Interest rate increases by central banks have compounding effects and could exacerbate weaknesses in the global financial system, Federal Reserve Vice Chair Lael Brainard argued in a speech Friday.

Despite the concentration of imaging equipment, those types of equipment have generally outperformed other equipment types within the GreatAmerica portfolio.

The Federal Housing Finance Agency got an earful from housing experts at a listening session intended to aid a comprehensive review of the financing system.

Three percent of all mortgages were 30 or more days past due on their scheduled payment or in foreclosure in July.

After landing in Florida as the second-strongest storm on record, Ian is now is expected to re-strengthen and menace South and North Carolina and Georgia.

Reach Financial's consolidation loans make up 34.8% of the collateral pool, compared with 13.3% in Reach 2022-1, with fewer loans in the lower-risk tier.

The transaction, which is associated with a high-quality customer base, is the first mobile device financing ABS from T-Mobile Financial, or Finco.

Proceeds will cover transaction fees and expenses, mainly, but could also be applied to general corporate purposes, including future brand acquisitions.

While the agency affirmed the bank's current high ratings, it also cited instances of noncompliance, which led to the downgrade.

The same day Provident Financial Services announced it had agreed to buy Lakeland for $1.3 billion, the seller disclosed an ongoing fair-lending investigation by the Justice Department. Provident said it has "not heard anything" that would give it pause.

The all-stock acquisition of Lakeland Bancorp, expected to close in the second quarter of 2023, would create a combined bank with more than $25 billion of assets.

KBRA holds a mixed point of view about SAFCO's long charge-off policy, at 181 days overdue, while the deal-level chargeoff threshold is 121 days.