Fed Bars Yield-Spread Premiums

The Federal Reserve has adopted a series of new rules that include barring mortgage brokers and lenders from paying loan originators extra for getting borrowers to take out loans with higher interest rates.

  • 17 Aug 2010
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The Federal Reserve has adopted a series of new rules that include barring mortgage brokers and lenders from paying loan originators extra for getting borrowers to take out loans with higher interest rates. Under the rule, loan originators can continue to receive compensation that is based on a percentage of the loan amount, but not based on interest rate or other loan terms. In addition, the rules prohibit loan originators from steering a consumer to accept a mortgage that is not in the consumer's interest in an effort to increase the originator's compensation.

Click here to read the release from the Federal Reserve.

  • 17 Aug 2010

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 108,190.43 309 12.88%
2 Bank of America Merrill Lynch 95,782.14 279 11.40%
3 Wells Fargo Securities 80,847.28 245 9.63%
4 JPMorgan 58,524.24 184 6.97%
5 Credit Suisse 43,977.05 134 5.24%