Ocwen Financial has reached a deal with California authorities to resolve allegations that the mortgage servicing firm -- a frequent target of regulators in recent years -- again violated a range of state and federal laws.
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The lawsuit against the Commercial Finance Association also names Andrea Petro, the president of the organization, and her employer, Wells Fargo & Co., as defendants, according to the complaint that was filed in in federal court last month.
March 22 -
Fitch Ratings says the auto loan and lease sectors will continue to experience deteriorating credit performance throughout 2017, as defaults accelerate among subprime borrowers and used-car values in decline.
March 22 -
Servicing practices that unnecessarily increase what a borrower owes can contribute to delinquencies. But other misconduct, such as inaccurate credit reporting, can have more insidious effects on a borrowers financial health.
March 22
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Signs of growing weakness in the U.S. auto loan market are hurting the bottom line at one of the nations largest car lenders.
March 21
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California is hoping investors will pony up for new bonds backed by the payments it receives under the 1998 Master Settlement with tobacco manufacturers.
March 21
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Jim Rosenthal, a former chief operating officer at Morgan Stanley, is joining the board of directors at OnDeck Capital.
March 21 -
Presale reports were issued Monday for the $407.35 million Wellfleet CLO 201-1 and the $406.35 million NXT Capital CLO 2017-1; the two deals are the latest of four new offerings noted by ratings agencies since last week and among 14 this month.
March 21 -
In a report published Monday, Fitch Ratings noted that a timeshare loan securitization Marriott completed in 2012 has not experienced a net loss to date -- but only because the company is repurchasing bad loans.
March 20 -
Collateralized loan obligations are in such high demand that investors are increasingly willing to allow managers to actively manage portfolios for longer periods.
March 20 -
Capital One is securitizing $1.15 billion in consumer and small-business credit-card receivables, in its first asset-backed card series notes transaction since August.
March 20 -
Spire Partners priced the first new Euro-denominated CLO deal for March, the 348 million Aurium CLO III last week, according to a report published Monday by Moody's Investors Service.
March 20 -
Bayview Asset Management is marketing two offerings of bonds backed by mortgages that were once delinquent but are now making timely payments.
March 19