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Regulation Lags Behind Alt-Data Usage

LAS VEGAS – Lenders that use alternative data for underwriting should tread carefully until regulation has a chance to catch up, said executives at a securitization conference yesterday. “We want to support business and don’t want to stifle innovation, but we have to move in a measured way,” Rostin Behnam, commissioner of the Commodity Futures […]

Lower Vehicle Values Spur Subprime Underwriting

LAS VEGAS — Rises in lease return volume and negative equity are putting downward pressure on recovery values in the subprime sector, said Ben Miller, senior vice president and treasurer at Exeter Finance Corp. “The recovery issue is real,” Miller said while speaking on a panel at SFIG 2017 last week. “There’s going to be […]

Risk Lurks in Subprime Auto ABS, Still No Bubble, Experts Say

LAS VEGAS — For investors looking at subprime auto securitizations, stick with the proven companies, advised Theresa O’Neil, managing director at Bank of America Merrill Lynch. “Stay up market, stay with people that have lived through a cycle,” she said during a panel at SFIG 2017 yesterday. “And I would argue right now that we’re […]

New Partnership Formed to Study Blockchain in Financial Services

LAS VEGAS — The Structured Finance Industry Group (SFIG) and the Chamber of Digital Commerce yesterday announced a joint effort to study the potentials of distributed ledger technology, which will commence with a series of blockchain symposiums at this year’s SFIG 2017 conference. In addition to the educational workshops being held in Las Vegas this week, […]