The industry has long worried that the ability-to-repay rule gives borrowers an avenue to fight foreclosure, but one plaintiff’s experience may discourage others from trying.
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Property values recovered, and in some cases even surpassed housing bubble peaks, but the same can't be said for waning new construction activity, which won't return to historic norms for years, according to Zillow.
September 16
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SoFi's fourth issuance of marketplace loans includes more contracts in the pool with terms of 24 months, 48 months and 60 months, and fewer 36- and 84-month loans.
September 13
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The Federal Housing Finance Agency is revising the multifamily loan purchase caps for the mortgage giants Fannie Mae and Freddie Mac to increase affordable housing.
September 13
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Moody's has raised its expected loss levels for Ford Motor Credit's 2019-3 and 2019-4 floorplan receivables portfolios after applying junk status to the unsecured debt ratings to FMC and parent Ford Motor Co.
September 12
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The Supreme Court may be closer to examining a key restraint on a president's ability to change CFPB leadership.
September 12
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CBAM Partners announced the hiring away from AXA Investment Managers an executive with significant experience in the CLO and European debt markets to assist in the launch of its European credit strategies business.
September 12
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A swell of refinance demand amid a low mortgage rate environment pushed lender profit margin outlooks to the highest level since the first quarter of 2015, according to Fannie Mae.
September 11
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Deutsche Bank analysts said the newly downgraded junk status for Ford and its captive-finance subsidiary could mean more dependence on securitization to offset expected higher bank financing costs.
September 11
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The regulator for Fannie Mae and Freddie Mac suggested that a finalized capital framework for the two mortgage giants could be published by the end of the year.
September 11
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It hasn't stimulated loan demand in ways banks hoped it might, and some CEOs fear future rate cuts might cause companies to hunker down.
September 10
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JPMorgan CEO Jamie Dimon said at an investor conference that the Trump administration's plan for Fannie and Freddie would provide more opportunities for financial institutions. He also called for an end to the U.S.-China trade war and weighed in on the prospect of interest rates falling to zero.
September 10
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HPEFS 2019-1 is the debut $807 million offering sponsored by Hewlett-Packard Financial Services Co. (HPEFS), in an asset-backed offering backed by business leases and loans that are financing small-ticket PC, networking and mobility equipment for both large and small businesses.
September 10
