according to Moody's Investors Service's latest Delinquency Tracker (DQT).
November 23
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A private investor is considering a plan to finance $250 million of debt from the professional ice hockey team the New Jersey Devils, according to a report in the New York Post.
November 23 -
Emirates NBD Capital (EmCap), previously known as NBD Investment Bank, has been transformed into a specialist advisory services boutique aiming to have a significant flow of capital transactions, according to a company press release.
November 23 -
Banks with more than $50 billion of assets must be "well prepared" to meet new international capital standards when they file capital plans next year, according to a final rule issued by the Federal Reserve Board on Tuesday.
November 23 -
Kroll Bond Rating Agency (KBRA) is seeking public comment on its auto loan ABS rating methodology. The report, which was released today, offers detailed insight into KBRA's rating methodology of prime and subprime U.S. auto loan ABS.
November 22 -
Situational volatility has led some potential issuers in the esoteric space to opt out of structured finance and seek financing elsewhere, market sources said.
November 22 -
Holliday Fenoglio Fowler (HFF) arranged a $120 million refinancing for nine full-service hotels on behalf of Investcorp. These loans will later be securitized in an adjustable rate deal.
November 22 -
U.S. District Judge Mariana R. Pfaelzer of the Central District of California yesterday certified a class action lawsuit in a case against Countrywide. The suit accuses the mortgage lender of deceptive practices in the sale of MBS.
November 22