Fifth Third Bank must pay a total of more than $21 million to settle separate claims by the federal government that the bank's indirect auto-loan business discriminated against African-Americans and that the bank deceptively signed up customers for a credit card add-on product.
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U.S. consumers are shouldering record levels of debt to get behind the wheel of an automobile.
November 19 -
Nationstar's third transaction backed by inactive reverse mortgages is the first to be rated by Moody's Investors Service.
November 19 -
Fannie Mae gets reinsurance on mortgages with LTVs in excess of 80%.
November 19 -
Darien Rowayton Bank plans to securitized a portfolio of refinanced private student loan debt, according to DBRS.
November 19 -
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Cerberus Capital Management keeps cranking out bonds backed by re-performing residential mortgages.
November 18 -
Morgan Stanley and UBS latest offering of commercial mortgage bonds is most notable for what it lacks: a large number of loans with very high leverage.
November 18 -
Fitch Ratings is proposing changes to the way it rates bonds backed by government-guaranteed student loans to account for the slower pace at which these loans are being repaid.
November 18 -
Regiment Capital Advisors sold the management contracts to four collateralized loan obligations totaling $1.6 billion to Sankaty Advisors.
November 18 -
Are Fannie Mae and Freddie Mac an antidote to the influence of big banks in the mortgage market, and, by extension, in the economy?
November 17 -
J.G. Wentworth is marketing $102.1 million of bonds backed by structured settlement payments; its the sponsors third transaction so far this year.
November 17 -
The Supreme Court might hear a case thats pivotal for marketplace lenders.
November 17



