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Dealers are in solid financial health, school buses secure 20%-35% of notes, and Navistar Financial has never had a bus dealer bankruptcy in its history.
May 12
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In most selloffs, investors can find a few safe havens. But in this year’s corporate bond rout, a backdrop of stagflation means there is absolutely nowhere to hide.
May 12
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Lorie Logan manages the Fed’s System Open Market Account and played key roles in the central bank’s crisis responses in 2020 and 2008. She replaces Robert Kaplan, who resigned amid a stock trading scandal last fall.
May 11
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Consumer Financial Protection Bureau Director Rohit Chopra is pushing the envelope of the bureau's power and jurisdiction in untested ways. More companies are disputing the CFPB’s allegations, refusing to pay large fines or admit wrongdoing, and vowing to defend themselves in court.
May 11
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The deal has a 24-month revolving period, when eligible receivables will be sold to the trust subject to concentration limits and eligibility criteria.
May 11
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While longtime non-QM companies have originated mortgages in the segment for years, new contenders have come into the market as the number of potential customers who fit into the category grows.
May 11
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Americans are reminded about high gasoline prices daily, every time they drive. Another energy cost comes to their attention monthly: utility bills.
May 11
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LendingPoint refers to the consumer installment loans in the collateral pool as DTC loans, and are categorized as either newly originated or renewal loans.
May 10
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The offering touts closings in as few as 10 days and allows homebuyers to compete with deep-pocketed investors and iBuyers.
May 10
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investors are focused on one thing right now: capital preservation. Even commodities, a favorite inflation play, succumbed to the global selloff on Monday.
May 10
