The fallout from the Volkswagen’s emissions crisis has had little effect on the performance of its auto loans, allowing it to keep accessing the securitization market.
More From Asset Securitization Report
Lenders tighten credit as rate hikes shrink refi market
Among the products disappearing from menus in September included those for cash-out refis and investor home purchases, the Mortgage Bankers Association said.
UWM scraps credit score minimums amid KBW downgrade
Fannie, Freddie and Ginnie loan eligibility now rests on AUS findings, with scores kept for pricing. KBW cut UWM's price target to $1.50 as it launches a $400M rights offering.
Pennymac adopts VantageScore as bi-merge debate heats up
While the three largest lenders now offer VantageScore, Bank of America Securities says two agency pulls boosts consumers scores, no matter which model.
Fed finalizes stress test reforms, takes comment on scenarios
The Federal Reserve voted 6-1 to finalize its proposed stress test reforms, including seeking input on stress test scenarios and models annually and averaging results over two years.
Consumers’ financial vulnerability hits record high: Report
The share of American households considered "financially vulnerable" rose to 17%, the highest level since at least 2018, according to the nonprofit Financial Health Network.
