Larger system wide sales, three note classes and a cash trapping period, are among the four key changes to the pending transaction. It is also the largest Cajun Global series.

Rising debt-to-income ratios were behind almost a third of refinance rejections among those 65 and older, according to an analysis from the Urban Institute.

Over time, the MFIT securitizations have been getting larger in dollar volume, pricing at tighter spreads, and benefiting from more subordination.

While the trust is exposed to potential for degraded performance during the revolving period, Fitch pointed out that obligors tend to prioritize DPP payments.

Button Finance intends to use the capital to develop its underwriting platform and increase hiring.

Credit conditions are currently considered strongly favorable, but intractable issues from COVID-19, and the likelihood for high interest rates have money managers worried about the direction of corporate defaults.

Average incomes for this age group increased by 24% since 2012, but housing prices jumped 86%.

The enormous issuance is backed by a single loan secured by first-priority mortgages on a pool of about 6,148 single-family rental homes, and 299 townhouses.

The deal is fortified with collateralization, subordination and reserve accounts throughout the capital structure to get most of the notes to top ratings.

Trustmark Bank agreed to pay $9 million to resolve allegations that it discriminated against Black and Hispanic residents in Memphis, Tennessee. Attorney General Merrick Garland said the Department of Justice and other agencies will continue their crackdown.

The industry is prioritizing Black and Hispanic consumers in the interest of social equity and to tap new markets amid declining refinance volume and rising rates.

Roger Hochschild predicts consumers will keep using their Discover cards in the months ahead, particularly when shopping online.