Many lenders are still reluctant to give mortgages to borrowers with less-than-pristine credit, yet such loans are far more likely than prime jumbo loans to be bundled into collateral bonds. Sreeni Prabhu of Angel Oak Capital credits banks' behavior and higher interest rates for that reality.
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More than $200 billion in securitized commercial mortgages come due soon, many of them still underwater
October 4
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Prosper Marketplace is closing the secondary market for its loans, citing a lack of demand among investors.
October 3 -
Capital One Financial plans to start issuing credit cards for the outdoor equipment chain Cabela's under a deal connected with the retailer's expected sale to Bass Pro Shops.
October 3 -
Late payment on securitized commercial mortgages reversed course in September and resumed a climb that began in March, according to Trepp.
October 3 -
Nelnet is marketing its first securitization of federally guaranteed student loans of the year, according to rating agency reports.
October 3
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The private student loan market is dominated by large players, but some community banks are turning to a third-party tech company to help them get in the game.
September 30
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Securitized subprime auto loan losses surged 27% on an annualized basis August, putting the sector on a path to approach post-crisis record loss levels by years end.
September 30 -
Sallie Mae is marketing its third offering of the year of bonds backed by private student loans.
September 30 -
Issuance volume of asset-backed securities for the year through September 30, 2016.
September 30 -
Underwriting league tables for asset-backed securities for the year through September 30, 2016.
September 30 -
Fannie Mae has awarded its latest "community impact" pool of nonperforming loans to an affiliate of the nonprofit New Jersey Community Capital.
September 29 -
NextGear, a unit of Cox Enterprises, is marketing its second offering of the year of notes backed by inventory financing for used auto dealers, according to rating agency reports
September 29
