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President Joe Biden preserved continuity at the Federal Reserve by selecting Jerome Powell for a second term as chair and elevating Lael Brainard to vice chair as the U.S. central bank grapples with the fastest inflation in three decades and the lingering effects of Covid-19.
November 22
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Moody’s steps in to provide a higher rating on the Class B portion of the COVID-hardened deal.
November 22
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After Democrats failed last year to rally support for a federal 36% limit, House and Senate proponents are trying to capitalize on the momentum from state rate caps that recently passed on a bipartisan basis.
November 21
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The deal’s sponsor has issued a small rated portion to investors and sold the remainder back to loan-originator.
November 19
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The sponsors got the portfolio through multiple acquisitions from May through October.
November 19
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The loan pool’s volatility score is high but its diversity of properties is a plus.
November 17
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The sponsor’s Fortune 500 parent provides comfort in the face of the subprime-auto industry’s woes.
November 16
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The sponsor’s strong track record mitigates risks, including “dirty current” loans and low FICO scores.
November 16
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Robust salaries are a plus, but concentrating loans in a few well-paying fields presents different risks.
November 15
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The auto-lease and nonprime-auto sectors are fueling what likely will be record volume.
November 15
