The single-director structure of the Consumer Financial Protection Bureau represents an unconstitutional concentration of executive power, a federal appeals court said Tuesday. But the court stopped short of disbanding the agency, instead giving the president more power to remove its leader.
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Shellpoint Partners is preparing its first private-label mortgage securitization in over a year, according to Kroll Bond Rating Agency.
November 14 -
The $2-per-pack increase boosts the cost for California smokers by 35%, which Moody's said will decrease cigarette consumption across the country because California comprises 10% of total U.S. cigarette consumption.
November 14 -
SoFi Lending Corp. is marketing its fifth portfolio of refi student loans issued to select advanced-degree professionals. Meanwhile, the Pennsylvania Higher Education Assistance Agency is packaging its second portfolio of primarily FFELP consolidated loans, a significant portion of which carry existing or prior impairments.
November 14 -
Freddie Mac is marketing its fourth offering of securities offloading the credit risk of super-conforming mortgages that it insures.
November 13 -
A Goldman Sachs affiliate submitted the winning bids in Fannie Mae's eighth nonperforming loan sale.
November 13
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2016 2015 2014 ABS (Public + 144A) 198,825.2 255,681.1 290,588.1 ABS (Public + 144A excluding CDOs) 175,106.4 185,797.3 202,171.9 ABS (Public Only) 78,066.4 98,709.5 119,754.4 ABS (144A Only) 120,758.8 156,971.5 170,833.7 Non-Agency MBS 73,844.2 121,069.3 111,420.8 Agency MBS 244,162.2 202,405.2 198,226.1 CMBS 102,659.7 93,985.0 84,880.0 Source: Thomson Reuters
November 11 -
Underwriting league tables for asset-backed securities for the year through November 11, 2016.
November 11 -
Park Hotels & Resorts, the real estate investment trust being spun out of Hilton Worldwide Holdings, is making another trip to the securitization market.
November 11
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Banking industry lobbyists and representatives are practically salivating over the election results, convinced that Republican control of the White House and Congress will finally give them the opportunity to roll back key parts of the Dodd-Frank Act.
November 11
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Santander Consumer USA is smoothing out risk factors in its latest deep-subprime vehicle loan securitization. Drive Auto Receivables Trust 2016-C is a $1 billion offering of deep-subprime new and used retail auto and light-truck loans originated by Santander.
November 10 -
Verizons second handset securitization transaction is initially sized at $1.4 billion, according to a Fitch Ratings
November 10
