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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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Underwriting league tables for asset-backed securities for the year through October 11, 2018
October 12 -
Underwriting league tables for asset-backed securities for the year through October 4, 2018
October 12 -
Issuance volume of asset-backed securities for the year through October 11, 2018
October 12 -
Issuance volume of asset-backed securities for the year through October 4, 2018
October 12 -
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
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The bureau says it lacks explicit authority to conduct routine supervision of lenders’ compliance with service member protections, but the decision has sparked pushback from the Defense Department and groups representing military personnel.
October 11
