With prospects for government-sponsored enterprise reform improving, players in the private residential mortgage-backed securities market are starting to think about how they could better compete against the GSEs while awaiting change.
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The notes are backed by receivables from private-label, dual-card originations by Synchrony via retail partners.
June 13 -
The Federal Housing Finance Agency has appeared willing to take its own steps to reform Fannie Mae and Freddie Mac, but legislation would be necessary to create an explicit guarantee of the mortgage system.
June 13 -
Foursight's first deal of 2019 has a rising 36.6% share of subprime borrowers from its lower-tier loan programs.
June 13 -
OBX 2019-INV2 is a private-label RMBS pool of 1,087 of agency-eligible investor-property loans.
June 12 -
Fitch says credit quality in the California-based bank's auto-loan originations have deteriorated slightly with more exposure to near-prime borrowers.
June 12
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Director Mark Calabria urged lawmakers to grant the agency chartering authority similar to that of bank regulators to boost competition in the mortgage market.
June 12 -
The New York developer is apportioning part of a recent $595M loan via a Credit Suisse conduit to finance a full repurchase of its Manhattan HQ.
June 11 -
The agency announced the series in April as an effort to encourage public dialogue on policy issues.
June 11 -
Prepayment speeds for loans included in agency mortgage-backed securities were up approximately 20% both monthly and annually during May as the decline in interest rates boosted activity, according to Keefe, Bruyette & Woods.
June 11 -
Harley-Davidson Credit Corp.'s first securitization in three years coincides with its parent firm's struggles to cope with steep EU retaliatory tariffs.
June 11 -
Rating criteria changes and a ruling in the Puerto Rico III case have undermined some investors' and analysts' confidence in revenue pledges.
June 10 -
The pool of 497 loans includes first-lien fixed- and adjustable-rate mortgages for single-family homes and multifamily properties, primarily underwritten to self-employed borrowers.
June 10













