In his first public policy speech as director of the Federal Housing Finance Agency, Mark Calabria stressed that Fannie Mae and Freddie Mac will have to raise significant capital via a public offering and take other steps in order to escape government control.
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The corporate aircraft finance specialist had previously only pooled jet purchase and lease agreements acquired from GE Capital.
June 6
- LIBOR
The Mortgage Bankers Association created a template for originators to notify new borrowers when their adjustable-rate mortgage switches to a different index once publication of the London interbank offered rate discontinues.
June 6
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Although it will be refinancing $869 million in debt, Wendy's Funding LLC will remain at a high leverage level in comparison to other whole-business ABS issuers.
June 5
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Toyota Motor Credit Corp. is debuting a new revolving ABS platform to securitize a large portion of six-plus year term loans excluded from its standard prime-loan securitization shelf.
June 5
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The company intentionally submitted inaccurate borrower information overstating the number of white applicants, the consumer bureau alleges in a consent order.
June 5
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Consumers' knowledge of the mortgage process and what it takes to purchase a home has not improved from four years ago and lenders have an opportunity to fill that need, Fannie Mae said.
June 5
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The deal will add to the bulge of recent SASB deals that produced a monthly record volume of $7.6 billion through 11 deals in May.
June 5
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Lawmakers waded into a growing debate about the threat posed by corporate credit risk.
June 4
- LIBOR
Commercial and multifamily mortgage lenders need to figure out their plan for replacing the London interbank offered rate index potentially expiring at the end of 2021.
June 4
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The 26 mid-life to end-of-life passenger jets (averaging nearly 15 years of age apiece) are already on lease to 20 airlines in 16 countries, consisting of both narrowbody and widebody planes.
June 4
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Covenant Review says a private issuer has gone to market with what is believed to be the first syndicated-loan deal that proposes to adopt the Federal Reserve’s Secured Overnight Funding Rate benchmark under Libor's demise. The proposal falls in line with recent recommendations for banks and issuers by a Fed working committee.
June 3
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The consolidation of the two companies' securitization platforms into a single bond market became official on Monday.
June 3
