FICO plans to release a new suite of scores that could reduce defaults on newly originated mortgages by 17%, but home lenders may not use it unless the government-sponsored enterprises do.
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Dana Wade would succeed Brian Montgomery, the acting deputy secretary of the Department of Housing and Urban Development.
February 20
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The new group should look at protecting consumer data and how nonprime financial consumers are treated through new regulations.
February 20 -
The heads of the two companies explain how the deal came about, what hurdles they face and how they plan to mash up their very different operations.
February 20
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Vague criteria and potential "greenwashing" complicate sustainable investments in securitizations, new research suggests.
February 20
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SoFi Professional Loan Program 2020-B Trust is a $1.06 billion asset-backed offering of bonds secured by a pool of loans made to advanced-degree graduates of medical, dental or legal universities, or MBA recipients.
February 19
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Investors are reacting skeptically to the auto lender's deal to acquire CardWorks for $2.65 billion.
February 19
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Over 67% of the loan balances in Sabal Capital Partners' commercial mortgage MBS deal were for apartment buildings financed through the Irvine, Calif.-based firm.
February 19
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A dip in conventional mortgage refinance demand drove mortgage application volume down compared with one week earlier, according to the Mortgage Bankers Association.
February 19
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A proposed change could resurrect bond buckets, but loan industry observers also point to "covered fund" changes shielding loans from a potentially disruptive court decision.
February 18
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The deal for Boston-based Radius would be the first in history in which an online lender buys a mainstream bank.
February 18
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The notes in Citigroup Commercial Mortgage Trust 2020-555 are backed by a beneficial interest in the trust’s $350 million portion of the 119-month fixed-rate commercial loan. The loan is secured by a 52-story New York luxury apartment building in Manhattan’s Midtown West submarket.
February 18
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Years after criticizing the Dodd-Frank Act, the Democratic presidential candidate and former New York City Mayor Michael Bloomberg is now taking a page from the Elizabeth Warren playbook.
February 18
