Early next year the 2nd Circuit Court of Appeals is slated to consider whether certain loans are actually securities.

Lenders that offer streamlined refinances in the future shouldn't be required to consider the borrower's income or employment status, according to the Mortgage Bankers Association. The trade group's comments were part of its response to a request for information on mortgage products that would support the financial stability of households.

For hotel mortgage-backed securities, Fitch expects a better outlook, with the 2023 delinquency rate not expected to return to its pandemic peak of 18.4%.

Rising interest rates and tightening consumer credit are likely to drive many consumers to use interest-free point-of-sale loans, putting BNPL fintechs' data-driven underwriting to the test.

John Williams, the president of the Federal Reserve Bank of New York, praised the Fed's new guidelines for granting fintechs and other nonbanks access to the payment system. He also echoed calls for new rules to govern stablecoins and cryptocurrencies.

However, a tiered pricing system will limit an inflation-driven increase to under 10% for a small group of originators.

After its foray into entity, framework and instrument ESG ratings, Fitch will offer ratings on a range of structured notes including solar ABS, RMBS and CMBS. 

Kapitus will issue expandable term notes, where at any time during the revolving period it has the ability to issue additional notes, up to $500 million.

The uptick in cash balances might indicate the challenges issuers are facing originating new loans for reinvestment in commercial real estate CLOs.

Nonbanks will probably see the least change, while securitization lenders, depositories and REITs are likely to experience the most, an Urban Land Institute survey suggests.

The case involved a customer who was charged $100,000 in legal fees when he tried to pay off a commercial mortgage early. After the borrower waged a nearly decadelong legal fight, a Florida court ordered the bank to reimburse a portion of the fees.

Over time, the receivables that have FICO scores greater than 720 have continued to rise steadily, while receivables with scores of less than 660 have declined.