The transaction is the first securitization sponsored by the auto finance company since S&P Global downgraded four classes of subordinate notes in prior transactions due to higher-than-expected losses.

The $533 million Transportation Equipment Trust (TFET) 2019-1 is the first-ever transport finance business securitization serviced and sponsored by BMO Harris' commercial bank, which picked up the business from GE Capital in 2015.

The portfolio consists entirely of narrowbody, single-aisle jets, and has an initial value of approximately $601.9 million.

Arivo Acceptance, a two-year-old specialty-finance auto lender, is launching its debut securitization of subprime and non-prime loans for new and used cars, trucks and SUVs.

Freddie Mac's test of artificial intelligence to make lending decisions could be a significant turning point in broadening the use of the technology.

About 10% of the collateral pool consists of prime loans with extended term loans of 78 months excluded from World Omni's prime securitization platform.

The deal marks the second securitization of large-sized mortgages originated for high-net-worth borrowers, and acquired by AIG.

The commercial mortgage-backed securities sector will weather the fourth quarter's slowing but steady growth in the U.S. economy, as better loan performance counters a continued decline in volume, Morningstar said.

Jelena McWilliams told community bankers that policymakers should be a resource for banks trying to adopt new technology.

By declaring that she has too much statutory power, the agency’s director has potentially opened a floodgate of litigation.

Carlyle Aviation Management is issuing a $540M pool secured by the leases and asset values of 29 mid- to end-of-life aircraft.

Freddie Mac is increasing the number of companies offering merged reports from the credit bureaus through integrations with its Loan Product Advisor automated underwriting system.