The inaugural CLO for Northwestern Mutual Investment Management and offers notes that appear to have a lower scenario default rate, plus higher WA recovery rate.

In a new survey, executives at banks and credit unions registered the highest level of anxiety about a forthcoming data-collection rule in small-business lending.

Many experts think the Consumer Financial Protection Bureau's funding through the Federal Reserve could be the fatal flaw in the Dodd-Frank Act that created the agency, but differentiating the CFPB's structure from others may be tricky.

The deal's collateral manager, GC Advisors, will retain the subordinate $122.8 million tranche, leaving $264 million to be sold to bond investors.

Bible spent 14 years at BB&T and Truist before announcing his retirement earlier this year. He will replace Darren King, who will remain at M&T in a new role.

GM Financial and Santander Consumer USA together once made up more than 80% of subprime issuance in 2011, and now they account for just 34% of YTD issuance.

The Federal Reserve raised its benchmark interest rate by half a percent this week, but chair Jerome Powell said the question now is how long to keep monetary policy tight.

In a series of tense exchanges, Republicans accused Consumer Financial Protection Bureau Director Rohit Chopra of making rules through press releases.

The uptick in the 60-day-plus metric could reverse the bulk of the decline that occurred between 2019 and 2021.

The Lansing, Michigan-based firm was awarded the contract this spring and takes over from Novad Management Consulting, which had previously serviced government-held HECMs since 2014.

When broken down by revenue, natural gas accounts for 80% of the assets' revenue mix; natural gas liquid accounts for 16% and oil revenue represents 4%.

The $755.5 million mortgage-backed securities deal will fund a range of properties, but large-balance loans represent 42% of the collateral pool's balance.