Sallie Mae Bank is preparing its first private student loan securitization of the year, according to rating agency reports.
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Fitch Ratings has updated its loan level due diligence for residential mortgage-backed securities to include compliance grading related to the TILA-RESPA integrated disclosure rules.
June 29 -
The Federal Housing Finance Agency is soliciting industry input on how to improve Fannie Mae and Freddie Mac's credit risk transfer transactions, for the first time considering front-end transactions rather than back-end deals.
June 29
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The Supreme Court on Monday agreed to hear an appeal by Wells Fargo and Bank of America in a lawsuit brought by the city of Miami to determine whether the city can seek redress for lost tax revenue from allegedly predatory mortgages.
June 29 -
Verizon Wireless is making its first trip to the securitization market to help offset the expense of providing customers with financing for mobile phones.
June 28
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Tax Ease Holdings is marketing $141.75 million of bonds backed by tax liens.
June 28
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LendingClub Corp. named Scott Sanborn to replace its founder and chief executive officer, who resigned unexpectedly last month, and said it will dismiss 179 employees to cope with the decline in loan volume caused by the turmoil.
June 28 -
Nationstar Mortgage is issuing its fifth securitization of nonperforming reverse mortgages, a unique esoteric RMBS class the mortgage servicer has engaged in four previous transactions.
June 28 -
Fitch Ratings will now conduct reviews of residential mortgage-backed securities deal agents as part of its RMBS master criteria, with Clayton Holdings as the first deal agent to receive an assessment.
June 27 -
The Supreme Court's decision Monday not to hear a closely watched lending case leaves unresolved some key questions for the U.S. financial industry.
June 27
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In a setback for the U.S. consumer finance industry, the Supreme Court said Monday that it will not review a lower court's decision that bolstered the ability of states to enforce bans on high-cost lending.
June 27 -
Risk-off is never good for structured finance, and the reaction to Britains vote to leave the European Union is no exception.
June 27 -
Ginnie Mae for the first time surpassed Freddie Mac in total outstanding mortgage securities backed by single-family loans, according to researchers at the Urban Institute.
June 26
