Fair Isaac Corp.’s shares saw their worst day since March 2020 on Wednesday, falling alongside credit bureau stocks after the head of the Federal Housing Finance Agency questioned credit report pricing. The FICO score provider dropped 16%, notching the day’s worst performance among S&P 500 Index members and extending Tuesday’s 8.1% slide. Shares of credit […]
Credit score stocks slide as FHFA head questions pricing Read More »
Widespread industry adoption of electronic promissory notes presents challenges but has steadily gained momentum over time as various aggregators sign on, and one is paying up for certain downpayment assistance loans using them. Western Alliance’s Amerihome, the largest bank-owned correspondent investor in the mortgage business, recently got on board with e-notes. Also Click n’ Close,
Lenders bet on e-notes as adoption ramps up Read More »
Bloomberg News As banks provide the liquidity that fuels private credit lending — even without originating the loans themselves — researchers at the Federal Reserve say traditional lenders risk being dragged into a financial crisis if defaults among private credit borrowers spike. In a new paper, Boston Fed researchers José L. Fillat, Mattia Landoni, John
Fed paper flags ‘underappreciated’ risks of private credit Read More »