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Since the first SLL was arranged roughly seven years ago, the market for such loans has grown to almost $1.8 trillion.
October 29
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Local Law 79 affects roughly 15,000 commercial real estate buildings in New York City, a market ripe for securitization.
October 29
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The Dallas-based bank swung to a loss in the third quarter after reclassifying a large bundle of multifamily loans that it plans to offload under a recently announced strategy pivot.
October 29
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The average size of a Small Business Administration 7(a) loan has fallen to just over $400,000, a level last reached in 2017, according to agency statistics.
October 29
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The notes receive credit enhancement from overcollateralization, and an initial reserve.
October 29
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Freddie Mac also indicated that it will be proceeding with its closely watched second-lien pilot, while Fannie reported gains in serving credit invisible borrowers.
October 29
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Yields across maturities rose at least four basis points, reaching the highest levels in more than two months, after the monthly auctions of two- and five-year Treasury notes both drew higher-than-anticipated yields.
October 28
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Positive feedback from participants in existing programs led to the decision to expand them in order to assist more lenders.
October 28
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As it gets ready for more competition from VantageScore, the company also did not comment on reports of yet another impending price hike.
October 28
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The assets are composed of seasoned mortgage loans financing a range of residential property types.
October 28
