The Federal Housing Administration is promoting a particular kind of financing for residential energy retrofits that another regulator staunchly opposes. Mortgage lenders and investors have qualms, too, about the impact on their standing in collateral claims.
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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.
September 12 -
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
September 12
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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.
September 12 -
The trailing 12-month U.S. speculative-grade default rate rose slightly to 5.7% in August, representing the markets highest default rate since June 2010, according to Moodys Investors Service.
September 12 -
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.
September 12
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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
September 12 -
Kroll Bond Rating Agency taps Mauricio Noe to Lead its push into Europe.
September 11 -
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.
September 11
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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.
September 11 -
CNH Industrial Capital America and Balboa Capital Corp. launched a combined $1.01 billion of bonds backed by equipment leases Friday.
September 11 -
Issuance volume of asset-backed securities for the year through September 9, 2016,
September 9 -
Underwriting league tables for asset-backed securities for the year through September 9, 2016.
September 9
