The marketplace lender has garnered improved ratings in its latest securitization of unsecured consumer loans, a pool featuring a higher proportion of prime borrowers and additional credit enhancement compared to its prior deal.
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In a registration statement filed with the SEC, the company revealed new details about its financial performance and its growth plans.
July 18 -
The $1.11 billion Ford Credit Auto Lease Trust (FCALT) 2019-B has 20.2% of the securitization value tied to leases with terms over 36 months – up from 14.4% in FCALT 2019-A. It's the largest percentage for a Ford lease ABS deal since 2014.
July 18 -
Although the presidentially directed reports on housing finance reform are "essentially done," FHFA Director Mark Calabria doesn't expect them to be published until August or September.
July 18 -
An IACPM quarterly survey released Thursday revealed a growing share of managers who expect to see an unfavorable spread environment amid growing signs of softening in the credit market, along with early indications of weakness in European and U.S. manufacturing.
July 18 -
Navient’s next securitization of private student-loan refinancing will involve only loans primarily issued to advanced-degree professionals by online lender Earnest, which Navient acquired in 2017.
July 17
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The RMBS transaction is only the second deal JPMorgan's trust has issued for non-qualified loans issued under asset-level exceptions for high-net-worth and self-employed borrowers.
July 17 -
The 20 whole loans in the transaction are secured by Bridge's weakest-rated collateral pool to date, compared to three prior Bridge REIT deals.
July 17 -
The bank regulators extended a moratorium for the proprietary trading ban for certain affiliates of foreign banks by an additional two years.
July 17 -
The firms jointly announced that Erin Stafford will head the NA commercial mortgaged-backed securities ratings team and Quincy Tang will lead the residential MBS group. Stafford and Tang currently hold similar roles with DBRS.
July 16 -
Fannie Mae increased its mortgage origination forecast as lower interest rates, driven by economic uncertainty, will lead to more refinance activity, but other factors will continue to hold back home purchases.
July 16 -
Verus Securitization Trust 2019-INV2 is backed by investor loans secured by 1,042 rental properties. The loans were originated by 76 different lenders.
July 16 -
Occidental Management is sponsoring a single-asset, single-borrower deal through JPMorgan backed by the fee simple interest from receivables of a lease-buyback arrangement with Sprint Corp.
July 16










