News

Read the latest articles and press releases about securitization and structured finance.

SFA News

Biden Administration Reopens Fannie Mae Program to Waive Title Insurance Requirement

The Fannie Mae pilot program from 2023, intended to eliminate title insurance on low-risk refinance transactions, was reintroduced during the State of the Union address on March 7.

SFA News

Fed Chair Powell Acknowledges CRE Poses Non-Systemic Threat

In his March 7 testimony before the Senate Banking Committee, Federal Reserve Chair Jerome Powell stated that the Fed has identified and is monitoring banks holding “high commercial real estate concentrations.”

Industry News

Powell Alludes to Significant Overhaul of Basel III Endgame Proposal

On March 6, Fed Chair Jerome Powell testified before the House Financial Services Committee, followed by the Senate Banking Committee on March 7.

Industry News

Federal Court Rules on Challenge to Corporate Transparency Act, Declaring it Unconstitutional

Judge Liles C. Burke of the U.S. District Court in Huntsville, AL ruled on March 1st that the Corporate Transparency Act (CTA), which was intended to help the Treasury identify money launderers who hide behind shell corporations, violates the Constitution.

Press Releases

Structured Finance Association Welcomes Walt Cronkite as Director of Communications

The Structured Finance Association (SFA), a leading trade association representing the structured finance and securitization industry, today announced the appointment of Walt Cronkite as Director of Communications. Cronkite will lead SFA’s communications, media relations, and social media.

Industry News

CMBS Provides Insight into Banks’ Loan Book Pressures

Despite mounting debt loads and rising delinquencies, U.S. consumers are not yet overwhelmed. In the fourth quarter, household debt hit a record $17.5 trillion, but adjustments for inflation and income growth indicate it's still below historical peaks.

Industry News

Record Annuity Sales Support Demand for Asset-Backed Securities

Sales of annuities, financial products often purchased by consumers approaching retirement age, hit a record $385 billion in sales in 2023 with higher interest rates promising larger potential monthly payments to policyholders.

Industry News

HFSC Holds Hearing with FINCEN Officials

On February 14, the House Financial Services Committee (HFSC) held a hearing, titled “Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI)” with Department of Treasury officials.

Industry News

U.S. CLO Issuance Hits January Record

The year in CLOs started off with the highest January on record; 33 deals totaling nearly $14 billion.

Industry News

Credit Risk Transfer Transactions Find Growing Interest from Banks and Investors

According to Reuters, U.S. banks issued an estimated $7 billion in credit risk transfers (CRTs) in 2023, protecting against the risk of losses on mortgage and auto loans, and on corporate loans which are expected to see more capital charges under proposed Basel rules.

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