We have previously written about some of the overreaches by the Consumer Financial Protection Bureau (CFPB). Last week, the D.C. Circuit Court of Appeals held in PHH Corporation v. CFPB that the structure of the CFPB is unconstitutional. Taking issue with the fact that the CFPB was headed by a single director removable by the
Seeing is Believing: ALTA’s New Survey Standards
For those of you who read our commentary regularly, you’ll see that we span the commentariat world from musings of perhaps little practical utility but great import (at least to us) to the more mundane. Today, mundane. Let’s talk title policies and survey standards. There’s good news here and often good news doesn’t travel fast enough, so here we go.
Title policies “insure over” information that a survey would discern. It’s precious little good to have a title policy yet find out there’s a missile silo just behind the setback line owned by the US Government. So title companies require a survey and will generally insure over any nasty surprises the survey would have uncovered.
Continue Reading Seeing is Believing: ALTA’s New Survey Standards
Zika Keeps Investors Away From ABS East, But Not From CLOs
Although registration was up this year for IMN’s 22nd Annual ABS East conference held at the Fontainebleau Miami Beach earlier this month, attendance was lower than it’s been in previous years as many industry participants decided against attending due to concerns about the recent Zika outbreak in Miami. The CLO sector, however, continued to be well represented and the consensus of the conference attendees was that CLOs have a very positive future ahead.
Continue Reading Zika Keeps Investors Away From ABS East, But Not From CLOs