A top Capital One Financial Corp. executive said Tuesday that regulators and the public should be pleased that it wants to merge with ING Group's online U.S. banking unit, saying its purchase is substantially safer than other potential alternatives.
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Home prices, on average, ended August at $205,000, an almost 4% drop from last year, according to new figures compiled by Lender Processing Services (LPS), Jacksonville, Fla.
November 14 -
The National Credit Union Administration (NCUA) announced this afternoon it will receive $165 million from Citigroup and Deutsche Bank Securities to settle claims of wrongdoing in the sale of MBS to failed corporate credit unions.
November 14 -
November remittance data showed that the $192 million loan backed by the Manhattan Apartment Portfolio was liquidated. According to Barclays Capital CMBS analysts, if the loan's disposition strategy is right, this might be considered the largest note sale ever in CMBS.
November 14 -
Nordstrom is in the market with a private-label credit card deal underwritten by the Royal Bank of Scotland. The securitization is called Nordstrom Credit Card Master Note Trust II – Series 2011-1.
November 14 -
Federal Reserve Board Vice Chairman Janet Yellen said Friday the central bank will soon issue a long-awaited package of proposed rules implementing the Dodd-Frank Act.
November 14
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The ever-optimistic National Association of Realtors (NAR) believes the worst housing downturn since the Great Depression is almost over.
November 14 -
The European primary pipeline saw the addition of a new $500 million U.K. credit card deal via the Penarth Master Issuer Plc's medium-term note program.
November 14 -
Lawyers have opened a new front in mortgage securities litigation by suing BNY Mellon and U.S. Bank over an alleged failure to properly handle the storage and recordkeeping of mortgage documents.
November 14 -
House and Senate conferees will not restore the $729,750 maximum loan limit on GSE-backed mortgages in high cost areas, sources told ASR sister publication National Mortgage News this weekend — but they have agreed to bump up the limit on Federal Housing Administration (FHA) loans in lower cost areas.
November 14 -
Santander Consumer Bank is in the market with a €573.0 million ($780 million) securitization backed by a portfolio of German auto loans.
November 14 -
The CREL CDO delinquencies rose to 12.5% in October from 12% the prior month, according to the latest Fitch Ratings index.
November 11 -
The Securities and Exchange Commission (SEC) could hurt the housing recovery if it imposes tighter restrictions on real estate investment trusts that purchase and securitize mortgages, according to industry comments filed with the agency.
November 11