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The asset manager is in the midst of transforming itself from a dominant player in stocks, bonds and public markets, into one of the largest firms in private credit and infrastructure markets.

The loan is expected to have an initial term of two years, with the potential three, 12-month extensions.

A week after President Trump demanded a 10% cap on credit card interest rates, top executives at big banks protested the idea in blunt terms.

Transactions from 2024 are performing better than deals issued in 2023, and deals from 2025 and 2024 are performing well with in expectations.

The 10% cap would cause a key measure of bond income — called excess spread — to drop to levels similar to those seen during the global financial crisis

Interest-rate swaps showed traders continued to all-but-fully price in a Fed rate cut by the June policy meeting, with some chance of an earlier move but minimal odds of action this month on January 28.

Underwriting relied on full documentation in keeping with Ability-to-Pay rules, and all the loans received a third-party due-diligence review.

A Florida man's racketeering class action case accuses two mortgage employees of conspiring with a homebuilder to facilitate fraudulent construction draws.

Cryptocurrency development in the mortgage industry has accelerated in no small part from easing regulation and a push from FHFA Director Bill Pulte.

Express Settlement Loans, or E-Loans, extended to customers enrolled in a debt relief program, and Consolidation Loans, or C-Loans, for more qualified borrowers are in the pool.