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A former vice president in the CMBS group at Moody’s has filed a lawsuit against the rating agency, claiming she was the target of gender discrimination and was ultimately fired in retaliation for bringing to light illegal ratings activity. -
A move by Experian, Equifax and TransUnion to remove tax liens and civil judgement data from consumer credit reports from July 1 will be a boon to subprime consumers in the short term, but lenders and the ABS markets could suffer in the long run.
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The controversial all-male panel discussing Women in Securitization (WiS) at the SIFG conference in Las Vegas brought up valid points, but the industry must realize that lasting change has to include policing language.
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It never really went away, did it.
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Proponents of “green mortgage loans”, lent against energy efficient homes, argue they are less likely to default and deserve a lower risk weighting than conventional mortgage lending. But it’s a long shot, and there are plenty of other ways to promote the market.
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While regulators and politicians try to hash out a compromise over the “simple, transparent and standardised” securitization framework, the European ABS market is drifting further and further away from EU authorities imagine it to be. But that doesn’t mean fixing STS is any less important.
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As US retailers start to report their Q4 earnings, the numbers demonstrate the fickle nature of an industry that the US leveraged credit markets might do better to avoid.
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A spate of mortgage securities issuance has been welcomed with enthusiasm among RMBS investors lamenting the state of the sector post-crisis, but in order to keep investors’ trust, issuers need to stick to practices that are beyond reproach, especially as the possibility of regulatory easing looms large.
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The first weeks of the Trump administration have been chaotic. So much so that the big banks may be re-evaluating their once rosy outlook for the economy under an 'outsider' president.
