Tim Russi played a key role in the company’s transition away from its once-close relationship on General Motors. He will be succeeded by Doug Timmerman, a 32-year Ally veteran.
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The online lender was able to lower the credit enhancement (again) on its latest securitization of consumer installment loans, the $221.9 million Avant Loans Funding Trust 2018-A.
May 21
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Monthly repayment rates, a key credit metric, are improving, but Ally Financial's second dealer inventory financing transaction of the year includes fewer dealers from its highest-ranked internal credit tier.
May 18
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Senate Democrats want acting CFPB Director Mick Mulvaney to explain why the agency is no longer policing student loan lenders and servicers.
May 18
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Although the Consumer Financial Protection Bureau is loosening certain mortgage rules, others such as restrictions on loan officer compensation and state-level regulation will likely persist, according to industry attorneys.
May 18
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The $770 million transaction is also more concentrated in terms of obligors than MassMutual's prior deal, though more of these corporate obligors have investment-grade ratings, resulting in a lower WARF.
May 18
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Test your knowledge of the secondary mortgage market with this quiz of key industry abbreviations.
May 18
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Affinity's NREIG unit will become OwnAmeria's preferred insurance provider; landlords who list their portfolios will be able to apply for insurance directly from the trading platform.
May 18
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The closed-end fund, a major investor in CLO equity. directed resets of four deals that it controls in the first quarter; this helped end a yearlong slide in its weighted average portfolio yield.
May 18
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The post-recession boom in auto loans and credit cards for borrowers with marred credit histories has been winding down in recent months.
May 17
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Industrywide, car sales were down last year, but there were record purchases of Civics and brisk second-half sales of the redesigned Accord; this is reflected in the model concentrations of HAROT 2018-2.
May 17
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The commercial real estate lender, which is controlled by Canadian and Singapore sovereign wealth funds, included some unusual features in the deal, such as a two-year revolving period.
May 17
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Acting CFPB Director Mick Mulvaney has dropped agency plans to crack down on overdraft programs and large marketplace lenders. Here's what else he's changing.
May 16
