The group of state attorneys general lead by Iowa's Tom Miller have offered the banking industry new settlement terms in their negotiations around the robosigning controversy, according to a Financial Times report.
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Lawmakers are questioning Bank of America's recent transfer of derivatives from its Merrill Lynch subsidiary to its retail bank subsidiary.
October 28 -
Iowa Student Loan Liquidity Corp. is in the market with a student loan transaction worth $249 million, according to a preliminary offering memorandum. Morgan Stanley is managing the transaction.
October 28 -
Miramax Film said it plans to refinance outstanding debt with a film rights and contracted receivables ABS.
October 28 -
The Federal Housing Finance Agency Thursday morning released new estimates on the ultimate cost of bailing out Fannie Mae and Freddie Mac, cutting its worst case scenario projection to $311 billion from $363 billion.
October 27 -
During the first nine months of the year Fannie Mae issued $16.7 billion of multifamily MBS, already surpassing its volume for all of last year.
October 27
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Ocwen Financial Corp. is on a shopping spree, and it's not planning to stop anytime soon.
October 27 -
A new timeshare deal from Starwood Hotels is slated to price next week, according to a Bloomberg report.
October 27 -
ABN Amro has set up a new securitization vehicle that largely mirrors the bank's existing Dolphin Master Trust.
October 27 -
President Obama’s proposal for student loans may not directly affect private student loans but it's likely to see these loans shifted to the Federal Government.
October 27 -
Cabela’s Incorporated said that Cabela’s Credit Card Master Note Trust completed the sale of $300 million of Asset-Backed Notes, Series 2011-IV.
October 27 -
Both the chief executive officer and the chairman of the board of Freddie Mac are stepping down within the next few months, the Federal Housing Finance Agency (FHFA) said late Wednesday.
October 27 -
Freddie Mac reported mortgage rates held fairly steady in the week ending Oct. 27. The 30-year fixed mortgage rate averaged 4.10% with an average 0.8 point, down one basis point from last week, while 15-year fixed rates were unchanged at 4.38%.
October 27