Tighter underwriting standards at depositories are driving investors to seek funding from nonbanks at an increasing rate, according to Charles Goodwin, a vice president at Kiavi, a fix-and-flip lender.

Rick Calle previously held the position from 2016 to 2022.

Banks and credit unions are struggling to compete with technology-focused lenders who use automation to close home equity loans faster.

Small investors, who own five or fewer properties, are increasingly turning to debt service coverage ratio financing to grow their portfolios.

U.S. banks are increasingly using a securitization structure historically favored by European issuers.

Issuance of commercial MBS in 2025 is poised to surpass last year’s volume. It’s been a strong year for CMBS across asset types except office space.

Federal Reserve guidance issued in 2023 has opened up depositories to issue more synthetic-risk transfer securitizations in a market that was historically dominated by European banks.

The new requirements, and the shutdown, are expected to further delay the release of CDFI Fund awards that have already been approved.

Downgrades of securities issued by the subprime auto lender highlight the challenges ABS investors can experience working with loan originators who also service their own production.

California and Massachusetts are the latest states to consider securitization as a way to reduce consumer energy bills.