Credit card issuer Mission Lane applies for bank charter
The credit startup is seeking a limited-purpose charter from federal regulators through the Competitive Equality in Banking Act's credit card bank carveout.
Technology
Fannie Mae establishes new AI governance guidelines
In an update to its seller and servicer guide, Fannie Mae laid out details on responsibilities for vendor oversight and the need for transparent AI policy.
Data center ABS Iskandar and Kaveh bring to market, raising $1.4 billion
Iskandar and Kaveh have a liquidity reserve of about $16.3 million at closing, and a cash-trapping trigger if the three-month average class A debt service coverage ratio (DSCR) falls below 1.45x.
Exclusive research Big AI spenders are reaping large productivity gains
American Banker data found that those who upped artificial intelligence spending by more than 25% in the last year saw major improvements in employee output.
GSEs ease prefunding rules, extend manufactured housing terms
The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
Software obsolescence risk menaces CLO market
Highly leveraged software companies facing major credit challenges may turn to using more LMEs to stave off defaults.
By
John Hintze
PE firm buys mortgage tech company formerly known as Voxtur
Hale Capital Management purchased Voxtur Analytics after a tumultuous past few years that included financial struggles, and rebranded it as Apex Analytics.
Flexential Issuer aims to sell $1.4 billion in colocation data centers
The A2 tranche in the 2026-1 series will issue the bulk of notes $765 million, with an A- rating, and a March 2031 anticipated repayment date. Its legal final maturity date.
Treasuries rise before auction as US tech shares slump
Bonds were buoyed by a rally in the UK market, while Friday's month-end Treasury index rebalancing — incorporating sizable quarterly issuance — may trigger additional buying from passive investors.
Treasuries rise before auction as US technology shares slump
Technology shares in the S&P 500 Index fell as much as 2.9% led by Nvidia Corp. shares, which slumped 5.6% after reporting quarterly results after the close Wednesday.
Bond traders are betting on Fed rate cuts spilling into 2027
Futures spreads linked to the Secured Overnight Financing Rate, which closely track expected Fed policy, are becoming deeply inverted — a sign that traders are starting to price a more prolonged central bank easing cycle.
Cook: AI’s labor impact may take years to measure
Federal Reserve Gov. Lisa Cook said AI could boost productivity, but warned the transition may raise unemployment and force difficult tradeoffs between inflation and jobs.
Securitization’s unique AI playbook, and what’s driving it
As finance chiefs feel the pressure to include AI in business models and work flows, the ABS industry is responding with leaner internal operations and reduced human errors.
Fed’s Barr outlines AI risks to finance, labor market
In a speech Tuesday, Federal Reserve Gov. Michael Barr said it was possible that artificial intelligence will boost productivity in an undisruptive way. But he said policymakers should also be wary of a financial crash if those gains are not realized or a rapid adoption that could lead to labor displacement.
AI race mints top-rated hyperscaler-backed data center debt
It's the first time either S&P Global Ratings, Moody's or Fitch Ratings has handed out a triple A rating to a data center ABS deal, has assigned previous Compass offerings its highest rating.
Fed’s Jefferson wary of inflationary pressure from AI
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
Exclusive research Community bankers distrust the Fed, fear nonbank competitors
American Banker's 2026 Predictions report finds that nonbank entities and check fraud are major threats to local banks in the coming months.
The $3 trillion AI data center build-out becomes all-consuming for debt markets
Across US CMBS and ABS, JPMorgan projects annual data center securitization issuance could reach $30 billion to $40 billion in both 2026 and 2027.
Fiserv adds Affirm’s BNPL to debit cards
Pre- and post-purchase, buy now/pay later loans from Affirm will be available on Fiserv-issued debit cards. Last year, Affirm and FIS inked a deal to bring Affirm's BNPL loans to FIS-issued debit cards.
Ginnie Mae speeds up loan-level MBS overhaul
The government mortgage securitization guarantor flagged the goal back during the first Trump administration, warning then that it would be a long-term project.
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