Search for: "Credit Based Asset Servicing And Securitization" Results 41 - 60 of 167
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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]
22 Sep 2017, 2:27 pm by Wolfgang Demino
 But even if there were no question as to reliability of payment histories extracted from the servicer’s account management system, different jurisdiction may have different rules regarding the accrual-of-claim date for limitations purposes (Does the breach/default occur when the first monthly installment payment is not made, or is it based on the last payment that was received and credited? [read post]
17 Sep 2017, 7:30 pm by Wolfgang Demino
  These forward-looking statements are based on our plans, estimates and expectations as of September 17, 2007. [read post]
9 Aug 2017, 9:09 pm by Adam Levitin
If the concern were to insulate legitimate business functions such as securitization with retained servicing or the sale of charged-off loans for collection, it would be possible to draft a narrow bill that protects these practices. [read post]
4 Aug 2016, 7:36 am by Adam Levitin
 If they treat the retained credit risk as loans, it is just as if the bank securitized only 95% of the loans, rather than 100%. [read post]
25 Jul 2016, 4:44 pm by Sabrina I. Pacifici
Servicing is a part of holding all mortgage loans, but an MSR generally becomes a distinct asset when the loan is sold or securitized. [read post]
1 Mar 2016, 9:30 pm by Grayson C. Weeks
The non-bank entities contemplated in the proposal include mortgage and finance companies, funding vehicles, securitization vehicles, money market funds and other investment funds, asset management companies, and commercial entities that provide critical services exclusively to the bank. [read post]
31 Dec 2015, 1:55 pm by Adam Levitin
 That's a real problem given how much of household savings are tied up in housing as an asset class, and how much our state and local tax base (and thus government services) depends on real estate taxes. [read post]
15 Nov 2015, 9:30 pm by Grayson C. Weeks
Moreover, the markets for these often complex, opaque, and rapidly evolving products are dominated by non-bank providers of financial services that are now providing more than two-thirds of the credit available to non-financial firms, with this credit financed in large part by short term funding. [read post]
2 Jul 2015, 10:54 am by Adam Levitin
(Even if the securitization trusts have no hard assets left, they do have representations and warranties that might be valuable to plaintiffs.) [read post]
15 May 2015, 10:46 am by Richard J. Andreano, Jr.
  The conditions are that (1) the loan was not acquired through a securitization, (2) any prepayment penalties comply with the phase out requirements for prepayment penalties that apply to qualified mortgages, (3) the loan does not have a negative amortization feature, interest-only features, or a term of more than 30 years, and the (4) the creditor documented the consumer’s income, employment, assets and credit history. [read post]
Editor's Note: The following post comes to us from Dan Ryan, Leader of the Financial Services Advisory Practice at PricewaterhouseCoopers LLP, and is based on a PwC publication. [read post]
7 Oct 2013, 7:35 am by S2KM Limited
By 2011, JGW had re-entered the asset-backed structured settlement securitization market. [read post]
Section 15G requires the Agencies to issue rules that would generally require that a securitizer of asset-backed securities (“ABS”) retain an economic interest in not less than 5% of the credit risk of the assets collateralizing such ABS. [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]
24 Apr 2013, 6:55 pm by Adam Levitin
A securitizer is basically the securitization's sponsor, although the credit risk can be shared between a sponsor and an originator of the securitized assets. [read post]