About 79% of the loans in the collateral pool were made to borrowers without full documentation, while 34% of the loans in the pool were underwritten to bank statements.

The move builds on the government-sponsored enterprise’s previous program that facilitated the collection of more rent payment records from tenants who work with its multifamily borrowers.

SESAC Finance, Series 2022-1, will add collateral related to collections from Audio Network, a production music company that SESAC bought in July 2021.

The Tokyo-based company has named Masatoshi Komoriya executive chairman of the board of directors for MUFG Americas Holdings Corp. and its U.S. banking subsidiary. He begins his new role on June 30 while retaining existing executive duties.

Given the significant amounts of energy needed for lighting and climate control, data centers involve more environmental risks than other property types.

Business owners are seeing their cash flow strained by the highest inflation in 40 years and mounting costs to borrow money.

Macchia and Rowan’s hires continue Mitsubishi UFJ Financial Group’s strong expansion in debt capital markets, ABS and leveraged finance since January.

The securitization portfolio consists of originations exceeding risk-based portfolio concentration limits for Channel Partners Capital’s partner firms.

The median prices for the most sought-after metro areas were on average $128,000 lower than in the city the buyer was leaving, Freddie Mac's study of Loan Product Advisor data found.

This year’s stress-test results show large banks have more than enough capital to deal with a major economic crisis, but their capital requirements will likely go up anyway. That has some observers and industry officials concerned credit will tighten even as the economy teeters on the edge of recession.

The Consumer Financial Protection Bureau’s unified agenda was quietly released this week, and it shows that rules on consumer access to financial records and small-business data collection are top priorities. 

Upstart does not maintain exposure to loans’ credit risk to the same extent as other ABS, making underperformance more likely to negatively influence confidence.