As financial regulators consider how to fit the burgeoning marketplace lending industry into the existing regulatory structure, banks and consumer advocacy groups are beginning to question how community reinvestment and anti-redlining statutes might be applied, if at all.
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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
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The asset-backed securitization is being issued in a three-tranche, $183M structure. This is the fourth ABS issued by Commercial Credit Group through CCG Receivables Trust.
June 2 -
The move towards a single mortgage security is moving too slowly, and that could result in a setback for this program after the election, Mortgage Bankers Association CEO Dave Stevens said.
June 1
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Although European CLO issuance picked up in March following new central bank quantitative easing efforts, volume still finished the first quarter with a 42% decline from the same period a year ago, according to Moodys Investors Service.
June 1 -
The BA Credit Card Trust 2016-1 issue will be feature a Class A tranche of BAseries notes, which BofA expects to have a triple-A structured finance rating from Moodys Investors Service and Standard & Poors.
June 1 -
The Federal Housing Finance Agency is set to make the sales of nonperforming loans by Fannie Mae and Freddie Mac more transparent, including providing information on trends at the individual pool level, according to a top agency officia
May 31
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The pricing of student loans, and higher-ed degrees themselves, should have more to do with the proven earning power of a universitys graduates in the eyes of some innovators. Big data could play a huge role.
May 31
