A fintech startup called Point is allowing consumers sell a piece of their home equity to investors, rather than borrowing against the value of their houses.
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What's really remarkable about the Appeals Court ruling on the CFPB is its rejection of the bureau's position that it's not subject to the statute of limitations.
October 20
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Wells Fargo is marketing another offering of commercial mortgage bonds that relies on a few relatively high quality loans to boost the overall credit metrics of the collateral pool.
October 19 -
Moody's Investors Service concluded its review of five federally guaranteed student loan securitizations either sponsored by or administered by Nelnet. The rating reviews take into account the slower rate of repayment of the collateral.
October 19 -
Structured settlement finance company J.G. Wentworth is seeking to close next week on its first securitization of 2016 with a portfolio of receivables from court judgement, annuity and lottery proceeds purchased from consumer claimants.
October 19
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The Consumer Financial Protection Bureau decried an appeals court ruling last week that found its single-director structure unconstitutional, saying the opinion was "wrongly decided" and had "no basis in the text of the Constitution or in Supreme Court case law."
October 19 -
Goldman Sachs will take "a very deliberate and methodical approach" to building its online lending platform,
October 18
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Managers are refinancing at least 13 collateralized loan obligations totaling $9 billion as the deadline to comply with risk retention approaches.
October 18 -
The second commercial mortgage securitization designed to comply with risk retention is backed by a single loan on a Manhattan skyscraper.
October 18 -
Colony Starwood Homes, a former major investor in distressed loans now focusing on managing single-family home rentals, is structuring a new asset-backed deal of SFR income offering the largest cash flow projection of any recent peer deals in the nascent asset class.
October 18 -
The national headquarters building for Huntington National Bank in Columbus, Ohio, is among the 101 properties securing 60 commercial loans in an office-centric, $953.2 million securitization pieced together by Morgan Stanley, Bank of America Merrill Lynch and three other lenders/sellers.
October 18 -
Student loan borrowers face breakdowns and delays in applying for repayment plans that feature loan forgiveness or interest subsidies, the Consumer Financial Protection Bureau said in a report released Monday
October 17
