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ODX will pursue deals with banks that want to use the New York lender’s technology to offer online small-business loans.
October 16
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Jamba collateral has been added to the master trust, which will issue $300 million of new notes; proceeds will repay $200 million of existing notes.
October 15
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The rating agency feels that “late-cycle credit behavior” is allowing less established issuers to rely on the securitization market more heavily for funding.
October 15
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The REIT is purchasing another $500 million of credit risk transfer notes through Fannie's L Street Securities program; this is its first deal rated by Fitch.
October 15
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The reinvestment period of $457.8 million Palmer Square CLO 2013-2 is being extended for another four years; there are also changes to the capital stack.
October 15
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Higher-cost loans, less seasoning and rising APRs have pushed average loan balances beyond $28K.
October 14
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Citigroup spent years reeling in customers with promotional rates, many of which have expired or soon will. The bank thinks it can keep a large number of those customers and make more money off of them.
October 12
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The senior tranche of Oak Hill European Credit Partners VII has an assumed coupon that is inside of the market average for September.
October 12
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Refinance loans account for just 21% of the collateral, and even among those borrowers, just under half have advanced degrees.
October 12
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The California-based CDFI has a growing portfolio of renewal loans from prior borrowers eligible for higher credit limits.
October 11
