Goldman Sachs Group will pay $5.1 billion to settle a U.S. probe into its handling of mortgage-backed securities involving allegations that loans werent properly vetted before being sold to investors as high-quality bonds.
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Specialized lender Oxford Finance is securitizing a $324 million notes package backed by first-lien senior loans it has originated for life sciences research firms and healthcare services companies.
May 27 -
GREEN STORM 2016 B.V., a 271.3M RMBS in The Netherlands, is the first-ever securitization of homes pooled together specifically for their energy-efficiency rating, according to Moody's.
May 27 -
U.S. banks are taking bigger risks in auto lending as they compete for market share in a sector that remains red-hot.
May 26 -
Government scrutiny of the for-profit education industry could intensify default risks on up to $1.88 billion of commercial mortgage bonds backed by properties occupied by Corinthian Colleges, the University of Phoenix, and DeVry,
May 26
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Recent legislative proposals to make piecemeal changes to the government-sponsored enterprises could set broader GSE reform on the wrong path.
May 26 -
Wells Fargo & Co. agreed to pay a $70 million penalty in ending the bank's five-year fight to settle legal claims over foreclosure missteps after the 2008 credit crisis.
May 26 -
Freddie Macs newest form of mortgage reinsurance transfers the risk of credit losses on 15-year residential mortgages that it insures.
May 26 -
Hertz Corp. is marketing two as-yet unsized offerings of notes backed by its auto rental fleet, according to rating agency reports.
May 25 -
The Obama administration and an independent federal banking agency are advising the Supreme Court not to review a lower-court ruling that has roiled the marketplace lending sector and caused consternation throughout much of the consumer finance industry.
May 25 -
Federal Housing Finance Agency Director Mel Watt sounded alarm bells Tuesday about Home Loan Banks' reliance on short-term funding in the form of discount notes.
May 24 -
The due-diligence firms that vet loans before securitization are erring on the side of caution when assessing the risk to investors of liability from the new consumer mortgage disclosure rules.
May 24



