Removing Fannie Mae and Freddie Mac from government control, as Treasury Secretary-designate Steven Mnuchin would like to, could mean the two entities will do more to compete for lenders' loans.
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Moodys Corp. agreed to pay almost $864 million to resolve a multiyear U.S. investigation into credit ratings on subprime mortgage securities, helping to clear the way for the firm to move beyond its crisis-era litigation
January 17 -
SoFi Consumer Loan Program 2017-1 is secured by a pool of $550 million in loans, and has a capital structure consisting of a $426.4 million series of Class A notes and $50.7 million in Class B notes. The A notes' 'A' rating by Kroll is a notch below the 'A+' earned in its last transaction in November.
January 13 -
The Trump administration gave the first clear sign Thursday that it intends to dismiss Consumer Financial Protection Bureau Director Richard Cordray.
January 13
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Citibank plans to issue $500 million of two-year notes backed by credit card receivables, according to regulatory filings.
January 13 -
The $1.57 billion Ford Credit Auto Owner Trust 2017-A is lauded by Moodys Investors Service for its high weighted average FICOs (736) and as a strong follow-up to its last transaction (FCAOT 2016-C) that also featured slightly stronger pool characteristics.
January 12
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A combination of loosened covenants, minimal call protections and aggressive, U.S.-style dry powder leveraging strategies have produced the most sponsor-friendly market for European leveraged loans since the financial crisis, according to a new report from U.S.-based Covenant Review.
January 12 -
DBRS, which recently expanded its scope of ratings coverage to include European corporates, has filled a new managing director role over its European structured finance team with the veteran analyst in commercial mortgage structured finance.
January 11 -
Total global funding raised by public companies for solar-sector energy projects fell to $9.1 billion in 2016, a 64% decline from 2015 investment levels, according to a report issued by a key industry consultancy.
January 11 -
A second round of Dutch residential mortgages is being securitized this week with the issuance of Euro-denominated notes backed by 157.73 million in non-conforming home loans underwritten by ELQ Portefeuille I B.V., a specialty lender in The Netherlands.
January 11 -
Discover Bank plans to issue $800 million of five-year notes backed by credit card receivables, according to regulatory filings.
January 11 -
Two Republican senators sent a letter to Vice President-elect Mike Pence calling for the removal of Consumer Financial Protection Bureau Director Richard Cordray
January 10
