Latest news
Latest news
PAG also hires new vice president
Agreement on the EU package could run to December, senior lawyer told conference
Octopus Electric Vehicles has also added to its capital markets team
More articles
More articles
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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. -
The Elite platform, run by the London Stock Exchange, has done a €122m securitization of 10 bonds issued by Italian small and medium sized enterprises, and has plans to expand the programme.
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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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First National Bank and Trust (FNBT) has announced a partnership with RC Glitner Services to launch a digital lending platform for small business borrowers in the first quarter of 2018.
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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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An active secondary market has sprouted in the residential Property Assessed Clean Energy (PACE) ABS sector after two years of watershed growth. A growing volume of tradeable assets is expected in 2018. But the outlook is not so rosy for every area of green securitization, writes Sasha Padbidri.
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Research analysts at Bank of America Merrill Lynch's 2018 market outlook answered fears in US securitization markets about increasing overall loss rates on recent loan vintages across various consumer credit sectors – and a rush by some lenders to readjust loss expectations – by dismissing fears of a recession.
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The leadership tussle at the Consumer Financial Protection Bureau (CFPB) threatens to muzzle the watchdog or even have it put down. Many in the securitization industry would welcome that, but this newspaper is not so keen to bid farewell to Main Street's best friend just yet.
