Legislation that would authorize the use of private flood insurance on Fannie Mae and Freddie Mac mortgages was overwhelmingly approved by the House late last month, but concerns about its potential impact are beginning to crop up.

Capital One Bank is bringing its first 2016 issue of securitized credit-card receivables in two series of notes totaling $750 million through its Capital One Multi-Asset Execution Trust (or COMET), according to a regulatory filing.

LendingClub Corp. founder and Chief Executive Officer Renaud Laplanche resigned after an internal review of loan sales to a single investor, and president Scott Sanborn was named acting CEO.

Greystone, a commercial real estate lending, investment and advisory company, is adding two executives to a mortgage bond lending team.

The RBC Capital Markets is marketing what is likely to be one of very few offerings of Canadian commercial mortgage bonds this year.

A proposed class-action lawsuit against LendingClub threatens investors in bonds backed by its loans and similar debt even if the plaintiff loses, according to Moody's Investors Service.

Driven Brands, the holding company controlled by Roark Capital, is issuing another $45 million from its whole business securitization.

General Motors is marketing its second offering of the year of bonds backed by auto leases.

Issuance volume of asset-backed securities for the year through May 6, 2016.

Underwriting league tables for asset-backed securities for the year through May 6, 2016.

Fannie Mae’s investment portfolio – once the source of a bulk of its revenues – continued its rapid decline in the first quarter, but executives said they are comfortable focusing on other areas for growth going forward.

Global Lending Services is prepping a $200 million offering of bonds backed by subprime auto loans.