Search for: "Credit Based Asset Servicing And Securitization" Results 41 - 60 of 167
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Editor’s Note: The following post comes to us from Barton Winokur, Chairman and Chief Executive Officer of Dechert LLP, and is based on a Dechert publication by Patrick D. [read post]
18 Dec 2010, 10:14 am by James Hamilton
The on-balance-sheet nature of covered bonds means that issuers are exposed to the credit quality of the underlying assets, a feature that better aligns the incentives of investors and mortgage lenders than does the originate-to-distribute model of mortgage securitization. [read post]
3 Aug 2011, 5:00 am by Doug Cornelius
Section 941 of Dodd-Frank requires securitizers to retain economic interest of at least five percent of credit risk of assets they securitize. [read post]
5 Apr 2018, 7:55 pm by Wolfgang Demino
            The TSI affidavit’s failure to identify the entity whose records were to be deemed and admitted as trustworthy extends to at least two of the entities involved in the private origination and securitization of student loans under the National Collegiate brand that most people have never heard of: (1) the First Marblehead Corporation, a signatory to the Pool Supplement and the underlying Note Purchase Agreement,[10]and… [read post]
5 Oct 2017, 5:20 pm by Wolfgang Demino
Ultimately, however, the concern is that the servicer has not been squeezing enough money from hard-pressed borrowers, and that the servicer still has to be paid in accordance with the fee schedule in the servicing agreement. [read post]
5 Feb 2010, 6:05 am by Hal Scott, Harvard Law School,
Similarly, Morgan Stanley would lose only 8.70% of its liability base by giving up bank holding company status. [read post]
17 Aug 2009, 4:20 am
In my last Credit Slips post, I wrote about what I call the "Alphabet Problem. [read post]
21 May 2010, 4:38 am by James Hamilton
States will have responsibility for regulating advisers with less than $100,000,000 in assets under management. [read post]
17 May 2008, 2:18 pm
MGIC’s woes relate back to its failed 2007 attempt to merger with Radian Group, as well as the deterioration of the joint venture, Credit Based Asset Servicing and Securitization LLC (“C-Bass”), in which MGIC had entered with Radian. [read post]
13 Mar 2009, 7:44 am
The Modification Program allows servicers with at least $40 billion of servicing to substitute their own cure and redefault rates based on the experience of their own portfolios, while smaller servicers must apply to make similar substitutions. [read post]
17 Mar 2012, 11:45 am by James Hamilton
The on-balance-sheet nature of covered bonds means that the issuing banks are exposed to the credit quality of the underlying assets, a feature that better aligns the incentives of investors and mortgage lenders than does the originate-to-distribute model of mortgage securitization. [read post]
31 Dec 2018, 4:07 pm by Wolfgang Demino
Asset freeze by temporaryinjunction based on unadjudicated claim for unliquidated damages reversed by Austin Court of Appeals injunctive-relief. [read post]
19 May 2009, 4:59 pm
" Bloomberg writes that the collapse of the subprime mortgage market in 2007 caused "at least $1.4 trillion of asset writedowns and credit losses" at various companies. [read post]
29 Aug 2013, 12:29 pm by Stanley Mabbitt
   Section 941 generally requires the retention by the sponsor of not less than 5% of the credit risk of assets that collateralize asset-backed securities (ABS). [read post]
29 Nov 2018, 11:58 am by Wolfgang Demino
Unlike with securitized mortgages, there were no homes as secured real assets to foreclose on, leaving collection lawsuits against borrowers and cosigners, followed by execution on nonexempt assets and garnishment, as forcible collection tools. [read post]
17 Dec 2017, 3:28 pm by Wolfgang Demino
The account ended up being owned by FIA Card Services, a wholly owned subsidiary of Bank of America Corporation, and the transfer transaction was in the nature of a merger, not an asset sale to a third-party national bank. [read post]
21 Apr 2020, 12:46 pm by Kathleen Scott (US)
Loan Securitizations: The proposal would allow funds meeting the current exclusion from the definition for loan securitizations to hold a small amount of non-loan assets in accordance with standard market practice. [read post]
2 Mar 2009, 6:15 am
These categories are: Asset Risk - a measure of an asset's default of principal or interest or fluctuation in market value as a result of changes in the market. [read post]