Lenders financed the properties through first-lien, fixed-rate mortgage loans, most of which were on 30-year terms extended to prime borrowers, many self-employed.

The Consumer Financial Protection Bureau will conduct supervisory exams of nonbank fintech companies that pose risks to consumers as Director Rohit Chopra seeks to level the regulatory playing field with supervised banks.

The bank didn’t disclose which specific employees, or how many, were impacted by the announcement.

The securitization pools loans to people in debt relief programs or who want to consolidate their debts.

The offering is the latest securitization in the fertile automobile ABS market

Both used and new cars make up the collateral in COPAR 2022-1

Sunrun, which is one of its largest players in the solar panel industry, plans an asset-backed security that pools loans tied to residential solar leases and power purchase agreements.

The subprime auto lender has a good track record, but there are concerns about used-car prices normalizing, according to KBRA.

The government-sponsored enterprise has already done twice as many of these deals as it did during all of 2021.

The most profitable and largest used-car retailer has had more than a dozen ABS in the last four years.

DBRS Morningstar says COVID's impact should not stress the ABS.

First social bond will serve rural borrowers who mostly earn under $50,000 in net income per year.