I recently completed the book Reckless Endangerment, a widely discussed and heavily promoted perspective on the mortgage and financial crisis. While the book is quite interesting and illuminating at times, it is a poorly written, incomplete and flawed analysis of recent events.
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Toyota Motor Credit Corp. filed with the Securities and Exchange Commission (SEC) to issue a more than $1 billion deal under its Toyota Auto Receivables 2011-B Owner Trust.
September 16 -
A verdict in Los Angeles Superior Court Friday has conjured up a shared happy ending between DoubleLine Capital CEO Jeffrey Gundlach and his former employer The TCW Group after more than two years of legal wrangling.
September 16 -
The rating agencies continue to rework their criteria in an effort to be more transparent in their methodology.
September 16 -
Barclays Capital and FundCore Finance Group have established a CMBS loan origination and securitization program.
September 16 -
Fannie Mae has apparently doled out part of a large subservicing contract on Bank of America MSRs to the residential servicing division of International Business Machines (IBM), according to industry advisors who have been briefed on the deal.
September 16
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Some of the nation’s top banks including Bank of America and JPMorgan Chase – which also rank first and third, respectively in terms of housing receivables – flunked Fannie Mae's latest test of mortgage servicers, but the GSE isn’t exactly saying that.
September 16 -
Wilmington Trust added five capital markets professionals to serve clients in Wilmington, Del., Los Angeles, Calif., and Dallas, Texas.
September 16 -
Lawyers for Barclays Capital last week told a federal court fraud claims regarding a failed CDO it sold to Eastern Financial Florida Credit Union, the biggest ever credit union failure, are barred by the statute of limitations on such securities suits and should be dismissed.
September 16 -
Foreclosure activity increased 7% in August over the prior month – but was down 33% compared to the same month a year ago, according to new figures compiled by RealtyTrac.
September 16 -
Bill Beckmann begins each week with a flight from his home in St. Louis to Washington, D.C. The weekly flights have become a routine of sorts since he took on a job that of late, has become among the most daunting among executive jobs in the mortgage industry, president and chief executive of Merscorp.
September 15 -
Avis Budget Group filed an 8-K with the Securities and Exchange Commission (SEC) yesterday.
September 15
