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At a New York event, industry practitioners shared how they are addressing cultural, compliance and logistical objections to making loans based on bank account data.

Anticipated interest rate cuts could help stressed borrowers, but such a shift in monetary policy may curb lending income.

An application for the BondBloxx Private Credit CLO ETF landed with regulators on Thursday afternoon. Subject to regulatory approval, the proposed fund would invest at least 80% of its assets in collateralized loan obligations.

The Onity Loan Investment Trust, series 2024-HB2, is preparing to issue $469.3 million in securitized bonds, with repayment pledged from principal payments from pool of 1,078 reverse mortgage loan and real-estate owned (REO) assets.

Pricing talk includes yields ranging from 4.9% on the AAA, class A1 notes; 5.7% on the AA, class A2 notes; and 6.2% on the AA M1 notes.

Rising property values continue to buffer mortgagors against negative equity situations, Corelogic said.

Apartment buildings, which make up about 40% of the looming maturities, are at the center of the refinancing wave. Many U.S. owners bought their properties using three-year floating rate loans during the easy money era.

Issuance volume of asset-backed securities for the year through September 12, 2024

The action stems from 2017, when the CFPB filed a lawsuit claiming Navient steered borrowers who might have qualified for income-driven repayment plans into more expensive forbearance instead.

Underwriting league tables of asset-backed securities through September 12, 2024