Owing to the revolving pool, Fitch Ratings assigned a base case default ratio of 3.9%, even though the rating agency’s default assumption for the pool was 3.1%.

The allegations against the $559 billion-asset bank are similar to those brought against Wells Fargo related to its 2016 fake-accounts scandal.

New American Funding scored the highest among eligible companies in this year's substantially redesigned measurement of customer satisfaction.

The OBX 2022-J2 Trust will pay notes from a capital structure that follows a shifting interest structure, and subordinate bonds can receive principal payments.

As the Federal Reserve implemented its second 0.75% rate hike in two months, the chair said the system is able to withstand any financial stability risks that rising rates might create. 

Hyundai Capital America is seller and servicer on billions of auto ABS sold through the Hyundai Auto Lease Securitization and Hyundai Auto Receivables trusts.

The deal’s average receivables balance, and collateral APR are both higher, but its WA FICO score has slipped, compared with the program’s previous deal.

The Consumer Financial Protection Bureau said “time is running out” for military student loan borrowers to obtain debt relief under the Public Service Loan Forgiveness program.

The deal includes loans, for which Foursight has purchased insurance policies to cover any deficiency balances on the defaulted contracts and liquidation proceeds.

Fitch lowered its outlooks to ‘neutral’ from ‘improving’ for the hotel, industrial and multifamily CMBS sectors while DBRS expects falling CMBS payoff rates.

The McLean, Virginia, company is starting to “trim around the edges” of its auto portfolio, CEO Richard Fairbank said. That move stands in contrast with Capital One's leaning into its credit card business, which helped push marketing spending above $1 billion.