One-third of Americans say lying on credit applications is acceptable
A FICO survey shows 33% think exaggerating income on credit applications is acceptable. Ironically, many also prioritize strong fraud prevention from banks.
Technology
Fitch Ratings proposes new criteria to rate data center securitizations
The methodology combines existing ABS and CMBS analyses
By
John Hintze
HEI platform Unlock receives $250M in capital support
The agreement with D2 Asset Management doubles the firm's previous commitment to Unlock, as current economic trends provide momentum for the growing sector.
5 ways financial firms nudge staff to use AI more
New York Life and D.E. Shaw are among the companies encouraging use of large language models throughout their organizations.
Fannie Mae partners with Palantir to weed out fraud
Bill Pulte and the government-sponsored enterprise's chief executive will be working with a firm that analyzes big data and utilizes artificial intelligence.
What Ginnie Mae’s newest executive is planning for mortgages
COO Joseph Gormley weighed in on cuts at the securitization guarantor and efforts to improve the industry's efficiencies and the government's.
Large AI projects present $1.8 trillion capital pool for private credit
Carlyle Group Inc. expects more than $1.8 trillion of capital will be deployed by 2030 to meet that demand, and a chunk of that can be taken up by the private markets.
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.
Data center revenue to support $500 million in ABS from TierPoint Issuer
The notes benefit from various levels of debt service coverage ratio (DSCR) triggers that help support repayment.
Non-QM lending shops announce merger
Wholesale firm Ardri's acquisition of The Lending Spot comes after the company installed a mortgage industry veteran as its new president earlier this year.
Two Verizon Master Trust pools raise $900 million in ABS
The notes will be issued through series 2025-3 and 2025-4, and aside from slightly different maturity dates, they have similar initial overcollateralization and reserves.
Data center operator Sabey raises another $435 million
Sabey 2025-2 will feature a $24.8 million liquidity reserve among other credit enhancement mechanisms, including cash trap and early amortization triggers.
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.
Centersquare Issuer get set to issue $940 million through two series of notes
A set of performance-related triggers—cash trapping and expense reserve—will help maintain cash flow to the notes.
Medical equipment helps collateralize NMEF Funding’s $410.1 million ABS
There is also a trigger embedded in the deal, attached to cumulative net losses that would set off a full turbo payment.
NY Attorney General joins coalition against CFPB shutdown
Letitia James and 22 other attorneys general have filed an amicus brief in a Maryland case challenging the dissolution of the consumer protection agency.
Moody’s issues ratings methodology for Data center ABS
The rating agency covers its bases in preparation for a surge in data center debt
By
John Hintze
CyrusOne offers $575 million in ABS, on Virginia and Texas data centers
Among the deal's main credit strengths is that the real estate assets are protected by robust physical security, and 83.5% of the tenants have investment-grade credit ratings.
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.
Compass Datacenters readies $885 million in data center revenues
The deal will sell two series of notes from a new master trust, secured by revenues from three data centers in Phoenix and Toronto.
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