After years of expansion as a public company, Ellie Mae went private and cut 10% of its workforce. But new ways to grow lie ahead, according to CEO Jonathan Corr.
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The unrated notes being issued by the FREMF 2019-KG01 Mortgage Trust are backed entirely by workforce housing loans for green-friendly upgrades of older apartment buildings that fulfill affordable housing needs in communities.
June 21
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A DBRS report states rising concentrations of light-duty truck collateral adds risks to vehicle securitization portfolios, but risk may differ among ABS types.
June 20
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The loan covering single-tenant distribution/fulfillment centers is the largest obligation in the transaction being rated by four agencies.
June 20
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Federal Reserve Chairman Jerome Powell says the agency is closely monitoring leveraged lending risks, but suggests further regulations on banks aren’t warranted.
June 19
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The mortgage agency has hired Eric Blankenstein, who sparked controversy while at the consumer bureau over past revelations of racially charged writings.
June 19
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As officials prepare plans for the government-sponsored enterprises' exit from conservatorship, there's no shortage of speculation about what those plans might look like and how they might affect the mortgage industry.
June 19
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Kroll this week withdrew ratings on the defunct subprime auto lender's loan securitization, which had undergone multiple downgrades.
June 19
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The little-known unit was launched in the wake of efforts by the CFPB and HUD to cut back on fair-lending activities, but the reach of the 10-month-old office is still unclear.
June 18
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Jack in the Box Funding LLC (Series 2019-1) trust will issue $150 million in variable funding notes and $1.3 billion in senior term asset-backed securities that will repay all of the company’s debts totaling more than $1 billion
June 18
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The Horizon Aircraft Finance II transaction will use the proceeds from the notes sale to acquire 20 narrowbody aircraft on lease to 16 global airlines.
June 18
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ExteNet builds out and leases infrastructure for mobile broadband services within office towers, stadiums, transit systems and other high-data traffic facilities.
June 18
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Alternative investment manager Pretium plans to buy Deephaven, a residential mortgage-backed securities issuer that operates outside the qualified mortgage market, from Varde Partners.
June 18
