Fannie Mae plans to sell nonperforming loans with $1.7 billion in unpaid principal balance.
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Five prime lenders have launched $5.5 billion in new loan- and lease-backed securitizations, including the second transaction of the year for Ally Financial.
March 16 -
A $165 million cash settlement has been reached in a class-action lawsuit that alleged investors were misled about the safety of mortgage-backed securities comprised of loans originated by now-defunct subprime lender NovaStar Mortgage Inc.
March 16 -
Capital Automotive is marketing another $900 million of bonds backed by leases on auto dealerships.
March 16 -
SoFi Lending Corp. is marketing its second student loan securitization of the year.
March 16 -
LSTAR Capital Finance is returning to the securitization market with another offerings of bonds backed by high quality, but highly leveraged commercial mortgage bonds.
March 16
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Bankers and housing advocates say many low-income housing projects simply won't get built if the White House and Congress move to eliminate two federal block grant programs
March 16
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Annelis Osborne alleges that she was fired for airing complaints of gender bias and sexual harassment within the rating agency.
March 15 -
Industry groups are raising more concerns about a Fannie Mae financing deal involving the securitization of single-family rental homes, arguing it is too far removed from the government-sponsored enterprise's mandat
March 15 -
Wells Fargos next offering of commercial mortgage bonds is unusually concentrated in a relatively small number of large loans, though many are high quality properties located in strong markets.
March 15 -
Marlette Funding's next securitization may show that winning over new investors is better done through emulating, rather than disrupting, traditional bank lending practices.
March 15 -
Shellpoint is marketing another offering of private-label mortgage bonds backed primarily by loans it acquired from Bank of America, National Association, rather than loans originated by its own New Penn subsidiary
March 14 -
The monthly change for defaulted holdings in CLO 2.0s which now comprise 95% of the market for outstanding CLO issues rose 0.1% and now stand at 0.12%. The rate for CLO 1.0s rate 0.12%, now standing at 3.13%.
March 14
