News
KBRA Assigns Preliminary Ratings to Provident Funding Mortgage Trust 2026-2 (PFMT 2026-2)
6+ hour, 33+ min ago (365+ words) Financial Content KBRA Assigns Preliminary Ratings to Provident Funding Mortgage Trust 2026-2 (PFMT 2026-2) KBRA assigns preliminary ratings to 38 classes of mortgage pass-through certificates from Provident Funding Mortgage Trust 2026-2 (PFMT 2026-2). Provident Funding Mortgage Trust 2026-2 (PFMT 2026-2) is an RMBS transaction comprising 770 agency-eligible, conforming…...
KBRA Assigns Preliminary Ratings to CROSS 2026-NQM7 Mortgage Trust
6+ day, 13+ hour ago (442+ words) KBRA assigns preliminary ratings to ten classes of mortgage pass-through certificates from CROSS 2026-NQM7 Mortgage Trust, an RMBS transaction issued under the CROSS shelf that is managed by Cross Country Capital, LLC (CCC). CROSS 2026-NQM7 is a co-sponsored transaction with CCC and APF…...
KBRA Assigns Preliminary Ratings to One Main Financial Issuance Trust 2026-1
1+ week, 7+ hour ago (443+ words) Financial Content KBRA Assigns Preliminary Ratings to One Main Financial Issuance Trust 2026-1 KBRA assigns preliminary ratings to four classes of notes issued by One Main Financial Issuance Trust 2026-1 (OMFIT 2026-1), a consumer loan ABS transaction. OMFIT 2025-1 will issue four classes of…...
Biz2 Credit Q1 Report: Lenders Pivot to "Quality Filter" as Elite SMBs Signal a New Era of Profitability
1+ mon, 5+ day ago (494+ words) Revenue rose 37%, profits tripled, debt coverage improved and stronger SMB borrowers pulled ahead. The improvement was not driven by looser credit. Biz2 Credit's debt-service coverage proxy rose from 0. 57x in Q1 2025 to 1. 40x in Q1 2026, even as debt repayment volume increased 24% year over year. Aggregate…...
The 'Cockroach' Effect: Private Credit Faces Reckoning as Major Funds Halt Redemptions
2+ mon, 1+ week ago (997+ words) Financial Content The 'Cockroach' Effect: Private Credit Faces Reckoning as Major Funds Halt Redemptions The multi-trillion-dollar private credit market is facing its most harrowing test to date this March 2026, as a wave of defaults and a liquidity crunch force major…...
Four in five Aussies would ditch points for cashback cards: MONEYME and You Gov survey finds
2+ mon, 2+ week ago (358+ words) Sydney, Australia - ASX-listed non-bank digital lender MONEYME has launched its new Cashback Rewards Credit Card, following research indicating a decisive shift in consumer preferences, with 85 per cent of surveyed Australian credit card holders saying they would consider switching from points-based…...
The Sputtering Flywheel: US Private Credit Faces a "Reckoning" as Distressed Exchanges and Liquidity Gaps Explode
2+ mon, 2+ week ago (937+ words) Financial Content The Sputtering Flywheel: US Private Credit Faces a "Reckoning" as Distressed Exchanges and Liquidity Gaps Explode NEW YORK " The decade-long "golden age" of the US private credit market is facing its most severe stress test to date. As…...
The Private Credit Reckoning: US Default Rates Surge as 'Golden Age' Ends
2+ mon, 2+ week ago (888+ words) Financial Content The Private Credit Reckoning: US Default Rates Surge as 'Golden Age' Ends As of late March 2026, the once-indomitable private credit market is facing its most significant challenge since its post-2008 inception. A sharp acceleration in defaults across the…...
Liquidity Crunch Hits Private Credit: Morgan Stanley Caps Redemptions Amid Surging Withdrawal Requests
2+ mon, 4+ week ago (793+ words) Financial Content Liquidity Crunch Hits Private Credit: Morgan Stanley Caps Redemptions Amid Surging Withdrawal Requests The rapidly expanding private credit market faced a significant reality check this week as Morgan Stanley (NYSE: MS) announced it would severely limit withdrawals from…...
The $24 Billion Debt Surge: US Consumer Credit Hits Record Highs as Inventory Cycles Signal Sticky Inflation
3+ mon, 4+ day ago (819+ words) Financial Content The $24 Billion Debt Surge: US Consumer Credit Hits Record Highs as Inventory Cycles Signal Sticky Inflation The latest economic data for early 2026 has sent a jolt through Wall Street, revealing a staggering $24. 05 billion surge in U. S. consumer credit. This…...