The narrowing gap between what large and small lenders pay in guarantee fees to Fannie Mae and Freddie Mac has helped the industry's smallest originators grow their share of mortgages sold to the government-sponsored enterprises.
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The Consumer Financial Protection Bureau is considering suing Navient Corp., the largest student loan company in the U.S., for allegedly cheating borrowers.
August 28 -
Walter Investment Management has received approval from Freddie Mac to hold the mortgage servicing rights on $3.3 billion in residential mortgage loans.
August 27 - Europe
CLO market is still open: American Capital has closed one deal and CIFC has priced another.
August 27 -
Credit Suisse is taking advantage of the relative calm in credit markets Thursday to launch its second residential mortgage securitization of the year.
August 27 -
Wall Street banks are scaling back their role in supporting debt sales that have helped online lending companies double their originations every year since 2010.
August 27
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Joshua Baumgarten will leave The Blackstone Group in 2016 for Angelo, Gordon & Co. where he has been named head of credit.
August 27 -
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A drop in Californias electricity rates could reduce cashflows for securitizations of solar panel leases, according to Moodys Investor Report.
August 26 -
The Turkish Catastrophe Insurance Pool has completed a second catastrophe bond through a new shelf bond program dubbed Bosphorus Ltd.
August 26
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Residential mortgage servicers are once again tapping the securitization market to fund advances to bondholders.
August 25
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The Federal Housing Administration has weighed in on loans used to finance energy efficient home improvements, which have been a point of contention between mortgage lenders and the municipalities and private companies that make them.
August 25 -
Caja Rural de Castilla-La Mancha plans to issue 700 million ($802 million) of Spanish covered bonds that are backed by a 1.96 billion pool of mortgages.
August 25
