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Recent developments in mortgage servicing rights

  • Dentons
  • -
  • Global, USA
  • -
  • February 14 2012

Recent changes to the regulatory treatment of mortgage servicing rights ("MSR"s) for financial institutions subject to Basel III, together with political and prosecutorial pressures, have resulted in a substantial increase in incentives for financial institutions to transfer their residential MSRs

Department of Energy announces Financial Institution Partnership Program

  • Dentons
  • -
  • USA
  • -
  • October 13 2009

The Department of Energy ("DOE") recently announced the long anticipated Financial Institution Partnership Program ("FIPP") in connection with its loan guarantee program

Summary and analysis of recent updates to the Legacy Securities Public-Private Investment Program

  • Dentons
  • -
  • USA
  • -
  • July 10 2009

On July 8, 2009, after several months of little public comment, the Treasury, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation issued a joint statement (the "Joint Statement") concerning the Legacy Securities Public-Private Investment Program (the "Legacy Securities Program").1 The Treasury also released an updated version of the Legacy Securities Program Frequently Asked Questions (the "FAQs").2 This client alert briefly summarizes and analyzes the material provisions of the Joint Statement and the FAQs, which together provide significant new information concerning the Legacy Securities Program