By Allison Bisbey
The bill, sponsored by Congressman Robert Pittenger (R-NC) and Congressman David Scott (D-GA), would clarify rules that critics say have caused banks to pull back from construction lending, hurting credit availability and driving loans into risky, unregulated sectors.
April 26, 2017 – The loans backing Bayview Koitere Fund 2017-SPL3 have average seasonin of 11 years and are secured by lower-valuation properties (an average of $97,500), with the highest concentration in North Carolina (9.1%), Pennsylvania (7.7%) and Virginia (6.7%).
April 26, 2017 – The Consumer Financial Protection Bureau ordered an auto loan servicer on Wednesday to pay $2.4 million in fines and redress to consumers for failing to abide by a 2015 consent order alleging it bullied members of the military.
April 26, 2017 – Morgan Stanley and Bank of America Merrill Lynch are marketing a commercial mortgage securitization that relies on the L-shaped strategy to comply with risk retention.
April 25, 2017 – Fannie Mae has made three selling guide changes aimed at helping the growing number of borrowers with student debt qualify for home loans, and may begin testing other similar proposals related to this goal.
April 19, 2017 – Incoming CFO Christian Lown says an agreement to purchase $6.9 billion of federally guaranteed and private student loans from JPMorgan Chase should encourage other banks to consider portfolio sales,
April 18, 2017 – The justices appeared exasperated with both sides in a case that would define whether companies that buy distressed debt are covered under a federal statute setting limits on their activities.
April 12, 2017 – The Loan Syndications and Trading Association is appealing directly to Treasury Secretary Steven Mnuchin to exempt collateralized loan obligation managers from rules requiring "skin in the game" of deals.
April 11, 2017 – Some are wording the language of amendments used to refinance deals so as to be able to benefit if risk retention rules are repealed.
April 9, 2017 – Global Index Group has developed a synthetic product that allows investors to go long or short a leading U.S. commercial real estate index, the NPI. CBRE Capital Advisors is the exclusive broker.
April 6, 2017 – Elevate Credit in Fort Worth, Texas, debuted Thursday at half the price the company had been targeting. Investors may have been spooked by the possibility of rising losses.
April 3, 2017 – New research from the New York Fed confirms a lingering concern: More prime-age, college-educated borrowers are delaying the decision to buy a home or make other purchases as they focus instead on paying off their student loans.
April 3, 2017 – Coordinators Synaps Loans, Credit Suisse and financial services consortium R3 say that the 90-minute "proof of concept" demonstrates that blockchain can be used for large-scale financial transactions.
Treasurer, Head of Asset Management
Firm: NewStar Financial
Owning may offer consumers more savings than leasing, but loans pose a different set of risks to investors when pooled into collateral for bonds.Current Issue