Finance

There's not enough origination volume to sustain seven private mortgage insurers and the number of underwriters may need to shrink, warns MGIC CEO Patrick Sinks

Less than three months after predicting that banks would resume unloading portfolios of federally guaranteed student loans, Navient Corp. appears to have completed such a purchase.

New York's financial regulator has ordered 28 online lenders to disclose whether they offer loans to state residents and to describe the types of financing they provide, according to a person briefed on the matter.

Demand for loans that allow homeowners to finance energy-efficiency upgrades by increasing their property taxes is booming and Ygrene Energy Fund is planning regular trips to the securitization market to finance its programs.

The delinquency rate on loans commercial mortgage-backed securities increased for the third consecutive month in May after significant declines at the start of the year, according to Trepp.

California Republic is marketing another $400 million auto loan securitization, its second of the year.

The Class A CHASEseries (2016-2) Notes are being issued by JPMorgan’s Chase Issuance Trust, a filing with the Securities and Exchange Commission states. The Class A notes are due 2021.

Speaking at an industry conference Thursday, the heads of several big banks — including JPMorgan Chase, Bank of America and U.S. Bancorp — warned of looming deterioration in their loan books.

Redwood Trust is marketing a $345 million deal with substantial exposure to loans that are subject to the TILA-RESPA Integrated Disclosure Rule, also known as TRID,

The asset-backed securitization is being issued in a three-tranche, $183M structure. This is the fourth ABS issued by Commercial Credit Group through CCG Receivables Trust.

The move towards a single mortgage security is moving too slowly, and that could result in a setback for this program after the election, Mortgage Bankers Association CEO Dave Stevens said.

Although European CLO issuance picked up in March following new central bank quantitative easing efforts, volume still finished the first quarter with a 42% decline from the same period a year ago, according to Moody’s Investors Service.

The BA Credit Card Trust 2016-1 issue will be feature a Class A tranche of BAseries notes, which BofA expects to have a triple-A structured finance rating from Moody’s Investors Service and Standard & Poor’s.

The Federal Housing Finance Agency is set to make the sales of nonperforming loans by Fannie Mae and Freddie Mac more transparent, including providing information on trends at the individual pool level, according to a top agency officia

The pricing of student loans, and higher-ed degrees themselves, should have more to do with the proven earning power of a university’s graduates in the eyes of some innovators. Big data could play a huge role.

The bonds are being issued through Harley-Davidson Motorcycle Trust 2016-A in a five-tranche notes structure, according to the filing with the Securities and Exchange Commission on Tuesday. The notes are backed by a pool of loans with a principal balance of $450 million.

Middle market CLOs have never recovered the role that they played in lending to small and medium-sized companies before the financial crisis; that could change now business development companies and other alternative lenders are under pressure.

LendingClub, the online loan platform looking to restore investor confidence, is in talks with Citigroup to arrange more funding for the debts it arranges, according to a person with knowledge of the matter.

Specialized lender Oxford Finance is securitizing a $324 million notes package backed by first-lien senior loans it has originated for life sciences research firms and healthcare services companies.