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NAIC RELEASES REQUESTS FOR PROPOSALS TO MODEL VALUATIONS FOR COMMERCIAL AND RESIDENTIAL MORTGAGE-BACKED SECURITIES

WASHINGTON, D.C. - February 17, 2015 - (RealEstateRama) -- The National Association of Insurance Commissioners (NAIC) released separate requests for proposals (RFP) for vendors to model expected losses on approximately 6,000 commercial mortgage-backed securities (CMBS) and 24,500 residential mortgage-backed securities (RMBS). This process will produce valuations for state insurance regulators to set risk-based capital for CMBS and RMBS owned by U.S. insurance companies

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Rep. Tlaib introduces bill to stop data sharing between TSA and...

U.S. Rep. Rashida Tlaib (MI-12) introduced the No TSA Data for ICE Act, a new bill that would prevent the two agencies from coordinating to enforce the Trump administration’s mass deportation agenda. In a dramatic violation of privacy rights, the Transportation and Security Administration is sharing passenger names, birth dates, and other data with Immigration and Customs Enforcement, leading to a surge of arrests at airports.