The securitization was also oversubscribed, with participation from more than 25 institutional investors, which will receive a blended fixed rate of 5.71%, the company said.
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The forward-flow agreement with the lending fintech comes as home renovation spending surged during the first half of this decade.
August 5
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Certain provisions in the deal allow for changes in the collateral pool, including allowing for discretionary substitutions of up to 2.0% of the number of properties.
August 4
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While the CPSART program, especially the 2022 and 2023 series, was performing worse than its initial or revised expectations, the 2025-C collateral was relatively better.
August 4
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The Federal Reserve governor's term was set to expire in January and President Donald Trump has made it clear that she would not be reappointed. The vacancy will give Trump an opportunity to appoint someone new to the central bank's board.
August 1
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The Senate bill would make forbearance available to homeowners directly impacted by extreme-weather events, including 2025 California wildfire victims.
August 1
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Deal's trucking exposure could raise credit challenges as tariffs increase.
August 1
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Employment came in below estimates, which some economists expect could move the bond market in ways that affect loan costs even before the Fed meets next.
August 1
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The firm's 11th deal jumps in size over last year's and offers new single-B risk.
August 1
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A dramatic boardroom purge at the NCUA has unleashed a fierce debate over the future of credit unions, and whether they're still serving their original mission.
August 1
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The deal's weakening credit numbers follow timeshare trend.
July 31
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The data center's highly rated tech-firm tenant remains a mystery.
July 31
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The 30-year fixed rate stayed within a narrow range throughout most of July, with forecasts likely to leave the housing market "stuck," said one economist.
July 31
