Fitch Ratings hired Jennifer San Cartier as senior director in its ABS group, reporting to John Bella. San Cartier joins from GE Commercial Finance where she worked on a variety of commercial ABS asset classes, most recently GE's dealer floorplan program. Additionally, Bella, who heads the commercial ABS group, will relocate to New York from Chicago and will take on the additional responsibility of the auto ABS effort. The Chicago team will continue reporting to Bella. John continues reporting to ABS group head, Managing Director Kevin Duignan.
-
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.
3h ago -
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.
4h ago -
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.
6h ago -
The bank is a top auto lender, with a managed portfolio of $7.1 million through December 2023, and has a strong servicing track record.
10h ago -
The initial protection amount, Moody's says, is 12.5% of the total reference pool and equals the principal amount of the rated and unrated issued notes.
April 17 -
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
April 16