Real estate investment trusts have been quietly accessing a cheap source of funding previously available only to banks and insurance companies: the Federal Home Loan Banking System.
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The Chicago-based online consumer lender, which focuses on borrowers with less than pristine credit histories, is getting a boost from JPMorgan Chase, Credit Suisse and Jefferies.
August 20 -
Societe General paired up with Wells Fargo to sell $659 million of commercial mortgage backed securities. The deal marks a return to U.S. CMBS for Societe General after an 8-year absence.
August 19 -
The Treasury Department announced Tuesday that members of the public will have an additional month to submit comments about the online marketplace lending industry.
August 19 -
Fannie Mae and Freddie Mac have a regulatory mandate to shrink. But that's easier said than done, given the government-sponsored enterprises' outsized presence in the mortgage industry, as their latest quarterly results show.
August 18
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Once again the markets have fallen in love with a group of young, aggressive and not very regulated lenders.
August 18 -
Toyota Motor Credit is marketing $1.32 billion of securities backed by prime auto loan receivables.
August 18 -
Capital One is prepping a securitization of credit card receivables, which has been upsized to $850 million from $650 million,
August 18 -
Alterna Tax Asset Group plans to offer $67.25 million of securities backed by property tax lien certificates from municipalities within the states of Arizona, Florida, Illinois, Maryland, Montana, New Jersey, New York and South Carolina.
August 18 -
Pricing spreads for securitizations that pool Federal Family Education Loans continue to widen on the back of the ratings actions taken by Fitch and Moodys in July.
August 17 -
Four more Federal Home Loan Banks have won regulatory approval to participate in a program that allows member institutions to sell jumbo mortgage loans through a conduit to Redwood Trust.
August 17 -



