LendingClub Corp., a pioneer of online marketplace lending, said it raised rates for borrowers again to reflect a gloomier economic outlook and worse-than-expected performance for some of its riskiest loans.
-
LendingClub abruptly adjourned its annual shareholder meeting Tuesday, saying it wasn't ready to address investors after a leadership shakeup last month. It also overhauled criteria for the consumer loans it arranges online.
June 7 -
JPMorgan Chases next residential mortgage securitization looks a lot like the six deals it completed in 2015: it is backed by jumbo loans to high quality borrowers that the bank acquired from other originators.
June 7 -
LStar Capital Finance, the credit affiliate of Lone Star Funds, a global private equity firm, is marketing a $500 million of commercial mortgage securitization, according to rating agency reports.
June 7 -
Ocwen Financial Corp. in West Palm Beach, Fla., will lay off 120 employees as part of a plan to reduce costs
June 7 -
Prior to joining the firm, he was managing director and global head of the natural resources investment banking practice at Barclays.
June 6
-
Vertical Bridge, a cell tower operator founded by former executives of Global Tower Partners, is making its first call on the securitization market.
June 6 -
There's not enough origination volume to sustain seven private mortgage insurers and the number of underwriters may need to shrink, warns MGIC CEO Patrick Sinks
June 6
-
Less than three months after predicting that banks would resume unloading portfolios of federally guaranteed student loans, Navient Corp. appears to have completed such a purchase.
June 6 -
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.
June 3 -
Demand for loans that allow homeowners to finance energy-efficiency upgrades by increasing their property taxes is booming and Ygrene Energy Fund is planning regular trips to the securitization market to finance its programs.
June 3
-
The delinquency rate on loans commercial mortgage-backed securities increased for the third consecutive month in May after significant declines at the start of the year, according to Trepp.
June 3 -
California Republic is marketing another $400 million auto loan securitization, its second of the year.
June 3
