New York's financial regulator has ordered 28 online lenders to disclose whether they offer loans to state residents and to describe the types of financing they provide, according to a person briefed on the matter.
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Since 2013, CLO Managers have been issuing notes with rates that are initially low, but step up after 18 to 24 months, betting that they can refinance them more cheaply; so far their success has been mixed.
July 21 -
One of the nation's biggest banks and the so-called "everything store" have joined forces to extend loan discounts to students.
July 21 -
American Credit Acceptance is preparing $230 million of bonds backed by subprime auto loans, its third term securitization of the year.
July 21 -
The City of New York is making its annual trip to the securitization market with tax liens.
July 21
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FirstKey Mortgage and Redwood Trust are marketing a combined $1.3 billion of private label residential mortgage bonds.
July 20 -
Kubota Credit Corp., the finance arm of Kubota Tractor Corp., is marketing $600 million of bonds backed by loans to acquire agricultural, construction, and turf equipment.
July 20 -
Navient is contemplating another securitization of federally guaranteed student loans to borrowers who were once in arrears but are now making timely payments.
July 20 -
The Federal Housing Administration released lender guidance spelling out the circumstances under which it will insure mortgages on properties encumbered by Property Assessed Clean Energy liens similar to tax assessments.
July 19 -
Fannie Mae has priced its latest credit risk sharing transaction under its Connecticut Avenue Securities (CAS) series 2016-C04, a $1.32 billion note offering scheduled to settle on Thursday, July 28.
July 19 -
Deutsche Bank and JPMorgan Chase are readying $300 million of commercial mortgage bonds backed by a single asset a San Francisco shopping mall.
July 19 -
The consumer-finance startup CommonBond is doubling down on the education-debt market, which has been a pocket of tranquility in an otherwise volatile online lending sector.
July 19


