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The company relies on automated underwriting to originate 100% of its loans, which improves efficiency and consistency in the loan application process.
June 3
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Some firms are undergoing their second or third rounds of terminations since the beginning of the year.
June 2
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Utilities had to buy electricity from ERCOT for their customers at wholesale prices as a result of widespread power outages in February 2021.
June 2
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Issuance volume of asset-backed securities for the year through June 2, 2022
June 2 -
With anticipated Federal Reserve moves already factored in, inflation and jobs data could play a bigger role in driving movement over the near term.
June 2
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Underwriting league tables of asset-backed securities through June 02, 2022
June 2 -
Investors are on edge over whether the US central bank’s tighter policies will induce a recession. A chorus of Fed officials has fallen behind calls to keep hiking to counter price pressures.
June 2
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The effects on nonbanks will depend on the mix between their production and servicing operations, Fitch Ratings said.
June 1
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JPMorgan Chase CEO Jamie Dimon expressed even deeper concern Wednesday about the likelihood of an economic downturn than he has in recent months. Wells Fargo CEO Charlie Scharf was less pessimistic, but he still spoke of the “reality that the economy has to slow.”
June 1
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CCG transaction’s managed portfolio and securitizations have had low net losses due to strong recovery performance, although default performance has historically been volatile.
June 1
