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At a House hearing last week, GOP lawmakers asked Russell Vought, the acting director of the Consumer Financial Protection Bureau, for advice on how to craft legislation to permanently change the CFPB's authority. The hearing highlighted a consensus among Republicans that administrative policy rollbacks are not enough.
7h ago -
SLR series 2026-1 benefits from initial overcollateralization of 8.00%, with a target of either 13% of the pool's aggregate ABS value or 8.00% of the securitization value on May 31.
9h ago -
The Labor Department report that US consumer prices in June saw the first monthly drop since 2020 was met with relief in financial markets.
July 20 -
The Supreme Court may have allowed the central bank to chart its own course on bank oversight for now, but discrepancies between two recent rulings set the stage for challenges.
July 20 -
The wave of issuance has become a test of credit market depth, while growing unease over the scale of AI spending is hammering the shares of chipmakers and cloud-computing giants.
July 17 -
Most of the waterfall will repay fees and interest, and any deficit or default amounts, until an early amortization event occurs.
July 17 -
Industry professionals generally agree that geopolitical risks could impact credit quality, but their true impact remains unclear.
July 17 -
Lenders are still frequent targets of the class action complaints over unwanted mortgage solicitations, violations that have netted litigants big paydays.
July 17 -
Raising $508.6 million, and being the first to cross the half-trillion dollar mark, the Point 2026-2 series also drove down funding costs by more than 220 basis points.
July 16 -
The central bank failed to prevent critical economic information from falling into the hands of "foreign adversaries," according to a report from its inspector general.
July 16 -
Reports on US consumer and producer prices, showed more deceleration that economists had estimated. As a result, the outlook for Fed policy shifted from two quarter-point hikes by mid-2027 to include the possibility of just one hike.
July 16 -
The private asset-backed finance capital from Oaktree is complimentary to Temple View's public ABS program.
July 16 -
The super senior and senior support tranches notes will repay investors on a pro rata basis, while the A2 through B3 notes repay investors sequentially.
July 15 -
The deal will repay principal on a monthly basis, with senior expenses and fees first, unpaid interest payments on the class A and class B notes, then amounts to satisfy the coverage tests or to fund a principal reserve, if any.
July 15 -
The investment banking giant has a hefty amount of excess capital, some of which is being used to meet client demand. At the same time, the company is open to opportunities to do bolt-on acquisitions, CEO Ted Pick said.
July 15 -
Economists at the government-sponsored enterprise have been lowering their single-family origination volume estimates for several months.
July 15 -
The average contract rate on a 30-year fixed mortgage climbed 7 basis points to 6.65% in the week ending July 10. Meanwhile, the group's index of mortgage purchase applications fell 7.3%.
July 15 -
The global bank said it's ready to take advantage of opportunities to accelerate investments into its business, with an eye toward achieving longer-term, sustainable growth. Analysts had tough questions about the plans.
July 14 -
After the turbo period—months 12 through 39—classes A2, A2, B, C, D, E and F1 will receive enough principal payments to reach their respective target note balances and stay there.
July 14 -
Kevin Warsh made his first appearance before Congress as Fed chairman Tuesday and noted that policymakers have no tolerance for high inflation, reiterating a vow to tame price growth.
July 14 -
The class A notes are exchangeable and will not have a note rate, KBRA specifies, but they will receive payments otherwise for payments due to exchangeable notes.
July 13 -
The Federal Reserve governor said the central bank should consider near-term rate hikes if core-measures of inflation continue to climb.
July 13 -
Octagon Credit Investors is sending letters to shareholders urging them to resist efforts to have it removed as the day-to-day manager for the XAI Floating Rate & Alternative Income Trust, a CLO closed-end fund.
July 13 -
First-loss risk prompts Ellington's migration to the mezzanine level, although some secondary-market equity gets thumbs up.
July 13 -
Bipartisan pushback is targeting data centers with calls to eliminate tax breaks and ensure their energy consumption costs do not get passed on to residents.
July 13




























