While the severity of Florence was reduced prior to Friday morning's landfall, mortgage servicers are taking proactive steps in addressing the emergency situation.
-
Jamba collateral has been added to the master trust, which will issue $300 million of new notes; proceeds will repay $200 million of existing notes.
October 15 -
The rating agency feels that “late-cycle credit behavior” is allowing less established issuers to rely on the securitization market more heavily for funding.
October 15 -
The REIT is purchasing another $500 million of credit risk transfer notes through Fannie's L Street Securities program; this is its first deal rated by Fitch.
October 15 -
The reinvestment period of $457.8 million Palmer Square CLO 2013-2 is being extended for another four years; there are also changes to the capital stack.
October 15 -
Higher-cost loans, less seasoning and rising APRs have pushed average loan balances beyond $28K.
October 14
-
Citigroup spent years reeling in customers with promotional rates, many of which have expired or soon will. The bank thinks it can keep a large number of those customers and make more money off of them.
October 12 -
The senior tranche of Oak Hill European Credit Partners VII has an assumed coupon that is inside of the market average for September.
October 12 -
Refinance loans account for just 21% of the collateral, and even among those borrowers, just under half have advanced degrees.
October 12 -
The California-based CDFI has a growing portfolio of renewal loans from prior borrowers eligible for higher credit limits.
October 11 -
The bureau says it lacks explicit authority to conduct routine supervision of lenders’ compliance with service member protections, but the decision has sparked pushback from the Defense Department and groups representing military personnel.
October 11 -
The collateral for the new notes will revolve over a period of two years; during this time, the notes will pay only interest and no principal.
October 11 -
The fifth SDART deal of the year benefits from the same improvement in credit quality as other recent transactions from the platform.
October 11















