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The amount far surpassed that of any other servicer required to purchase Ginnie Mae-backed loans that were 90 days past due.
July 13
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B. Riley FBR raised its ratings for both Fannie Mae and Freddie Mac to sell from neutral on the possibility the net worth sweep is declared illegal.
July 13
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Policymakers have eased some rules and the Supreme Court recently dealt a blow to the Consumer Financial Protection Bureau. But as the landmark legislation approaches its 10th anniversary, the post-crisis regulatory regime has stayed largely intact.
July 13
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The Federal Reserve's extraordinary effort to keep credit flowing to companies during the COVID-19 pandemic is also shunting money to banks' bottom lines.
July 13
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However, those who aren't current bank customers need to have $1 million in a qualifying account.
July 10
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The panel later this month will vote on the nomination of Judy Shelton, whose views on certain policy issues have met with skepticism from both Democrats and Republicans.
July 10
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A subprime-related settlement between the government and Deutsche Bank provided meaningful benefits to some U.S. consumers in need, according to a new report. But the author acknowledged that those gains could prove illusory for some consumers given the coronavirus crisis.
July 10
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Underwriting league tables of asset-backed securities through July 9, 2020
July 10 -
Issuance volume of asset-backed securities for the year through July 9, 2020
July 10 -
Investors shouldn’t assume anything about the behavior of speculative-grade debt in this environment.
July 10
