The transaction closed in August for an undisclosed amount and gives KBRA Analytics a business unit that was expanding in the direct lending analytics industry.
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The class-action lawsuit was brought on behalf of mortgage borrowers who were allegedly placed into forbearance during the early days of the pandemic without their consent.
September 16 -
Some 95.8% of loans in the statistical asset pool as of the statistical calculation date were supported by guarantees with a WA non-zero guarantor FICO of 716.
September 16 -
The Consumer Bankers Association and the Center for Responsible Lending said the Consumer Financial Protection Bureau should renew its efforts to level the regulatory playing field between larger bank and nonbank companies that make installment and other kinds of personal loans.
September 15 -
Non-qualified mortgages comprise 50.5% of the pool, and the remaining loans are considered exempt from the Ability to Repay/Qualified Mortgage rule.
September 15 -
More than 350 investors put money into Agility Bank, a de novo minority depository institution that opened in May. It raised nearly $41 million, well surpassing its $30 million goal.
September 15
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Both the 30- and 15-year averages are now more than 3 percentage points higher from their levels of one year ago.
September 15 -
On a weighted average basis, seasoning was about 10 months, and among loans with an original term of more than 72 months, the FICO score was 730, down from 744.
September 14 -
The transaction closed in August for an undisclosed amount and gives KBRA Analytics a business unit that was expanding in the direct lending analytics industry.
September 14 -
Still near historic low levels, the share of borrowers entering the early stages of delinquency in June increased 0.1 percentage point.
September 13 -
EDvestinU will issue notes through a sequential-pay structure, and pay no principal to the subordinate class B notes until the class A notes are paid in full.
September 13 -
Clients of dv01 leverage the firm's loan-level data for a range of purposes, including securitization and performance analysis.
September 13 -
Essent Guaranty can terminate the mortgage-linked policies when the unpaid balance is first scheduled to reach 78% of the property value at origination.
September 12