The Latest

The card network and telco are designing systems that use 5G to support more payment processes hosted in the cloud rather than on local hardware. The goal is to make services such as autonomous checkout available to small businesses.

The Fed has pledged to maintain the pace of purchases until “substantial further progress” is made on employment and inflation.

Boosts in purchases and cash-out refinances drove the summer turnaround, according to Black Knight.

The sweet 'WBS' deal will raise funds from Nothing Bundt Cakes' vast franchise operation to repay corporate debt and help fund general corporate purposes.

Market conditions suggest that the SFR has positive forward momentum, with a healthy stream of deals in the securitization pipeline through the end of 2021.

Income share agreements, which allow college graduates to repay tuition financing as a percentage of their future income, have come under fire lately from consumer advocates for questionable marketing and other potential legal violations. Some hope a partnership between a Virginia bank and an ISA provider will give the product more legitimacy, while others worry it just masks risks for borrowers.

KBRA highlights regulatory issues surrounding the deal and sector.

KBRA says credit quality is assessed via the firm's internal assessments.

Both the prime and non-prime auto loan ABS sectors are seeing activity.

Asset-backed trusts continue to benefit from how consumers allotted their stimulus and relief payments. Consumer and marketplace loans were part of that.