A growing number of companies like Klarna, Sezzle and Circle let consumers split large purchases into smaller transactions paid over time. But they say they need to offer more than one product to set themselves apart and build customer loyalty.

The data also showed that more purchase loans were made to low- and moderate-income borrowers last year, but fewer refinances.

About 18.5% of borrowers in the mortgage pool were self-employed, a slightly lower level than the combined percentages for 2020 and 2021 deals.

Demand was strongest at the high end of the market, which pushed loan amounts up for the fourth straight month.

Daimler AG’s subsidiary Mercendes-Benz Financial Services USA originated the closed-end vehicle leases.

Radnor Re will pay interest on the notes out of proceeds on coverage premiums on private mortgage insurance contracts for residential mortgage loans.

Federal Reserve Chairman Jerome Powell said the market dislocations of the past year resulting from the pandemic had changed the impact that the supplementary leverage ratio was having on the largest banks. After temporarily easing the requirement, the central bank is considering longer-term reforms.

A spike in government-sponsored applications helped lead indexes to their largest gains in several weeks.

Two lodging property loans in Alabama and South Carolina were taken out prior to COVID-19, and the loan on the Alabama property had been granted forbearance.

Executives at Citizens Financial and Regions Financial said they plan to make policy changes that will reduce their reliance on the controversial but already dwindling charges.

Air New Zealand and Delta Air Lines lead the list of large and small airline lessees whose contracts underpin the deal, which have contracts on 18 aircraft.

Changed borrower psychology and the severe housing inventory shortage dropped lending activity across the board, according to Black Knight.