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Interest rate increases and economic concerns led the government entity to lower the required amount from $1 million to $250,000.
February 17
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Self-employed borrowers account for 36.2% of the loan pool's outstanding balance, and borrowers with multiple properties represent 47.9% of the pool balance.
February 16
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After months of speculation, Truist Financial has agreed to sell 20% of its insurance brokerage subsidiary to the private-equity firm Stone Point Capital for $1.95 billion. The deal was touted as a way to provide capital for expansion and increase earnings over time.
February 16
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The 51 basis point increase was inevitable after the late payment rate reached a record low in the third quarter, the Mortgage Bankers Association said.
February 16
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Underwriting league tables of asset-backed securities through February 16, 2023
February 16 -
Issuance volume of asset-backed securities for the year through February 16, 2023
February 16 -
The consumer loan and credit card collateral will consist entirely of assets that are seasoned, yet of shorter terms overall.
February 16
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Investors offloaded $12.6 billion of Treasuries last year, but that figure was dwarfed by a record $121.8 billion purchase of U.S. agency debt, higher-yielding securities.
February 16
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The move to shutter the lines of credit for future collateralized loan obligations — so-called warehouses — comes as BirchLane winds down and returns cash to its investors.
February 15
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A pullback by the buyers of Upstart's consumer loans led to a "challenging year," CEO Dave Girouard told analysts. But he added that the company is in "late-stage discussions" with partners that are looking to make longer-term commitments.
February 15
