Santander Consumer USA Holdings isn't backing off of its aggressive play for borrowers with blemished credit, even as the company's auto lending practices remain under intense scrutiny from regulators
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The percentage of borrowers who default on their student loans shortly after leaving college has fallen, and not because they are having an easier time finding good paying jobs.
September 30 -
JP Morgan plans to issue bonds backed by $500 million worth of loans secured by four multifamily, high-rises in New York City's Upper East Side.
September 30 -
Discover Bank plans to issue $500 million of 'AAA' rated securities backed by monthly payments received on its credit cards.
September 30 -
WinWater Home Mortgage is back with its largest ever securitization of residential mortgage loans.
September 30 -
Credible, a comparison shopping site for private student loans, announced that it has raised $10 million from a group of investors that includes some big names in marketplace lending.
September 30
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As concerns mount about the riskier loans being packaged into commercial mortgage backeds, several banks have come up with a new strategy for making deals more attractive to investors. They are boosting exposure to both high quality and highly leveraged mortgages.
September 29
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Realty Finance Trust, a commercial mortgage real estate investment trust, is tapping the securitization market with bonds backed by short-term, commercial mortgage loans.
September 29 -
The government appears to be speeding toward establishing uniform standards for student loan servicers in light of reports of pervasive problems in the administration of both private and federal loans.
September 29 -
The criticism of a regulatory proposal to tighten Federal Home Loan Bank membership criteria is not abating.
September 29 -
Newtek Business Services Corp., a completed the securitization of $40.8 million of the unguaranteed portion of loans made under the Small Business Administrations 7(a) program.
September 28 -
Fifth Third Bank must pay a total of more than $21 million to settle separate claims by the federal government that the bank's indirect auto-loan business discriminated against African-Americans and that the bank deceptively signed up customers for a credit card add-on product.
September 28 -
Freddie Mac has taken out another reinsurance policy that transfers the risk that mortgages it insures will default.
September 28
