Oportun provides financing to borrowers with a lack of an established credit history or who are underserved by traditional, mainstream financial institutions.

The company claims its digital registry system is a faster, safer alternative to MERS databases

Reporting to Tricia Hazelwood, who is head of international head of securitized products, Badrakhan will head up MUFG’s U.S. esoteric ABS business.

All five of the Biden administration's nominees received enough votes to secure passage to the Senate floor. Chair Sherrod Brown of Ohio called the moment "historic."

During his March Federal Open Market Committee meeting press conference, acting Federal Reserve Chair Jerome Powell said the Fed's supervision and regulatory panel was no longer active and key decisions about stress tests and bank mergers were being handled by the full board.

Company management believes it can still be successful in the securitization market despite widening spreads.

A majority of the loans, 63.5%, were designated as non-QM loans, and about 36.5% of the loans in the pool are made to investors for business purposes.

The term note maturity is also relatively short, and has a scheduled amortization term, which KBRA considers to be a credit strength.

Despite relatively stable performances for the majority of the pool since the previous rating action, concerns remain about the pool’s high exposure to the two loans.

Executives speak on the uncertainty created by the Russia-Ukraine war and Federal Reserve announcements.

The West Virginia Democrat released a statement Monday saying that Sarah Bloom Raskin, President Biden's nominee to serve as the Federal Reserve's top regulator, "failed to satisfactorily address my concerns" and that he would not support her. Manchin's "no" vote puts her confirmation very much in doubt.

Self-employed borrowers accounted for 29.8% of the pool, while loans with co-borrowers and multiple borrowers accounted for 39.9% and 9.8%, respectively.