Former Credit Suisse director Jonathan Clark joined SLM Corp. as a senior vice president of corporate finance. Clark will lead the company's unsecured debt issuance and treasury operations. He will also assist the ABS team, according to a company statement. Clark was part of a recruitment haul at Credit Suisse in 2000, when the investment bank appointed Joe Donovan and Greg Richter, among others, to its asset finance group. Clark also worked at Prudential Securities, First Boston and Dean Witter. The student lender also hired John Hewes as executive vice president and chief credit officer, a role in which he will oversee the company's private student loan underwriting policies and credit risk management. For the last 22 years, Hewes led the consumer finance and business lending divisions at MBNA, one of the world's largest credit card issuers.
-
The fixed-rate loans are divided into three sub-pools that relied on rating methods from the RMBS, CMBS and ABS sectors to assess their risks.
2h ago -
The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
7h ago -
The portfolio does not have any meaningful originations that have completed a full repayment cycle, making the company's performance data thin.
9h ago -
Formerly of Wells Fargo, she will coordinate several key units to create a structure for a sustained capital markets program that capitalizes on recent innovation and growth in home equity finance.
April 17 -
The Structured Finance Association questions whether funding closed-end seconds is an appropriate role for the government-sponsored enterprise, while newer lenders welcome the liquidity support.
April 17 -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
April 17