The LendingClubs and SoFis of the world have a big head start, but HSBC's U.S. unit says its partnership with the fintech Avant will help it close the gap in online personal loans.
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Moody's has raised its expected loss levels for Ford Motor Credit's 2019-3 and 2019-4 floorplan receivables portfolios after applying junk status to the unsecured debt ratings to FMC and parent Ford Motor Co.
September 12 -
The Supreme Court may be closer to examining a key restraint on a president's ability to change CFPB leadership.
September 12 -
CBAM Partners announced the hiring away from AXA Investment Managers an executive with significant experience in the CLO and European debt markets to assist in the launch of its European credit strategies business.
September 12 -
A swell of refinance demand amid a low mortgage rate environment pushed lender profit margin outlooks to the highest level since the first quarter of 2015, according to Fannie Mae.
September 11 -
Deutsche Bank analysts said the newly downgraded junk status for Ford and its captive-finance subsidiary could mean more dependence on securitization to offset expected higher bank financing costs.
September 11
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The regulator for Fannie Mae and Freddie Mac suggested that a finalized capital framework for the two mortgage giants could be published by the end of the year.
September 11 -
It hasn't stimulated loan demand in ways banks hoped it might, and some CEOs fear future rate cuts might cause companies to hunker down.
September 10 -
JPMorgan CEO Jamie Dimon said at an investor conference that the Trump administration's plan for Fannie and Freddie would provide more opportunities for financial institutions. He also called for an end to the U.S.-China trade war and weighed in on the prospect of interest rates falling to zero.
September 10 -
HPEFS 2019-1 is the debut $807 million offering sponsored by Hewlett-Packard Financial Services Co. (HPEFS), in an asset-backed offering backed by business leases and loans that are financing small-ticket PC, networking and mobility equipment for both large and small businesses.
September 10 -
The bureau issued three policies removing the threat of legal liability for approved companies that test new products.
September 10 -
The Treasury secretary said he hopes lawmakers will back reforms of Fannie Mae and Freddie Mac within three to six months.
September 9 -
The idea of forgiving student debt has gained traction in the Democratic presidential debates. Undiscussed so far: the significant impact any program could have on the roughly $175 billion of securities backed by student loans.
September 9











