Success could open up a major source of uncorrelated risk to structured-finance investors.

Amid scuttlebutt, the Atlanta company is mum on buyer, which is rumored to be CrossCountry Mortgage.

A ballot initiative that places additional restrictions on debt collectors and decreases the interest rates that can be charged on medical debt passed Tuesday by an overwhelming margin. Consumer advocates say it will ease the burden on households dealing with hardship, but industry groups contend that it will make credit more expensive.

Banks are starting to use the technology, which protects cloud-based data while it's being used by an application.

Without subordination, overcollateralization, a liquidity reserve account, and an Interest Supplement Account provide initial credit enhancement.

The CFPB's recent guidance on so-called "unfair" bank fees has created legal turmoil for banks and financial firms after the White House claimed the bureau's actions were settled law.

The company was profitable on a net basis but took a comprehensive loss linked to market volatility's effect on mortgage bonds.

Some 53% of the loans are debt service coverage ratio products—originated for business purposes and likely to fund the 43.8% of investor properties in the pool.

Virtually the entire pool is financing used cars. Even that might leave the pool vulnerable to reduced recovery costs, should prices for used cars drop notably.

The company is floating the possibility of selling a portion of its loan portfolio to free up liquidity in coming months, leaders said.

USAlliance Federal Credit Union in Rye, New York, has agreed to merge with Marriott Employees' Federal Credit Union in Bethesda, Maryland, to create a nearly $3 billion-asset organization.

The government-sponsored enterprise put more money aside as mortgage interest rates rise and home prices start to decline.