Latest news
Latest news
Third deconsolidation RMBS from a UK challenger bank since November
Parliament’s draft amendments are kinder to the market than Commission's
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Joel Eckhause, the former head of direct and residential lending at Bank of the West in San Francisco, has joined residential and commercial Property Assessed Clean Energy (PACE) provider Renew Financial as its chief operating officer. -
The European Banking Authority (EBA) has published a template that banks can use to document non-performing loans as part of its action plan to tackle the problem in Europe. However, sources say that Southern European banks will need more than just a market standard.
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Fitch Ratings upgraded Portugal's long-term currency issuer default rating on Friday, giving the country and its debt issuers a boost heading into the New Year.
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Home appliance chain Conn’s Inc has slashed its cost of funding in the securitization market, with its latest deal achieving the company’s tightest pricing since it re-entered the market in 2015.
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Online lender Prosper announced the appointment of Claire Huang as a board member this week as the company looks to enhance its product offerings in 2018.
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The Promoting Real Opportunity, Success and Prosperity through Education Reform (Prosper) Act, which proposes capping federally guaranteed student loans and removing loan forgiveness from income-based repayment (IBR) plans, could benefit lenders and increase student loan ABS volume, said DBRS in a midweek research note.
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Loretta Mester, president of the Federal Reserve Bank of Cleveland, has denied that the release of a controversial research paper comparing peer-to-peer (P2P) lending to the pre-crisis subprime mortgage industry was aimed at disrupting the passage of lender friendly legislation proposed by congressman Patrick McHenry.
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Online small business lender OnDeck has hired two senior executives with expertise in asset disposal strategy and balance sheet optimization.
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Tesla priced the latest securitization from its SolarCity subsidiary last Friday, pushing total solar ABS volume beyond $1.5bn in 2017 as secondary market activity begins to build.
