Consumers may see little change in the ultimate cost of Fannie Mae or Freddie Mac loans despite a restructuring of certain loan fees announced Friday by the Federal Housing Finance Agency.
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Great Wolf Resorts 2015-WOLF pays only interest for its entire term and has a "relatively high" in-trust LTV of 87%, according to Kroll. Oh, and there's $360 million of mezzanine debt securitized in a separate deal.
June 16 -
The Wall Street giant is building out a staff that could have as many as 100 people by the end of 2015, theTimes reported. The company hopes to make its first consumer loans in 2016, according to the Times.
June 16 -
Zions Bancorporation said Tuesday it sold the remainder of its holdings of collateralized debt obligations.
June 16 -
California Gov. Jerry Brown violated state law by diverting more than $331 million in mortgage settlement funds for uses unrelated to housing, a Superior Court judge ruled.
June 15 -
Citi and Renew Financial recently closed the first ever securitization under the Warehouse for Energy Efficiency Loans.
June 15
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Freddie Mac is preparing its fifth offering of risk-sharing notes of the year and the second with exposure to actual mortgage losses.
June 15 -
Westlake Financial Services and American Credit Acceptance both launched their second subprime auto securitizations of the year.
June 15 -
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Santander Consumer USA is marketing its third subprime auto loan securitization of the year under its Santander Drive Auto Receivables Trust (SDART) program.
June 12 -
Theres been plenty of talk about the potential benefits of hiring a third party to monitor the quality of collateral in residential mortgage-backed securities, but so far, no action.
June 12 -
Nissan Motor Acceptance Corp is preparing to issue $750 million of securities backed by auto lease, according to a deal document.
June 12
