Social Finance is supplying lower levels of credit enhancement to its third consumer-loan securitization of 2019.
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The pool of 497 loans includes first-lien fixed- and adjustable-rate mortgages for single-family homes and multifamily properties, primarily underwritten to self-employed borrowers.
June 10 -
A Moody's report highlights the regional CLO market differences becoming more crucial to global investors who analysts say want to better discern variances in each market's standards and performance.
June 10 -
The transaction, cooperatively sponsored by the insurer's residential mortgage lending group of five home-loan entities, is among the smaller of AIG’s recent prime jumbo pools that have been as high as $429 million.
June 7 -
The CFPB issued a final rule late Thursday to delay the compliance date for mandatory underwriting provisions of the 2017 payday lending rule.
June 7 -
The Federal Housing Finance Agency has far more authority to upend the status quo than most realize, according to a new report.
June 7
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The agency's vote Thursday threatens to block many of the industry's communications with customers, though banks did win one concession.
June 6 -
The corporate aircraft finance specialist had previously only pooled jet purchase and lease agreements acquired from GE Capital.
June 6 - LIBOR
The Mortgage Bankers Association created a template for originators to notify new borrowers when their adjustable-rate mortgage switches to a different index once publication of the London interbank offered rate discontinues.
June 6 -
Although it will be refinancing $869 million in debt, Wendy's Funding LLC will remain at a high leverage level in comparison to other whole-business ABS issuers.
June 5 -
Toyota Motor Credit Corp. is debuting a new revolving ABS platform to securitize a large portion of six-plus year term loans excluded from its standard prime-loan securitization shelf.
June 5 -
The company intentionally submitted inaccurate borrower information overstating the number of white applicants, the consumer bureau alleges in a consent order.
June 5 -
Consumers' knowledge of the mortgage process and what it takes to purchase a home has not improved from four years ago and lenders have an opportunity to fill that need, Fannie Mae said.
June 5















