The wholesale lender filed a motion to dismiss the case, or at least to strike the class action certification in mid-October.
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Republic First Bank allegedly discriminated against minority borrowers before it went under in April. New Jersey officials want both the acquirer of its remains, Fulton Bank, and the FDIC to assume some responsibility.
October 31 -
Blue Own Asset Leasing's notes benefit from a reserve account representing 1% of the pool balance, overcollateralization, and a senior-subordinate repayment structure.
October 31 -
Core PCE held steady as service costs rose, but the overall report maintains the central bank's flexibility ahead of next week's Federal Open Market Committee meeting.
October 31 -
All the assets benefit from Federal Housing Administration insurance a sequential payment structure and the subordination of servicer advances, if there is no servicer termination event.
October 30 -
Local Law 79 affects roughly 15,000 commercial real estate buildings in New York City, a market ripe for securitization.
October 29
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The average size of a Small Business Administration 7(a) loan has fallen to just over $400,000, a level last reached in 2017, according to agency statistics.
October 29 -
The notes receive credit enhancement from overcollateralization, and an initial reserve.
October 29 -
Freddie Mac also indicated that it will be proceeding with its closely watched second-lien pilot, while Fannie reported gains in serving credit invisible borrowers.
October 29 -
Positive feedback from participants in existing programs led to the decision to expand them in order to assist more lenders.
October 28 -
As it gets ready for more competition from VantageScore, the company also did not comment on reports of yet another impending price hike.
October 28 -
The assets are composed of seasoned mortgage loans financing a range of residential property types.
October 28 -
The longtime JPMorgan Chase CEO discussed the Basel III endgame capital rules, interchange fees and open banking during a fireside chat at the American Bankers Association's annual conference.
October 28