Ginnie Mae has revised the wording of the acknowledgment agreements necessary to finance mortgage servicing rights. It sought to resolve a concern warehouse lenders had in the event issuers become troubled.
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Alcentra is the third manager in January to seek out a refinancing for one of its European collateralized loan obligation deals, according to a presale report from Standard & Poors.
January 31 -
OneMain Holdings has gained a two-notch ratings promotion for its second overall subprime securitization of cash-out refi auto loans.
January 31 -
The Mortgage Bankers Association unveiled a new housing finance reform plan on Tuesday designed to kick-start congressional discussions over what to do with Fannie Mae and Freddie Mac.
January 31 -
The State Board of Regents of the State of Utah plans to issue $418 million of bonds backed by federally guaranteed student loans.
January 31 -
Late payments on securitized commercial mortgages fell modestly in January, bucking the recent trend.
January 31
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JPMorgan Chase is securitizing its first batch of CHASEseries notes backed by credit card receivables this year in a $900 million single-class series transaction, according to a regulatory filing.
January 31 -
A federal appeals court ruled Monday that the Treasury Department will have to hand over more documents to investors of Fannie Mae and Freddie Mac related to its profit sweep of the two government-sponsored enterprises.
January 31 -
Citigroup's decision to leave the mortgage-servicing business by the end of 2018, is part of a long-term strategy to increase returns and sharpen the bank's focus on its core retail customers.
January 30 -
Cerberus Capital Management is marketing its first securitization of re-performing mortgages of the year.
January 30 -
As costs continue to fall, homeowners are increasingly opting to purchase solar photovoltaic systems, rather than allowing a developer to pay for installation and entering into a long-term power purchasing agreement.
January 30
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Citigroup's plan to sell a $97 billion mortgage servicing portfolio and subservice its remaining accounts highlights the growing prevalence of nondepository servicers and raises questions about how much capacity exists for these institutions to absorb more large deals.
January 29
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The American Bankers Association has been searching for an online platform to allow its member banks to get into the digital lending business.
January 27
