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Results: 1-10 of 33

FFIEC releases guidance on reverse mortgages
  • Orrick, Herrington & Sutcliffe LLP
  • USA
  • August 20 2010

On, August 16, the Federal Financial Institutions Examination Council (FFIEC) released guidance on reverse mortgages


Rating agency updates
  • Orrick, Herrington & Sutcliffe LLP
  • Canada
  • August 20 2010

On August 18, Moody's released its methodology for covered bond ratings


IRS publishes guidance on real property lien releases by REMICs
  • Orrick, Herrington & Sutcliffe LLP
  • USA
  • August 20 2010

On August 17th, the IRS published Revenue Procedure 2010-30, which responds to various requests for relief made by CMBS market participants in response to final regulations issued by the IRS on September 16, 2009


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


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