Finance

Angel Oak Capital’s second securitization of non-prime residential mortgages brought its funding costs down significantly, helped by the addition of some new investors.

Home Partners of America is marketing its second securitization of single-family rental properties.

The Consumer Financial Protection Bureau said Monday that Wells Fargo had engaged in illegal student loan servicing practices by processing payments to maximize late fees.

As the volume of maturing commercial mortgages spikes, so is the number of loans transferred to special servicing when they fail to pay off.

The U.K. government will redeem £3 billion ($3.9 billion) of bonds backed by mortgages from rescued lender Bradford & Bingley, paving the way for a potential sale of the loans

Patrick Tadie has been promoted to division manager of Wilmington Trust’s capital markets structured finance group.

ECMC Group is marketing $373.7 million of notes backed by federally guaranteed student loans that were once delinquent but are now making timely payments.

The Consumer Financial Protection Bureau on Thursday urged student loan servicers to provide more help to consumers who apply for income-driven repayment plans.

The first commercial mortgage-backed security to comply with "skin in the game" requirements was extremely well received. Market participants credit the way the large banks sponsoring the deal retained the risk – a strategy unavailable to nonbank lenders.

This year federal and state regulators have started to pay closer attention to the rapidly evolving online-lending sector — particularly online small-business lending. What follows is a look at eight key players in the debate over how to regulate this emerging industry.

U.S. Bank Global Corporate Trust Services has hired Joe Nardi to lead its global structured finance group, which provides services that support the mortgage-backed and asset-backed securities for which U.S. Bank is trustee and paying agent.

Capital One is returning to the securitization market with $750 million of notes backed by credit card receivables.

Lenders, realtors, and appraisers are stepping up the fight against a particular way of financing the retrofitting of homes to make them more energy efficient.

Macy’s decision to shutter another 100 of its department stores could impact some $3.64 billion of securitized commercial mortgages, according to Morningstar Credit Ratings.

Prosper Marketplace in San Francisco reported a $35 million loss in the second quarter, adding to the struggles of the entire marketplace lending sector

Arch U.S. MI's acquisition of United Guaranty Corp. will make one of the smallest private mortgage insurers the sector's new market leader. While the move is likely to ease pricing competition among the six remaining players, it's not expected to set off a wave of further consolidation.

JPMorgan is taking a riskier route for its second jumbo prime mortgage loan securitization of 2016. Unlike the bank’s securitization of nonconforming fixed-rate loans in June, the assets backing the $434.1 million JPMMT 2016-2 transaction are exclusively adjusted rate mortgages. They also include a cross-section of loans not meeting qualified mortgage/ability-to-repay safe harbor protections.

American International Group agreed to sell mortgage insurer United Guaranty Corp. to Arch Capital Group as Chief Executive Peter Hancock works to simplify his company and free up capital to return to shareholders

Avant, the online lending platform based in Chicago, appears to be back in the good graces of capital markets investors.