Issuance of vehicle-finance and business-loan ABS fell substantially in the third quarter, leaving total production roughly even with the first nine months of 2018. (Includes three data charts.)
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The White House plans to nominate someone to lead Ginnie Mae but given the current political turmoil in Washington, is this a pipe dream? Investors don’t seem worried about the agency, at least not yet.
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Not only is FHFA Director Mark Calabria homing in on a roadmap to end the conservatorship of Fannie and Freddie, he clearly believes the exit can take place before the two entities are fully capitalized.
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New York has set a six-year statute of limitation to bring charges under the Martin Act. The deadline issue has been a bone of contention in a court case between the state attorney general and Credit Suisse.
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Credit Suisse made false statements about the LTVs on at least 2,392 of the 6,884 loans in their mortgage pool, overstating their value by at least 105%. The allegations against Barclays were almost identical.