The California Supreme Court on Thursday ruled that borrowers may challenge a wrongful foreclosure on the grounds that the assignment of the deed of trust was invalid.
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New lender disclosure requirements arent just disrupting the market for private-label mortgage bonds; they could also impact the market for bonds that transfer credit risk of mortgages insured by Fannie Mae and Freddie Mac to the private sector.
April 8
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Ascentium Capital LLC is issuing a new equipment receivables trust that relevers the overcollaterization and interest assets of a previous securitization it has sufficiently paid down, according to sources.
April 8 -
Issuance volume for asset-backed securities for the year through April 8, 2016.
April 8 -
Underwriting league tables for asset-backed securities for the year through April 8, 2016.
April 8 -
Topped by a $355.6 million, triple-A rated Class A notes tranche, the Hertz Fleet Lease Funding (HFLF) LP Series 2016-1 carries similar structures to the previous issue in the 2015-1 version, with the exception of the inclusion of a split floating-/fixed-rate split of Class A notes.
April 8
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Charlie Hallinan, who pioneered the tactics payday lenders have used for years to stymie state regulators, was indicted Thursday on federal conspiracy and fraud charges.
April 7 -
Consumer Portfolio Services, American Credit Acceptance, Santander Consumer, and CarMax launched four securitizations of subprime loans (CPS and ACA), prime loans (CarMax), and in the case of Santanders Chrysler Capital, something in between.
April 7 -
N.M. Rothschild and Sons Five Arrows Managers LLP has extended the closing date to April 26 for the 307M Contego III trust deal out of The Netherlands.
April 7 -
Bank of Montreal is tapping the U.S. securitization market with a credit card deal for the first time this year, according to Moodys Investors Service.
April 6 -
As more employers offer student loan repayment assistance to their workers, lenders that specialize in refinancing debt like Citizens Financial and SoFi see an opportunity to reel in more customers
April 6
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Credit market turmoil continued to take a toll on commercial property prices in February, when Moody's/RCA Commercial Property Price Indices national all-property composite index declined for a second consecutive month.
April 6
