Federal Housing Finance Agency Director Mel Watt appears poised for a showdown with Congress over how to handle Fannie Mae and Freddie Mac’s dwindling capital buffers.

The Consumer Financial Protection Bureau plans to launch an inquiry into small-business lending, the first step toward crafting a rule for the collection and reporting of small-business lending data.

Palmer Square refinances 2013 CLO, cutting spread on AAA-rated tranche to below 100 basis points; Dryden refinances 2014 European CLO: Five Guys cooking up $440M Whole Business securitization.

Commercial truck lessor Automotive Rentals Inc. is sharply reducing exposure to oil & gas exploration clients in its new $575.2 million fleet securitization of specialty vehicle leases.

Palomar Specialty Insurance Co. said Wednesday closed on its first catastrophe bond. The $166 million Torrey Pines Re will provide Palomar with protection against multiple perils over a three-year period.

Fitch Ratings has lowered its outlook on some subordinate tranches of credit card backed notes issued by World Financial Network Credit Card Master Trust, citing rising chargeoffs.

Borrowers have had an uphill battle maintain a class action against student loan servicers; this could change as a result of the Trump administration’s efforts to dismantle the CFPB.

Social Finance’s new $530 million consumer loan securitization, it’s third of the year, is the first to earn a double-A, from both Kroll Bond Rating Agency and S&P Global Ratings.

Fannie Mae and Freddie Mac issued proposals Monday to create pilot programs for loans on mobile homes, part of an ambitious federal effort to find creative solutions for underserved and rural housing markets.

Textainter is selling $300M in notes backed by global leases for marine cargo containers, marking the third esoteric container ABS of 2017.

The commercial mortgage bond market got off to a busy start Monday, with the launch of two single-asset deals – one backed by a Manhattan office building and the other by a portfolio of hotels – and a conduit.

BMW Bank Gmbh will sell Euro bonds through the Bavarian Sky S.A., Compartment German Auto Loans 6 trust, which includes a €744 million, seven-year Class A note tranche that S&P is rating AAA.