Two Wall Street traders are charged with involvement in a “parking” scheme that arranged for one to purchase several securities with the understanding that the other would repurchase them at a profit in order to skirt around company rules.
The Securities Industry and Financial Markets Association has named Kenneth E. Bentsen, Jr. to serve as its president and CEO in the wake of the resignation of former U.S. Senator and SIFMA CEO Judd Gregg.
Nomura Corporate Funding Americas debuted, post-crisis, on the private-label residential mortgage-backed securitization scene, becoming one of a few issuers in that segment of the market.The financial...
Talk about consistency.Real estate investment trust Redwood Trust is keeping pace with its monthly issuance goal, setting out on its eighth private-label residential mortgage-backed securitization deal...
In the aftermath of the financial crisis, low interest rates and strict capital requirements combined to make servicing a losing proposition for many banks. The sharp glare of regulators didn’t help either, as banks and nonbanks navigated the already thankless waters of servicing with a new target on their backs. But all that changed abruptly in the fourth quarter of 2016 with the one-two punch of a Trump win and a rate hike by the Federal Reserve.
Singling out the law that created the CFPB generated a backlash from Congressional Democrats, but it remains to be seen what Democrats can do to stop the Trump juggernaut. See what Mike Jones of Navigant advises servicers to do in this uncertain environment.
Portfolio managers and investors also have a vested interest in the expansion of the non-QM market. They have an appetite for non-QM assets as they represent an attractive yield opportunity. That’s why we’re seeing more “hold” strategies at work with current non-QM production.