Los Angeles dispute resolution platform Ejudicate was banned by the Consumer Financial Protection Bureau for forcing borrowers into arbitration with an affiliated creditor.
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Los Angeles dispute resolution platform Ejudicate was banned by the Consumer Financial Protection Bureau for forcing borrowers into arbitration with an affiliated creditor.
October 10
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The collateral pool is the largest in a year from the securitization program, whose yields are expected to range from 4.75% to 5.35%.
October 10
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All the notes, which are fixed rate, have an Aug. 18, 2031 final maturity date, DBRS said. The transaction will repay investors sequentially.
October 9
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The agency is disclosing the percentage of unpaid principal balance held by borrowers in rural areas as classified by the U.S. Department of Agriculture.
October 9
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The company, which helped consumers strategize their credit card payments and pivoted to a B2B model earlier this year, has sold its intellectual property two months after it folded.
October 9
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Europe's top finance ministers are questioning the U.S.'s commitment to the global capital standards. The mistrust could have consequences for international regulatory efforts.
October 8
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The class A and B notes will receive cash distributions to reduce the interest payment amount and any interest carryforward. Principal payments will follow interest payments.
October 8
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Home prices are one driver. Other factors also have been exerting upward pressure on housing expenses that differ by region and lift the overall average.
October 8
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A unique convergence of several macroeconomic events with persistent financing demand from underserved borrowers and housing investors keeps changing the marketplace.
October 8
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Quantitative tightening has helped to keep mortgage rates elevated, but new concerns over how it impacts market liquidity could lead the Fed to end the program.
October 7
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Total insured wind and flood losses are predicted to be between $10.5 billion and $17.5 billion, according to CoreLogic. Earlier estimates placed the cost of insured damages between $3 billion and $5 billion.
October 7
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Notes benefit from overcollateralization of 2.60% of the initial pool. Subordination and a sequential payment priority will cause enhancement to be built up in the transaction, with overcollateralization reaching 4.5%.
October 7
