During a three-month period after closing, PAID 2026-1's prefunding account will use deposits to purchase unsecured consumer loans, if they meet eligibility criteria.
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State regulators say proposed changes by the Federal Reserve that would make state bank examiners the primary boots on the ground will make bank examinations faster, but could cause some issues to go overlooked.
January 27
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TVC Mortgage's notes, which will be generally interest-only, will repay investors sequentially.
January 26
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Pre- and post-purchase, buy now/pay later loans from Affirm will be available on Fiserv-issued debit cards. Last year, Affirm and FIS inked a deal to bring Affirm's BNPL loans to FIS-issued debit cards.
January 26
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The government mortgage securitization guarantor flagged the goal back during the first Trump administration, warning then that it would be a long-term project.
January 26
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The moderate leverage reflects the quality of RMBS pools from recent issuance years. Borrowers have a non-zero WA annual income of $1 million, with liquid reserves of $594,348.
January 23
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The buy now/pay later lender is seeking to create Affirm Bank, a Nevada-chartered industrial loan company.
January 23
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The deal amplifies Janus' existing model portfolios and separately managed account offerings and positions the firm to be a leader in that area.
January 23
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The deal includes some structural changes, such as subordination levels of 41.05%, 32.25%, 19.45% and 6.10% on classes A, B, C and D, respectively, and all those levels increased from the previous deal.
January 22
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Observers said the Supreme Court likely will allow Federal Reserve Gov. Lisa Cook to remain at her post while she challenges her purported removal by President Donald Trump. But her continued presence would slow, rather than stop, the president's quest for a voting majority on the central bank board.
January 22
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Mortgage borrowers filed a third amended class action complaint against the bank over modification issues from 2010 to 2015.
January 22 -
The notes will benefit from a reserve account, to be funded unless a default event occurs, and the transaction will deposit an amount equal to interest due on the class RR notes.
January 22
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NewtekOne offers 10- to 25-year amortizing loans with no balloons, and either limited or no covenants, and other provisions similar to SBA 7(a) loans.
January 21
