Velocity Commercial Capital is returning to the securitization market, having tightened underwriting of small balance commercial loans following the disclosure that one of its borrowers misrepresented the use of proceeds.
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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
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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
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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
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California Republic is marketing another $400 million auto loan securitization, its second of the year.
June 3 -
Underwriting league tables for asset-backed securities for the year through June 3, 2016.
June 3 -
Issuance volume of asset-backed securities for the year through June 3, 2016.
June 3 -
The Class A CHASEseries (2016-2) Notes are being issued by JPMorgans Chase Issuance Trust, a filing with the Securities and Exchange Commission states. The Class A notes are due 2021.
June 2 -
Speaking at an industry conference Thursday, the heads of several big banks including JPMorgan Chase, Bank of America and U.S. Bancorp warned of looming deterioration in their loan books.
June 2
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Thomas Humphrey was most recently head of Deutsches corporate banking and securities for the Americas, and was chief executive of Deutsche Bank Securities. He joined Deutsche in September 2014, following a stint as a partner at GoldenTree Asset Management where he led business development.
June 2 -
Redwood Trust is marketing a $345 million deal with substantial exposure to loans that are subject to the TILA-RESPA Integrated Disclosure Rule, also known as TRID,
June 2
