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BHG tightened income fraud mitigation with a 16-member fraud management team to address increased losses through its consumer digital channel.

Banks have been struggling to offload $15 billion of debt commitments that they agreed to provide in January to help finance the buyout of the software company.

Housing's unusually high appreciation rates have now slowed for three months straight, and the number of metropolitan areas that are considered overvalued keeps growing, according to CoreLogic.

Consumer demands for lower density and more affordable prices fueled a larger share of construction outside urban cores, but recent trends have led to slowdowns across the board.

The North Carolina bank's insurance subsidiary agreed to pay $3.4 billion to buy BankDirect Capital Finance. The sale reflects opposing strategies by the two companies.

The transaction requires that a minimum of 85.0% of the loan borrowers be based in the U.S. or Canada, while up to 60.0% of the collateral can be covenant-lite.

Everyware, a text-based billing company reports strong demand for installment loans — due in part to the immediacy with which people respond to messages that pop up on their phones.

The plan is likely to incentivize borrowers to swap older, bank-owned loans that don't qualify for the benefits for new loans that do qualify as Direct Loans.

Bond credit enhancement has benefited from historically higher-than-average prepayment speeds and low realized losses despite a COVID-related rise in delinquencies.

PACE financings expected to accelerate lending for energy-efficient projects under new Inflation Reduction Act: DBRS Morningstar report.