Former Virginia attorney general Ken Cuccinnelli lambastes the CFPB as a 'failed experiment' whose powers should be relegated back to the federal agencies enforcing consumer protection prior to Dodd-Frank.
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Mariner Investment Group has launched offering of private-label resident mortgage bonds, but its hard to characterize the collateral.
February 23 -
Santander Consumer USA Holdings plans to increase lending to consumers with solid credit scores after being squeezed by higher losses on its subprime auto book.
February 23
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The Prime Collateralised Securities Initiative is aiming to boost synthetic securitization, which offer an alternative way for European banks to free up capital for more lending.
February 23 -
Wells Fargo Goes It Alone on 1st Risk Retention Compliant CMBS
February 22
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Middle market lender Madison Capital Funding is preparing its first collateralized obligation of the year.
February 22 -
Volkswagens U.K. finance arm is marketing £750 million ($884 million) of bonds backed by auto leases.
February 22 -
Commercial mortgage loan originations in 2017 are expected to increase 3% over last year to a record high, according to the Mortgage Bankers Association.
February 22 -
The industrys reliance on these yardsticks to estimate the riskiness of a pool of borrowers is mathematically flawed.
February 21
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In its continuing effort to shield taxpayers from potential defaults, Freddie Mac is now offering investors exposure to the credit risk of multifamily mortgages that are awaiting securitization.
February 21 -
Kensington Mortgage Co. (KMC) is pooling approximately £343.7 million (US$428.7) in prime-borrower first-lien and buy-to-let investor mortgages in the second UK mortgage-backed securitization being marketed this month.
February 21
