Students who took out big loans to attend college or graduate school have lower rates of homeownership than those with little or no educational debt, according to research published Monday.
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A combination of attractive financing and more plentiful supply of collateral CLO issuance to $10.2 billion in April. the highest level in nearly two years.
May 5 -
Lending Club, the online consumer lender whose fortunes were hurt by scandal last year, lost $29.8 million in the first quarter amid lower revenues and rising expenses.
May 5
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Risk retention rules created some big hurdles to creating new collateralized loan obligations. Yet they also opened up new avenues for investing in the market, as many managers serving as fee-for-service agents were compelled to raise the capital necessary to keep skin in the game.
May 4
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Prosper Marketplace, one of the largest U.S. online-lending platforms, notified the majority of the investors that buy its loans that it had overstated their annual returns due to a system error, a spokeswoman said.
May 4 -
The next single-asset CMBS to hit the market is backed by the land under an iconic Manhattan address known as the Lipstick Building.
May 4
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Toyota Motor Credit, DriveTime and AmeriCredit are marketing their second securitizations of 2017; Nissan Motor Credit is selling bonds backed by floorplan receivables; Mercedes-Benz Financial Services Canada i is issuing U.S.-dollar denominated notes.
May 4 -
After more than two days of debate, the House Financial Services Committee on Thursday approved its sweeping Dodd-Frank Act rollback bill.
May 4
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In an attempt to show it went all out to help struggling homeowners, the embattled mortgage servicer Ocwen Financial provided an unusual level of detail about foreclosures that regulators have deemed "inappropriate."
May 3
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CIBC is planning to issue additional notes backed by credit-card receivables from its CARDS II Trust, according to presale reports from Fitch Ratings, DBRS and Moodys Investors Service.
May 3 -
Late payments on securitized commercial mortgages rose again in April as a large amount of loans matured and borrowers were unable to make a final, balloon payment.
May 3 -
Navient and Nelnet, the two largest student loan servicers, avoided downgrades on some $18 billion of bonds by extending their maturities. Getting the required consents from investors would normally take ages, but recent innovations speeded the process.
May 3
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The unexpectedly strong pace of collateralized loan obligation issuance in April has prompted S&P Global Ratings to increase its forecast for the year as a whole.
May 2
