This year, industry heavyweights Goldman Sachs, Wells Fargo and Quicken all burst onto the digital lending scene. These big firms may have been latecomers, but their timing was still good, since they came to market amid rising doubts about many of the online lending sector's early entrants.
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Development on the Common Securitization Platform has reached a point where Fannie Mae and Freddie Mac may be able to issue a uniform mortgage-backed security sometime in 2018.
December 8 -
The Mortgage Industry Standards Maintenance Organization, or MISMO, is proposing a standard for the maintenance and sharing of commercial and multifamily real estate rent-roll information.
December 8 -
Caliber Homes Loans has achieved its first triple-A ratings for a subprime residential mortgage securitization in just its third asset-backed transaction since launching its platform this summer.
December 8 -
No corner of the banking industry has gotten a bigger near-term boost from Donald Trump's election than private student lenders. And that's saying something.
December 7 -
JPMorgan Chase, HSBC Holdings and Credit Agricole were fined a total of 485.5 million euros ($521 million) for rigging the Euribor benchmark as European Union antitrust regulators wrapped up a five-year investigation into the scandal.
December 7
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Wells Fargos next commercial mortgage securitization follows a familiar pattern: it is characterized by low leverage, relative to transactions completed this year. And it relies on the inclusion of a pair of relatively high quality loans to boost the overall credit metrics of the pool.
December 7 -
TCF National Bank's latest prime auto loan receivables securitization is its largest to date, at $505.1 mililio
December 6 -
Many CLO managers would welcome a repeal of the soon-to-be enforced risk-retention requirement on deals. But while he sees 5% as slight "overkill," Crestline Denali Capital executive John Thacker sees merit in having skin in the game with investors.
December 6 -
An £821.7 million pool of higher-risk problem UK residential mortgage loans originated by GE Home Money Lending and other GEHML-affiliated is being pooled into in a new Towd Point Mortgage Trust asset-backed offering arranged through Credit Suisse.
December 6 -
The credit cycle is getting pretty long in the tooth, but CVC Credit Partners, a private equity firm based in Chicago, is hoping that theres still plenty of appetite for subprime auto loans.
December 6 -
A refinanced mortgage backed by the historic 85th Tenth Avenue building thats the east-coast home to Google as well as the New York birthplace of the Oreo cookie is being securitized via Deutsche Bank and Wells Fargo.
December 5 -
Fannie Mae joined Freddie Mac in announcing plans to delist some previously-issued debt Connecticut Avenue Securities, which transfer the credit risk on residential mortgages, from the Irish Stock Exchange.
December 5


