Trump tariffs spook markets, but investor confidence grows
The looming initial public offering from Swedish payments firm Klarna comes in the foreground of tariff uncertainties and inflationary pressures.
Industry News
Why credit union-bank mergers have hit a lull
Following a record-setting 2024, only one transaction involving a credit union buying a bank has been announced so far this year. Seller concerns about regulatory approval and pushback from bank industry groups have contributed to the slowdown.
Angel Oak eyes non-QM growth if Trump GSE plan advances
Easing regulations on the GSEs will likely drive elevated activity in non-QM if or when it occurs, leaders at the real estate investment trust also said.
Apollo’s RRAM buys CLO manager Irradiant, adding $11 billion
Apollo will assume about $2.2 billion of private credit and renewable assets from Irradiant, while RRAM will add almost $11 billion of CLO assets to its firm.
SocGen’s CLO desk restructuring bears plentiful fruit
The French bank foresees CLO growth in U.S. and Europe but cautions wariness around the current administration's potential impacts to inflation and the economy.
By
John Hintze
Bessent, Republicans in Congress kick start tax cut talks
The confabs are a sign that Republicans are getting serious about negotiating the contours of a tax deal, even as the House and Senate are pursuing separate strategies.
Interest-only loans rise—opportunity or risk for lenders?
Interest-only loans, popular pre-2008, have revamped requirements and can be an option for borrowers looking for short-term lower payments, stakeholders say.
Why bank M&A is off to a sluggish start in 2025
Deal advisors said the Trump administration's tariff threats and the specter of inflation have given some bankers reason to pause on acquisition plans. Momentum could still mount, but uncertainty in Washington is a detriment early in the new year.
Appeals court erects roadblock for uptier LMEs
Borrowers to test court restrictions as record liability management exercises volume continues
By
John Hintze
Home equity investment firms unite amid regulation shift
The consortium of businesses intends to work with state regulators to protect consumers as interest from secondary market investors also grows.
Fed’s Powell warns climate change will affect housing market
Federal Reserve Chair Jerome Powell said insurance companies and banks are already pulling out of disaster-prone areas, which could pose problems.
A quarter of banks expect M&A deals in 2025: Research
Banks are expecting increased M&A activity across the financial sector, but are concerned about acquisition by credit unions and tech integration challenges.
Tariffs would impact housing, but experts split on severity
Some mortgage stakeholders say Trump's tariffs would make interest rates rise and housing costs shoot up.
CFPB links cash-out refis to improved credit scores
Paying off debt and making home repairs are the top reasons homeowners choose a cash-out refinance, per the bureau's report.
A&D Mortgage to acquire Flagstar’s former TPO business
Over 300 ex-Flagstar employees, initially acquired by Mr. Cooper, will transition to A&D Mortgage.
Crestline delivered one of 2024’s biggest middle-market CLOs
The $1 billion deal included classes A-L-A and A-L-B were offered as loans.
JPMorgan becomes the last big U.S. bank to quit climate-banking group
The banking giant's exit from the global Net-Zero Banking Alliance leaves just three smaller U.S. banks in the group. Climate activists called large banks' departures a capitulation to Republicans' climate denialism.
Morgan Stanley is latest to leave climate-banking group
Bank of America, Citigroup, Wells Fargo and Goldman Sachs have also withdrawn from the Net-Zero Banking Alliance in the past month, as President-elect Donald Trump prepares to take office.
More European middle-market CLOs likely in 2025
Overall CLO growth indicates the asset going mainstream in Europe
By
John Hintze
Couple sues Newrez for OK’ing fraudulent HELOC wire transfer
Newrez's servicing arm approved an "obviously counterfeit" HELOC request from a bad actor totaling almost $500,000, a complaint claims.
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