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...
"If you look at what we do, fundamentally, MERS is the mortgagee on behalf of the investor and its assigns, it’s not a whole lot more complicated than that. And that role as an agent is well rooted in the laws of this country. So when you get down to it, and when we get challenged, we typically prevail. We simply take away all the clutter and present what we do, and what the laws actually say, and we get there," MERS CEO Beckmann said in an exclusive profile only in HousingWire magazine..
The CFPB is currently paying close attention to the individuals/small players, as well as the larger institutional mortgage companies. With respect to the small players, the CFPB is looking at the loan officer, real estate agent and developer. A common violation that these smaller firms or individuals commit, in addition to possible violations resulting from social media posts, stems from agreements among themselves. Read More
Ladies and gentlemen, it’s been some time since the mortgage bond world felt shaken to the core. But shaken, right now, it feels, according to several recent conversations I’ve had on the subject. Read More