In January, the Consumer Financial Protection Bureau released its qualified mortgage, or ability-to-repay, provisions. The rule drew praise from some for including a safe-harbor provision for...
In a letter to members last night, the Securities Industry and Financial Markets Association (SIFMA) CEO Tim Ryan announced the formation of the trade body's own securitization advocacy group. The news comes after SIFMA and the American Securitization Forum (ASF) yesterday parted operational ways.
Uncertainty reins when it comes to the Treasury's Troubled Asset Relief Program, or TARP, according to a survey released Friday morning by the Securities Industry and Financial Markets Association. SIFMA, along with four other trade associations that conducted the survey, found that large firms are more likely to participate in selling illiquid assets to the Treasury under the program.
Three major trade groups joined forced Monday afternoon, as part of a growing effort by Wall Street and the rest of the financial industry to ensure that securitization remains a viable option for market participants.
Despite an economy affected by a stagnant housing market, decreasing home values and upheaval among lenders, overall customer satisfaction with the home equity line of credit/loan origination process has improved since 2007, according to a study released Thursday by J.D. Power and Associates.
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