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Bank of America scored a legal victory this week for all holders of second liens when the Supreme Court ruled that bankruptcy courts cannot void a second mortgage because it exceeds the value of the home.
June 4 -
The Supreme Court has ruled that bankruptcy courts cannot void a second lien because it exceeds the value of the collateral.
June 1 -
Its not clear how much capital European insurers will need to hold against their investments in U.S. securitizations or whether they can even invest in some of these deals at all.
May 11
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Fifth Street Asset Management (FSAM) is adding David Heilbrunn as a managing director and member of its management committee, the Greenwich, Conn.-based company said Thursday.
May 8 -
Former Congressman Barney Frank, co-author of the Dodd-Frank Wall Street Reform Act, is not opposed to changes in the eponymous legislation, but in some cases he thinks the rules should be tightened, rather than loosened.
February 9 -
As part of its asset backed securities purchasing program (ABSPP) launched in November, the ECB is buying portions of senior tranches and encouraging market investors to join in.
February 3
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Final rules requiring sponsors of securitizations to retain skin in the game were published in the Federal Register today.
December 24 -
