Fed Issues Proposed, Final Mortgage Rules; FFIEC Issues Reverse Mortgage Guidance
August 25, 2010 in Banking Report · Leave a Comment
The Federal Reserve Board is stepping up efforts to restructure ground rules for U.S. mortgage issuers with the Aug. 16 release of five separate rules and guidance…
With Reg Reform Complete, Focus Turns To Establishing Consumer Protection Bureau
July 20, 2010 in Banking Report · Leave a Comment
The Treasury Department will designate a date for transferring powers to the new Consumer Financial Protection Bureau by the end of the summer under…
Goldman Sachs to Pay Record $550 Million to Settle SEC Charges over 2007 CDO
July 16, 2010 in Securities Regulation & Law Report · Leave a Comment
The Securities and Exchange Commission announced July 15 that Goldman, Sachs & Co. has agreed to pay a record $550 million penalty and to reform its…
Senate Sends Financial Regulatory Reform Bill to White House for President’s Signature
July 16, 2010 in Banking Report · Leave a Comment
The Senate voted 60-39 to approve legislation (H.R. 4173) July 15 that would overhaul regulation of banks and other financial services companies and change…
ANALYSIS: Securitizers Gearing up for ‘CMBS 2.0’ in a Market Where Demand Outstrips Supply
July 13, 2010 in Banking Report · Leave a Comment
Ever since the commercial mortgage-backed securities (CMBS) market flat-lined in 2008, observers have been looking for blips that signal…
BNA INSIGHTS: The Home Affordable Mortgage Program and Related Tax Issues
July 6, 2010 in Banking Report · Leave a Comment
The Home Affordable Mortgage Program (HAMP) is a government program designed to slow the increasing rate of mortgage foreclosures in the United States; the Treasury Department…
House Clears Financial Reform Bill Along Party Lines, Senate Action Delayed
July 1, 2010 in Banking Report · Leave a Comment
The House approved landmark legislation (H.R. 4173) June 30 that would overhaul U.S. financial services regulation with new controls on large and interconnected financial…
House-Senate Conferees Begin Work on Financial Reform Bill; House Financial Services Panel Chair Predicts Interchange Limits Will Stay
June 15, 2010 in Banking Report · Leave a Comment
Controversial Senate language that would cap interchange fees that retailers pay to payment card companies for use of their debit cards will likely be included in…
Bearish Real Estate Loan Climate Creates Bull Market for New Breed of Receivers
June 8, 2010 in Banking Report · Leave a Comment
A growing and—as it happens—beneficial trend in the topsy-turvy distressed property market is the now common choice by lenders or special servicers to work out failing loans through…
BNA INSIGHTS: Westward Ho: Covered Bonds Make Their Way to the Land of Opportunity
June 2, 2010 in Banking Report · Leave a Comment
Since the securitization markets collapsed two years ago, many have asked whether covered bonds might offer a suitable alternative to commercial mortgage-backed…
