Trump budget suggests eliminating some CDFI awards
President Donald Trump's proposed budget would nix funding for Community Development Financial Institutions in minority-heavy areas while expanding it for rural areas.
Banking
Southern Auto Finance gets ready to float $200 million in notes
Southern Auto Finance uses a heavily automated origination process that puts applicants through several rounds of vetting, including income and employment verification.
Kapitus Asset Securitization set to raise $250 million
At any point during the revolving period, the issuer might upsize the current notes to a $500 million limit.
How tariff uncertainty is taking a toll on banks
The potential for a global trade war has largely undone the optimism that the industry exhibited at the beginning of the year. Here's a look at three ways that tariffs could negatively impact banks.
MPOWER’s second securitization expected to raise $297.6 million
A vast majority of borrowers have either graduated from one of MPOWER's eligible graduate degree programs in science, technology, engineering and math (STEM) or business.
Exclusive: Better.com, Biz2Credit partner on small-business HELOCs
Small-business owners will be given the option to tap into anywhere from $50,000 to $500,000 in financing.
Upstart offers $320 million from consumer loan assets
The capital structure includes amortization triggers based on cumulative net loss levels and material modified loan ratios.
Aqua Finance prepares $373.4 million deal
The sponsor launches the deal after a period of increased originations in marine and recreational vehicle loans, will secure the notes.
Jeffries prepares to being $143.2 million in unsecured consumer loans
Jeffries is preparing to sponsor $143.2 million in securitized bonds backed by unsecured consumer loans underwritten largely through income verification. The trust, Upgrade Master Pass-Thru Trust, series 2025-ST2, will issue just one tranche of notes, which gets a BBB rating from Morningstar | DBRS, which has an expected final maturity date of June 15, 2032. […]
Regions Financial tweaks 2025 outlook, sees US slowdown
The parent company of Regions Bank released modest growth first-quarter earnings, anticipating a slowdown in the economy due to market volatility.
Why Citizens is selling its student loans
The regional bank is offloading a $1.9 billion student loan portfolio in order to focus on its relationships with existing customers, said CEO Bruce Van Saun.
Texas judge throws out CFPB’s credit card late fee rule
A federal judge in Texas found that the Consumer Financial Protection Bureau had violated the CARD Act by barring banks from charging late fees for credit cards.
M&T predicts economy ‘slowdown,’ not recession
The Buffalo, New York-based bank also said Monday that the commercial real estate lending market has started showing signs of life, but that the renewed competition is crimping its loan growth.
Bank mergers and acquisitions in doubt with tariff whiplash
After rapid changes in U.S. trade policy, banks and their clients are putting merger deals on ice until the dust settles.
Newtek’s small business loans support $184 million in ABS
When the deal closes, NALP Asset Backed Securities will deposit $32.1 million in the prefunding account to purchase additional loans.
Non-prime auto contracts back Credit Acceptance’s $500.1 million offering
There is also a full-turbo feature that will kick in after a two-year revolving period.
Three key factors as banks manage CRE risk in 2025
As the risk of a recession rises, commercial real estate loans remain a major concern for banks and industry participants. One observer asked: "Is '25 the year where sellers start to capitulate, call a loser a loser, and move on?"
Commercial real estate faces new challenges after LA fires
Offices, apartment buildings and retail locations in Los Angeles face a tangle of difficulties as the smoke clears from January's wildfires. High on the list is inadequate insurance, a common problem in California.
Nelnet Student Loan Trust readies $1 billion in ABS
Almost all the collateral was extended to borrowers attending four-year schools, and the same percentage was made to borrowers attending not-for-profit schools.
Subprime auto loans back Exeter Finance’s $1 billion securitization
Unlike estimated excess spread, which increased to 13.2%, from 12.8% on the EART 2024-4 transaction, several other forms of credit enhancement levels dropped.
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