The company, poised to complete its purchase of Radius Bank, will enjoy new cross-selling opportunities, gain additional sources of fee income and capital as well as benefit from greater regulatory clarity, CEO Scott Sanborn says.
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The enforcement action, which concerned deficiencies in the auto lender’s compliance risk management program, was the last remaining regulatory matter Santander had to resolve.
February 4
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The new transaction priced inside of the coupons Textainer achieved in its prior 2020 container-lease securitization, as investors continue to clamor for the lengthier terms of the asset class' bonds.
February 3
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However, the share of new impairments increased, likely as a result of the high concentration of these loans given to self-employed borrowers.
February 3
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Moody's Investors Service says forbearance levels were a factor in assigning a higher expected net loss figure for Navient's new FFELP securitization.
February 3
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The startup firm, backed by hedge fund capital, is pooling more than half of its managed railcar portfolio for the single-A rated transaction.
February 2
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A pool of more than 1,600 contracts to small- and middle-market companies include financing for tractors, excavation equipment and dump trucks for firms in transportation, construction and waste services industries.
February 1
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Issuance of securitizations backed by these loans is becoming more dependable, and Fannie will need more mortgages that finance newly-built energy-efficient homes to keep it going.
February 1
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The CARES Act-related forbearances could be “lulling us into a false sense of security” as 12-month expirations approach, according to Black Knight.
February 1
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The transaction consisting of $24 million in securitized Ginnie pools followed a 265% jump in broader industry eNote registrations last year.
January 29
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Like other card issuers, the Stamford, Conn., company expects current trends — soft loan demand but strong credit quality — to reverse later this year as the economy emerges from the pandemic-induced recession.
January 29
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Deals, trends and research in structured finance and asset-backed securities for the week of Jan.22-28
January 28
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Dave Uejio, acting director of the Consumer Financial Protection Bureau, promised to protect veterans from predatory loans and to crack down on companies that improperly garnish stimulus checks or mistreat struggling borrowers.
January 28
