Search for: "Credit Based Asset Servicing And Securitization" Results 81 - 100 of 167
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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]
29 Jul 2011, 5:23 pm by Mandelman
  One involves the Mortgage Electronic Registration Service, or as we’ve all come to know it… MERS, and the other centers around the question of whether the trust, on whose behalf the servicer is seeking to foreclose, does in fact own the note. [read post]
29 May 2011, 8:13 pm by Richard Posner
When a bubble bursts and asset prices plummet, loan collateral falls in value, resulting in contraction of credit. [read post]
25 May 2011, 4:46 pm by Mandelman
Hundreds of trillions in “structured assets”, ABSs, MBSs, CDOs, CDOs Squared, and of course synthetic CDOs, which are entirely, made up of credit default swaps, all deriving their value based on $1.4 trillion in mortgages. [read post]
19 May 2011, 12:01 am by Mandelman
FHA, a unit of HUD, could still take administrative action against those firms for breaking FHA rules based on its own probe. [read post]
11 May 2011, 9:01 pm by Kevin LaCroix
In a May 11, 2011 opinion (here), a three-judge panel of the Second Circuit affirmed the dismissal of rating agency defendants in litigation filed under the Securities Act of 1933 and involving mortgage-related securities issues by Lehman Brothers and IndyMac and the Residential Asset Securitization Trust (RUST). [read post]
2 May 2011, 12:14 pm by James Hamilton
In a letter to the SEC and the federal banking agencies, the securities industry urged the regulators when implementing Dodd-Frank's Volcker Rule to exempt from the definition of hedge fund and private equity fund issuers that originate, buy, sell or securitize loans or assets based on loans. [read post]
30 Apr 2011, 1:49 pm by Frank Pasquale
RMBS, CMBS or RMBS based CDOs) or even by issuer (each issuer often had several different Pooling and Servicing Agreements and Representation and Warranty Agreements). [read post]
30 Apr 2011, 1:49 pm by Frank Pasquale
RMBS, CMBS or RMBS based CDOs) or even by issuer (each issuer often had several different Pooling and Servicing Agreements and Representation and Warranty Agreements).The lack of standardization and the length of the documentation effectively created opacity, which contributed to the problems in the securitization market. [read post]
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]
22 Jan 2011, 7:50 am by Mandelman
  The judge found, based on each PLAINTIFF’S ASSERTIONS, that “the plaintiffs acquired the mortgages by assignment only after the foreclosure sales and thus had no interest in the mortgages being foreclosed at the time of the publication of the notices of sale or at the time of the foreclosure sales. [read post]
10 Jan 2011, 12:23 pm by Adam Levitin
The trusts claimed three alternative bases for chain of title: (1) that the mortgages were transferred via the pooling and servicing agreement (PSA)--basically a contract of sale of the mortgages (2) that the mortgages were transferred via assignments in blank. (3) that the mortgages follow the note and transferred via the transfers of the notes. [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]
17 Dec 2010, 8:46 am by Mandelman
  The availability of credit essentially dried up over night, starting on that summer day in 2007. [read post]
22 Nov 2010, 12:50 pm by Adam Levitin
Bankruptcy remoteness means that the RMBS investors are assuming only the credit risk on the mortgages, not the credit risk of the originators and/or securitizers of the mortgages, and RMBS are priced based on this expectation. [read post]
20 Nov 2010, 12:09 pm by Kenneth Anderson
 So far, microcredit — crucially and more exactly, within the analytic terminology of this post, “banking for poor people” — has not yet been securitized directly, nor has it had credit derivatives built on top of it. [read post]
20 Oct 2010, 10:07 am by Alan Petrillo
 More information and analysis of lending, servicing and securitization practices could help markets properly value bank stocks.Towards this goal, the MSCI ESG Research team will present an October 27 webinar entitled “A New Normal for Banks: Sustainable Finance After the Crisis. [read post]