Organization Root Tag

The little-known unit was launched in the wake of efforts by the CFPB and HUD to cut back on fair-lending activities, but the reach of the 10-month-old office is still unclear.

In her first four and a half months, Kathy Kraninger met with lawmakers more than twice as often as her predecessor, but her schedule demonstrates willingness to meet with industry and policy stakeholders from various camps.

The marketplace lender has garnered improved ratings in its latest securitization of unsecured consumer loans, a pool featuring a higher proportion of prime borrowers and additional credit enhancement compared to its prior deal.

Dozens of companies, including Google and PayPal, met with OCC officials last year in part to discuss obtaining a new fintech charter, but many ultimately decided not to pursue it, according to sources. Here's why.

The notes are backed by receivables from private-label, dual-card originations by Synchrony via retail partners.

The Federal Housing Finance Agency has appeared willing to take its own steps to reform Fannie Mae and Freddie Mac, but legislation would be necessary to create an explicit guarantee of the mortgage system.

OBX 2019-INV2 is a private-label RMBS pool of 1,087 of agency-eligible investor-property loans.

Director Mark Calabria urged lawmakers to grant the agency chartering authority similar to that of bank regulators to boost competition in the mortgage market.

The New York developer is apportioning part of a recent $595M loan via a Credit Suisse conduit to finance a full repurchase of its Manhattan HQ.

The agency announced the series in April as an effort to encourage public dialogue on policy issues.

Prepayment speeds for loans included in agency mortgage-backed securities were up approximately 20% both monthly and annually during May as the decline in interest rates boosted activity, according to Keefe, Bruyette & Woods.

Rating criteria changes and a ruling in the Puerto Rico III case have undermined some investors' and analysts' confidence in revenue pledges.

Treasury Secretary Steven Mnuchin was adamant that the Trump administration won’t just let Fannie and Freddie build up their capital buffers and then release the companies. He also said he backed an explicit government guarantee, something only Congress can do.

The transaction, cooperatively sponsored by the insurer's residential mortgage lending group of five home-loan entities, is among the smaller of AIG’s recent prime jumbo pools that have been as high as $429 million.

The CFPB issued a final rule late Thursday to delay the compliance date for mandatory underwriting provisions of the 2017 payday lending rule.

The Federal Housing Finance Agency has far more authority to upend the status quo than most realize, according to a new report.

The agency's vote Thursday threatens to block many of the industry's communications with customers, though banks did win one concession.

The corporate aircraft finance specialist had previously only pooled jet purchase and lease agreements acquired from GE Capital.

The Mortgage Bankers Association created a template for originators to notify new borrowers when their adjustable-rate mortgage switches to a different index once publication of the London interbank offered rate discontinues.

The company intentionally submitted inaccurate borrower information overstating the number of white applicants, the consumer bureau alleges in a consent order.