Following the restart of student loan payments on May 5, many seriously delinquent student loan borrowers are now in collections. These borrowers will begin receiving notices from the Treasury about the withholding of certain federal...
Read MoreEarly tariff announcements initially caused large capital outflows from U.S. stocks and bonds, according to Reuters. While outflows have since slowed as investors re-engage with the market, widespread economic uncertainty has caused their investment strategy...
Read MoreHouse Republicans have released the Student Success and Taxpayer Savings Plan which would restructure the Federal student loan system. Changes include new limits on how much a student can borrow, eliminating certain hardship protections, and limiting the...
Read MoreOn April 21, the Department of Education issued a press release stating that they will resume collection on defaulted student loans starting May 5, with wage garnishment notifications being sent out later in the summer. This comes...
Read MoreRecent economic reports find that despite economic volatility, consumer spending remains intact, and the labor market remains stable. However, current consumer spending rates could reflect an attempt to get ahead of anticipated price increases associated...
Read MoreLarge sales in the CLO sector have caused the risk premiums on top-rated CLOs to increase by 10 basis points. Other smaller, and lower rated CLO-focused ETFs have also reported net outflows. According to Bloomberg,...
Read MoreMany countries have informed their businesses to suspend investment into the U.S. According to the Financial Times (FT), $1.9 trillion in investment pledges from domestic and international companies into the U.S. are at risk as companies grapple with...
Read MoreAccording to the New York Times (NYT), many car manufacturers have begun to pause imports to the U.S., close down factories, and lay off autoworkers in response to recently implemented tariffs on imported vehicles. These tariffs are...
Read MoreAccording to Bloomberg, banks are pulling leveraged loan transactions as they are unsure that they will find investors to fund these loans and fear being left with “hung debt”. In 2025, eight leveraged loan transactions were discontinued....
Read MoreThe threat of increased vehicle prices due to tariffs has boosted March auto sales. With a 25% tariff announced last week that would affect up to 7 million vehicles, U.S. consumers got ahead of the...
Read MoreCertain Buy-Now, Pay-Later (BNPL) lenders are beginning to report to credit bureaus. Affirm – one of the largest BNPL lenders – will begin reporting to Experian on April 2. While this change only affects Affirm...
Read MoreAuto loan fraud grew over 16 percent in 2024. While fraud is still growing, risk premiums remain unchanged, indicating that investors in ABS backed by auto contracts are not concerned about these activities. According to Bloomberg, the rise...
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