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Results: 1-10 of 33

FDIC final rule for “safe harbor” protection for securitizations
  • Orrick, Herrington & Sutcliffe LLP
  • USA
  • October 18 2010

On September 27, the Board of Directors of the FDIC approved a Final Rule (the "Final Rule") that governs the rights of the FDIC, as conservator or receiver of a failed insured depository institution (a "Bank"), over financial assets previously transferred by such Bank in connection with a securitization or participation transaction


Joint agency release on S.A.F.E. Act mortgage originator requirements
  • Orrick, Herrington & Sutcliffe LLP
  • USA
  • July 30 2010

On July 28, the OCC, Fed, FDIC, OTS, Farm Credit Administration and National Credit Union Administration issued final rules requiring certain mortgage loan originators to meet the registration requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E


Obama Administration announces conference on housing reform
  • Orrick, Herrington & Sutcliffe LLP
  • USA
  • July 30 2010

On July 27, the Obama Administration announced it will host a "Conference on the Future of Housing Finance" on August 17 at the Treasury Department


Basel Committee reaches agreement on capital and liquidity reform package
  • Orrick, Herrington & Sutcliffe LLP
  • Global
  • July 30 2010

On July 26, the Group of Governors and Heads of Supervision, the oversight body of the Basel Committee on Banking Supervision, announced that it has reached agreement on the overall design of the Basel Committee's capital and liquidity reform package


Rating agency updates
  • Orrick, Herrington & Sutcliffe LLP
  • USA
  • July 30 2010

On July 28, DBRS released its methodology for structured finance servicer evaluations


Dodd-Frank Wall Street Reform and Consumer Protection Act: credit rating agency provisions with comments on application to public finance
  • Orrick, Herrington & Sutcliffe LLP
  • USA
  • August 3 2010

On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act


Rating agency updates
  • Orrick, Herrington & Sutcliffe LLP
  • USA
  • August 6 2010

On August 6, S&P revised its methodology and assumptions for leveraged super senior CDOs


Senate passes FJA bill
  • Orrick, Herrington & Sutcliffe LLP
  • USA
  • August 6 2010

On August 4, the Senate passed H.R. 5981, a bill giving the FHA more flexibility to adjust its premiums for single-family housing mortgage insurance by allowing it to raise its annual premium from the current maximum of 0.55 to a maximum of 1.55


FDIC pilot RMBS transaction
  • Orrick, Herrington & Sutcliffe LLP
  • USA
  • August 6 2010

On July 30, the FDIC closed a sale of RMBS backed by approximately $471.3 million of performing single-family mortgages from 16 failed banks


Foreclosure prevention assistance
  • Orrick, Herrington & Sutcliffe LLP
  • USA
  • August 6 2010

On August 4, the Obama Administration approved plans submitted by state housing finance agencies in North Carolina, Ohio, Oregon, Rhode Island, and South Carolina to access $600 million in foreclosure prevention assistance from the "Hardest Hit Fund", which was established in February to provide aid in states most affected by the downturn of the housing market