-
The Massachussetts Educational Financing Authority is issuing $162.23 million of private student loan revenue bonds; Fannie Mae obtains more front-end credit risk transfer; Canadian Tire Bank taps credit card market.
May 25 -
Appeals court justices appeared divided on whether the structure of the Consumer Financial Protection Bureau is constitutional during oral arguments in the PHH v. CFPB case on Wednesday.
May 24 -
President Trumps budget would reduce funds to the Consumer Finance Protection Bureau, cut spending for several programs aimed at providing financial services and resources in underserved communities, and eliminate a fund designed to help regulators unwind a failing megabank.
May 23 -
Lenders are objecting to the Trump administration's proposed $30 million fee designed to partially fund upgrades to the Federal Housing Administration.
May 23 -
Bayview Asset Management is marketing yet another $218 million of bonds backed by re-performing mortgages acquired last year from former subprime HELOC lender CitiFinancial Credit Corp., according to rating agency presale reports
May 19 -
Nationstar Mortgage is issuing its seventh securitization of nonperforming reverse mortgages.
May 19 -
JP Morgan Chase is marketing another offering of bonds backed by a mix of conforming and jumbo residential mortgages, according to Moodys Investors Service.
May 18 -
State regulators felt they were strung along by the mortgage servicing giant Ocwen Financial after years of promises that were never fulfilled, resulting in successive enforcement actions against the company.
May 18 -
As financial institutions look closer at the increasingly detailed consumer credit data available, they are learning consumers are more apt to pay off personal loans before mortgages, auto loans and credit cards
May 17 -
S&P and DBRS have diverged on rating the senior notes in a $175.26 million securitization of private student-loan refinancings from Earnest Operations. Also, Comenity Bank has a new private-label card transaction through its World Financial master trust.
May 15