In the last four weeks, subprime auto and FFELP SLABS have tightened five basis points to 10 basis points, which is the most of any asset class in that period, Wells Fargo analysts said in a report released this afternoon.
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The Mortgage Bankers Association (MBA) has formed a select committee to find a replacement to departing president David Stevens with 15 candidates being thrown into the pool, according to officials familiar with the process.
June 18 -
Residential Capital has rejected Warren Buffett’s offer to be the initial bidder in proposed auctions of ResCap assets, Bloomberg News has reported.
June 18 -
The Securities and Exchange Commission(SEC) has appointed Thomas Butler as director of the agency's new office of credit ratings, which was created by the Dodd-Frank Act.
June 15 -
A federal court panel said Bank of America can't consolidate multiple lawsuits involving losses suffered from the collapse of Taylor Bean & Whitaker and Colonial Bank in a multibillion-dollar fraud.
June 15 -
A proposal by regulators to revamp the way banks must measure risk on certain assets is alarming many community bankers who argue it will raise capital requirements, increase compliance costs and curb lending.
June 15
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Dutch house prices are expected to fall by at least another 7% on the back of a deteriorating macro-economic environment, said Fitch Ratings in a report today.
June 15 -
Moody’s Investors Service's downgrade of Spain may have deepened the European debt crisis, but it isn't indicative of the performance securitized deals in this or other peripheral states.
June 14 -
Players in the asset-backed commercial paper market have learned their lessons from the financial crisis and are ready to apply them in the wake of bank downgrades by Moody's Investors Service.
June 14 -
The Securities Industry and Financial Markets Association (SIFMA) President and CEO, Tim Ryan said on Bloomberg TV that financial regulatory reform has added more complexity to the already difficult financial institution world.
June 14 -
Structured finance investors would prefer to rely on fewer sources of pricing for tracking deals, according to 107 investors in the industry surveyed by Principia Partners.
June 14
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Industry groups asked the Consumer Financial Protection Bureau Wednesday to convene a panel to review the potential effects of new mortgage lending standards on small businesses.
June 14 -
