S&P Global Ratings projects prime auto loan ABS ratings to remain stable to positive in 2024, but subprime auto ABS ratings could drop.

The potential merger of the two credit card companies will result in significant consolidation in bank credit card portfolios and a new market leader.

Some of the deficiencies highlighted across the credit rating agencies are of a critical nature.

The consumer loans originated through this partnership will be acquired by Pagaya for securitization purposes.

The new Payment Supplement program will allow servicers to temporarily reduce a borrower’s monthly payment by up to 25% without modifying the mortgage’s current interest rate.

Dramatic reversals in provisions for credit losses drove profits at Fannie Mae and Freddie Mac during the fourth quarter of 2023.

MSR buyers? The field is getting crowded and PE-backed investors continue to be aggressive. Even Guild Mortgage is open to the idea of buying, but only if the situation meets its parameters.

The Federal Home Loan Bank of San Francisco becomes the first FHLBank to allow members to use mortgage loans based on VantageScore 4.0 as collateral for advances.

As many as 88,000 individual tax identification number mortgages could be originated in a year if certain market barriers were removed, according to Urban Institute researchers.

Flagstar’s warehouse business was left unscathed by the recent loss at its parent, NYCB. However, it doesn’t take much to make a nonbank feel queasy when the unexpected happens at one of its financiers.