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

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Industry News

Banking Industry Calls for Extension of Cares Act Regulatory Relief

With the regulatory relief provided by the CARES Act set to expire at the end of this year, many banking industry professionals are calling for Congress to extend the relief into 2021.

Industry News

Federal Reserve Indicates Interest Rates to Remain Near-Zero until 2023

This Wednesday, September 16, the Federal Reserve (Fed) signaled during their Federal Open Market Committee (FOMC) meeting that interest rates will be kept between 0 – 0.25%, with some FOMC members indicating that rates could stay anchored near zero through 2023.

Industry News

Federal Reserve Officials Call for More Congressional Spending

As economic growth continues to move at a slow pace, some Federal Reserve (Fed) officials are publicly calling for Congress to pass measures that would increase spending on several COVID-related relief programs.

Industry News

Mortgage Industry and GSEs Warn that FHFA Capital Plan could Hurt Homeownership

The recent proposal by the Federal Housing Finance Agency (FHFA) to increase GSE capital levels by more than five times could lead to an uptick in housing prices according to several mortgage industry members and the GSEs themselves.

Industry News

Fed Chairman Indicates Low Interest Rates for Years and Calls for More Spending

In a recent interview with NPR, Federal Reserve (Fed) Chairman Powell stated that while there are some signs the economy is recovering from the pandemic, he expects the recovery to “get harder from here” and that we won’t know the actual pace of recovery “with any clarity for a couple more months.”

Industry News

CFTC Provides Additional Relief for LIBOR Transition

On August 31, the Commodity Futures Trading Commission (CFTC) issued a no-action letter that provides additional relief to swap dealers and other market participants related to the transition away from LIBOR.

SFA News

SFA Submits Letter to OCC on True Lender Proposal

On Thursday, September 3, SFA submitted a letter to the Office of the Comptroller of the Currency (OCC) in response to its proposal concerning when national banks or federal savings associations (a “Bank”) make loans and are the “true lender”.

Industry News

PIMCO Warns that FHFA Capital Plan could Threaten Housing Market

On Monday, August 31, PIMCO submitted a letter to the Federal Housing Finance Agency (FHFA) warning them that their enterprise capital proposal could threaten the housing finance market by forcing the sale of mortgage bonds and boosting interest rates.

Industry News

Economists Warn Fed’s Future Tools Could be Lacking

After the Federal Reserve (Fed) released changes to future Fed policy last Thursday, many economists warn that the economic tools it once had could be less effective in dealing with future economic crises. “The Fed is never going to say the cupboard is bare because that’s alarming. But they’ve reached the area of very rapidly diminishing returns,” said former New York Fed President William Dudley.

SFA News

SFA Signs TDR-CECL Reform Joint Trades Letter

On July 29, SFA joined six trade groups including ACLI, AFSA, Equipment Leasing and Finance Association, Marketplace Lending Association, Mortgage Bankers Association, and the National Association of Insurance and Financial Advisors in signing a letter that was sent to House and Senate Leadership.