After falling to its lowest level in over 12 years, servicers expected September's surge in delinquencies following the damage of Hurricane Florence, according to Black Knight.

A "second look" finance partner for retailers like Home Depot and Sears Home Pro is offering $167.3M in bonds secured by receivables on high-interest cards and installment accounts.

“We have actually discouraged banks from innovating,” FDIC Chairman Jelena McWilliams said in announcing a move that other agencies have made.

The $262.7 million deal has an expected repayment date of 10 years from the first payment date; is also earned a lower credit rating of A- from Kroll.

It has obtained a $259 million commercial mortgage from Goldman Sachs for a portfolio of 39 buildings in Dallas/Fort Worth, Houston and San Antonio.

Invitation Homes 2018-SFR4 recycles collateral from Colony American Homes 2015-SFR1 (53.9%) and Colony Starwood Homes 2016-SFR1 (46.1%).

It seems a lot of CLO managers who were worried about competing amid heavy supply in the fourth quarter have put issuance on hold until 1Q 2019.

Like recent Federal Education Loan Program securitizations from Nelnet and Navient, it has meaningful exposure to rehabbed loans and loans in income-based repayment plans.

In a move designed to improve access to financial products for consumers with low credit scores and short credit histories, Experian, FICO and Finicity are developing an "UltraFICO" score that lets individuals share checking and savings account data and help lenders better assess risk.

The $310.74 million transaction is also the first backed entirely by loans originated by New Penn that Fitch has rated since 2013.

Both S&P and Moody's have cut expected losses on $732 million deal, yet credit enhancement on the senior tranches is unchanged from the prior deal.

Rating agencies are sparring over a new feature in a private-label RMBS that upends the relationship between senior and sub bondholders.