The first variable funding note for Pagaya will contain newly originated consumer loans as they attain seasoning and await securitization.

Federal Reserve Gov. Michael Barr said artificial intelligence has not yet had a material impact on the labor market, but governments and businesses should be prepared nonetheless.

Self-employed borrowers account for 40.9% of the pool, but they are high earners and the pool has moderate leverage.

A federal judge ruled that the Trump administration's attempt last year to halt funding for the Consumer Financial Protection Bureau was unlawful and unconstitutional. Two other judges have issued similar decisions.

Liability management exercises are driving defaults and complicating recoveries in collateralized loan obligation pools.

The first variable funding note for Pagaya will contain newly originated consumer loans as they attain seasoning and await securitization.

Federal Reserve Gov. Michael Barr said artificial intelligence has not yet had a material impact on the labor market, but governments and businesses should be prepared nonetheless.

Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.

Most of FIAOT 2026-2's assets, 69%, were originated through Stellantis' Captive Program, which allows small business owners to purchase commercial vehicles for personal or business use.

The private placement deal was a huge leap in value from its inaugural securitization in October 2024, when it raised $150 million.

The move solidifies the convergence of securitization, and the techniques that make the deals operate, with other financing solutions.

The share of American households considered "financially vulnerable" rose to 17%, the highest level since at least 2018, according to the nonprofit Financial Health Network.