They differ slightly from those released earlier by the Fed-convened ARRC, including language making it easier to ditch a SOFR-derived benchmark in favor of a new benchmark that has yet to be developed.
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Chris D’Angelo, the CFPB's associate director of supervision, enforcement and fair lending, is leaving the bureau after eight years to become a chief deputy attorney general in New York state.
January 24 -
The only change to the deal is a slightly smaller prefunding amount; one loan that had been expected to be acquired after settlement has already been closed.
January 24 -
Cadogan Square CLO XIII DAC will be Credit Suisse Asset Management's fourth euro-denominated CLO issued in the past 12 months.
January 24 -
A security lapse left millions of mortgage records exposed online without proper data protections, according to security researchers.
January 23 -
The "second-look" financing partner for retail chains like Home Depot is offering $135.9 million of notes backed by card receivables in its first securitization.
January 23
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Now that the noncompete has expired, Navient plans to market private student loans to borrowers in school; the servicing giant is also free from restrictions on marketing refinance loans through Earnest.
January 23 -
In selling its Walmart credit card portfolio to Capital One and extending a partnership with Sam’s Club that appeared to be in peril, Synchrony Financial avoids an expensive legal battle with the world’s largest retailer.
January 23 -
TD Bank joins RBC and Bank of Montreal in sponsoring U.S.-dollar securitizations of prime credit-card receivables from its managed portfolio. The market is still awaiting its first U.S. institutional deal.
January 23 -
Since the financial crisis, only one other sponsor, Invictus Capital Partners, has issued publicly rated mortgage bonds backed entirely by investor loans.
January 23 -
That's significantly wider than 121 basis points average for new CLOs backed by broadly syndicated loans that were issued in December.
January 22 -
The specialty finance company is contributing all of the collateral for the $259.7 million deal; by comparison, the previous deal included collateral contributed by Goldman Sachs.
January 22 -
Slower growth to interest rates and home prices will boost housing affordability in 2019, according to Fannie Mae.
January 22














