Income-based repayment, a federal government effort to relieve student-loan debt burdens, has roiled a normally tranquil securitization market, as investors can no longer be sure of when they’ll be repaid
More From Asset Securitization Report
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.
Private credit is eyeing bank capital risk trades, Magnetar’s Snyderman says
These firms are seeing an uptick in demand for niche capital relief trades, according to David Snyderman, Managing Partner and Global Head of Alternative Credit and Fixed Income at alternative investment manager Magnetar Capital.
Freddie Mac updates student loan guidance as pandemic relief ends
Lenders will be adjusting to new mandates regarding mortgage applicants that don't have payments for education debt on their credit reports.
How will the student loan decision impact the mortgage industry?
After a Supreme Court ruling, forgiveness for education debt looks unlikely but some of those exiting forbearance for it get a year-long break on credit and fees that could be helpful.
Biden’s student-loan relief plan stirs a $100 billion plus debt market
The plan is likely to incentivize borrowers to swap older, bank-owned loans that don't qualify for the benefits for new loans that do qualify as Direct Loans.
