Tesla features prominently in the collateral, representing 41.73% of receivables from borrowers with higher FICO scores than the overall pool.
-
Conning and its affiliates will retain autonomy, while using the Generali connections to extend its reach into global markets.
July 7 -
The May uptick in nonbank housing-finance payrolls came almost entirely from lender hiring as loan broker numbers plateaued and construction demand persisted.
July 7 -
Credit enhancement is lower for all classes relative to the Sierra Timeshare 2023-1, except for class C, and that was because of lower overcollateralization and lower subordination.
July 6 -
A resilient U.S. economy, lingering inflation and comments from the Federal Reserve contributed to a 10-basis-point hike in the 30-year fixed rate, Freddie Mac said.
July 6 -
Churchill Funding is accusing Easy Financial of reneging on a master purchase agreement both companies signed in 2020.
July 6
-
Rising interest rates are putting pressure on multifamily housing borrowers — especially investors who were looking for a quick return.
July 5 -
Tesla features prominently in the collateral, representing 41.73% of receivables from borrowers with higher FICO scores than the overall pool.
July 5 -
The Federal Reserve's instant-payments rail may cut into card issuers' credit and debit card volume over time, but it could also help smaller institutions expand their services.
July 5 -
A vast majority of the pool, 86.35%, consists of primary homes. Investment properties and secondary homes, meanwhile, account for 11.29% and 2.36% of the collateral.
July 3 -
JPMorgan Chase and Discover are among the firms developing new technology to allow more people to shop from behind the wheel.
July 3 -
The payment supplement partial claim the Federal Housing Administration proposed could be effective but not as is, according to the Mortgage Bankers Association and two other groups.
July 3 -
Newman will develop and implement the company's asset capital strategy, and lead a team focused on Hometap's optimization, structuring, pricing and go-to-market methods for various investor segments.
June 30