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.

The $320.2 million securitization deal, dubbed HERO Funding 2016-3, will issue two tranches of class A notes with double-A ratings from both Kroll Bond Rating Agency and DBRS.

The Consumer Finance Protection Bureau has ordered Bridgepoint Education to refund $23.5 million to students it alleges were deceived into taking out private student loans that cost more than advertised.

Over the past year JPMorgan Chase has rapidly expanded its credit card business, in part by attracting new customers with spotty credit histories; But rest assured that the company is only dipping its toe into the pool of subprime borrowers, says Gordon Smith, chief executive of JPMorgan's consumer and community bank

Navitas Credit Corp. is pursuing its third securitization of small and mid-ticket commercial equipment lease and loan receivables in a $202.9 million notes structure.

The trailing 12-month U.S. speculative-grade default rate rose slightly to 5.7% in August, representing the market’s highest default rate since June 2010, according to Moody’s Investors Service.

Late payments on securitized commercial mortgages dipped in August, but there is a growing divide between the performance of loan originated before and after the financial crisis.

Orico (or Oriental Corp.), a Japanese finance company partly owned by Mizuho Financial Group, is structuring a $362.2 million asset-backed portfolio of U.S. dollar denominated notes backed by yen-denominated prime auto loans issued to individual and corporate borrowers in Japan

Kroll Bond Rating Agency taps Mauricio Noe to Lead its push into Europe.

In October, roughly $40 billion collateralized loan obligations will become callable, giving managers with a required payment date only a month in which to refinance before the risk retention requirement kicks in.

Jefferies said it received excellent demand for the $293.255 million of tobacco settlement pass-through bonds it priced for the New York Counties Tobacco Trust VI.

CNH Industrial Capital America and Balboa Capital Corp. launched a combined $1.01 billion of bonds backed by equipment leases Friday.