The $975 million transaction will pay down existing notes from prior ABS offerings, as well as prepay certain debt for Jimmy John's, another affiliate of Arby's operator Inspire Brands.
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A second-term Trump administration would likely continue its deregulatory efforts, focus on Fannie Mae and Freddie Mac's exit from conservatorship, and seek to facilitate fintech participation in the banking system.
August 11
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The agency sought feedback on potential changes to the Equal Credit Opportunity Act. But a coalition of industry and advocacy groups want a longer comment period to afford “a greater opportunity for thoughtful public participation.”
August 10
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San Francisco-based Theorem is marketing its first-ever securitization of online, unsecured consumer loans culled from the LendingClub origination platform using machine-learning technology.
August 10
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Ginnie Mae helped to fund more than $70 billion in loans aimed at helping low- and moderate-income borrowers in July.
August 10
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The collateral pool consists of 59 loans for mostly older garden-style and mid-rise apartment buildings that have undergone recent upgrades and renovation.
August 10
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The private-equity giant has secured a $900 million single-asset commercial loan to finance its investment in three studios where Netflix and Walt Disney will produce original programming for their streaming services.
August 7
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The action, affecting 362 tranches totaling $57 billion, is taken a week after Fitch revised the U.S. sovereign rating to negative because of ongoing deterioration in public finances.
August 7
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Though overall forbearance share is down, the number of extensions is rising as coronavirus hardship filings surpass the 90-day mark that delineates the end of traditional forbearance plans.
August 7
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Conditions have improved for the first time since November.
August 6
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The Fed's TALF program to support AAA-rated ABS securities issuance continues to resonate in the prime auto securitization space.
August 6
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Rising equity levels lifted borrowers across the spectrum in the second quarter, according to Attom Data Solutions.
August 6
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Credit card balances declined most sharply as consumers cut back their spending due to the coronavirus pandemic and associated shutdown orders, the New York Fed said Thursday. But delinquencies also fell across all debt categories, thanks to government and lender relief efforts.
August 6
