Finance

Freddie Mac is preparing a second transaction designed to transfer credit risk on mortgages that have been modified in order to avoid default.

Fannie Mae has made three selling guide changes aimed at helping the growing number of borrowers with student debt qualify for home loans, and may begin testing other similar proposals related to this goal.

President Trump and Consumer Financial Protection Bureau Director Richard Cordray appear locked in a game of chicken over his continued leadership of the agency

Napier Park to issue 1st CLO of year; Moody's expects CLO refi activity to remain strong; S&P puts gobal corporate default tally for 2017 at 30, including 23 in the U.S.

Goldman Sachs is marketing a $465 million of commercial mortgage bonds backed a portfolio of 10 office properties in Houston, Texas.

Online consumer lender Avant continues to boost quality of its underwriting, and this is helping to reduce its funding costs.

Renovate America launches $268 million of bonds backed by Property Clean Energy Assessements; Calibur Home Loans returns with non-prime RMBS, and three more collateralized loan obligations refinance.

A $26 million settlement by Santander Consumer is shining a light on the hard-to-measure problem of auto dealer fraud, while also raising questions about the adequacy of lenders' efforts to combat bad behavior

Charles Citro joined the Morningstar Credit Ratings this week as managing director for commercial mortgage-backed securities ratings and analytics

Student loans are showing signs of growing too fast, perhaps the only market flashing a warning even as the economic recovery grows older, Citigroup Chief Financial Officer John Gerspach said

Dell and Ascentium launched a pair of equipment lease securitizations; NextGear readies notes backed by auto dealer inventory financing; Consumer Portfolio Services closes on auto ABS.

Ocwen Financial and its subsidiaries faced a slew of accusations from federal and state regulators on Thursday, which raised questions about whether the firm could survive.

Managers of European collateralized loan obligations are under-reporting their exposure to loans that lack certain investor protections, according to Moody’s Investors Service.

Bayview Asset Management is bundling bonds that Fannie Mae and Freddie Mac use to transfer the credit risk of mortgages into collateral for new bonds.

Two PACE program administrators, Ygrene Energy and Renew Financial, picked the same day to launch their first securitizations of the year.

Navient is hopeful that its purchase of $6.9 billion of student loans from JPMorgan Chase could encourage other banks to consider selling their portfolios.

Massachusetts Mutual Life Insurance is marketing an unusually large offering of bonds backed by equipment loans and leases.

Supreme Court Justices appeared exasperated with both sides in a case that would define whether companies that buy distressed debt are covered under a federal statute setting limits on their activities.

The Toronto-based lender is planning to sell debt backed by nearly C$2 billion ($1.5 billion) of prime uninsured mortgages. That's a new development in a country where big banks have historically packaged government-insured mortgages into bonds.

The first new commercial mortgage securitization to hit the market in two weeks is backed by a portfolio of cold storage facilities.