Issuance volume of asset-backed securities for the year through July 1, 2016.

Online lender Avant is offering voluntary severance packages to its 760 employees. Avant expects the staff cuts to be roughly proportional to a projected 40% decline in loan volume this year, according to a company spokeswoman.

FHFA report on GSE's nonperforming loan sales highlights

Freddie Mac has obtained another three new insurance policies under its Agency Credit Insurance Structure program, representing the largest aggregate transaction to date.

Many energy lenders have begun to sour on shared national credits after years of using the hefty loans to bulk up their balance sheets.

U.S. CLO issuance gained traction in the second quarter, as the dollar volume of deals more than doubled after a sluggish start to the year. Nearly half the respondents in the survey now project CLO issuance to reach about $45 billion for the full year, well below forecasts made at the start of the year.

An eventual "Brexit" from the European Union could exclude CLO managers and investors from the CLO market under existing and proposed EU rules that restrict risk-retention and market activity to EU regulated firms.

Fitch Ratings has updated its loan level due diligence for residential mortgage-backed securities to include compliance grading related to the TILA-RESPA integrated disclosure rules.

The Federal Housing Finance Agency is soliciting industry input on how to improve Fannie Mae and Freddie Mac's credit risk transfer transactions, for the first time considering front-end transactions rather than back-end deals.

The Supreme Court on Monday agreed to hear an appeal by Wells Fargo and Bank of America in a lawsuit brought by the city of Miami to determine whether the city can seek redress for lost tax revenue from allegedly predatory mortgages.

Verizon Wireless is making its first trip to the securitization market to help offset the expense of providing customers with financing for mobile phones.