Student loan provider Nelnet Inc. hired a new managing director of capital markets, Thomas "Greer" McCurley, overseeing all efforts to raise capital --- including term securitizations and conduit warehouse facilities --- for its lending activities. He will also serve as a member of its asset liability/hedging committee, according to the company. McCurley was a corporate finance associate for five years at JPMorgan Chase, where he structured student loan, home equity, and credit card ABS deals. McCurley also oversaw marketing and secondary trading of the bank's exotic interest rate derivative book.
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The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
2h ago -
Known for subprime financing, the sponsor has been making inroads lending to near-prime customers in the last couple of years.
9h ago -
Spreads ranging from 16-18 basis points over the three-month, interpolated yield curve on the P1 (Moody's) and F1+ (Fitch) notes, to 160 to 170 over the benchmark on the class D notes.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Broken down by product type, the agency's NJCLASS Standard Fixed product should account for a large majority of the loans, 75.4%. NJCLASS Consolidation will account for the next-largest group, 14.1%.
April 24 -
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
April 24