Refinance loans account for just 21% of the collateral, and even among those borrowers, just under half have advanced degrees.
-
The passage of Proposition 111, which also prohibits lenders from adding origination and monthly maintenance fees, makes Colorado the fifth state to impose caps on payday loans through a voter referendum.
November 7
-
The midterm elections virtually eliminate the chance that progress will be made on financial services legislation.
November 7
-
The transaction, which consists of a single tranche of notes with a preliminary A rating from Kroll Bond Rating Agency.
November 7
-
The San Francisco company, which has racked up big losses over the last two and a half years, signaled Tuesday that it is on a path to profitability after resolving a series of longstanding regulatory problems.
November 6
-
The 2018-1 series from Tesco's Delamare master trust will issue de-linked notes backed by £3.4B in receivables.
November 6
-
The New York-based online lender plans to spend an additional $15 million next year, largely on bank partnerships and international expansion.
November 6
-
While the foreclosure crisis is over and federal regulators are being less assertive on enforcement actions, mortgage servicers must remain vigilant about compliance, as state agencies are stepping up their own oversight, according to Standard & Poor's.
November 6
-
According to presale reports, PGIM is marketing a $509.5 million Dryden 61 CLO transaction in the states, while also prepping a €411 million Dryden 66 Euro CLO portfolio.
November 6 -
The $612 million Horizon Aircraft Finance 1 carries preliminary single-A ratings from Fitch and Kroll, on par with the $1.2 billion deal the sponsor completed in 2015.
November 6
-
The transaction is one of only three CRE CLOs issued post crises with a collateral balance of $1.0 billion or more, according to Kroll Bond Rating Agency.
November 5
-
Although forecasts anticipate a continuing drop in overall originations, private-label residential mortgage-backed securitizations backed by newer loans are expected to keep increasing through next year, according to Bank of America.
November 5
-
Both Kroll and S&P expect losses on collateral in the subprime consumer lender's latest deal to be higher than its 2017 deals; Kroll alone assigned a lower rating to the senior tranche.
November 5
