Like other mortgage lenders, the San Francisco megabank has been cutting staff since refinancing volumes started to fall. Additional layoffs are expected over the next couple of quarters, according to the bank’s chief financial officer.

Neglia will work alongside Rosemary Kelley to lead the rating agency’s senior analytical managers in expanding the firm’s analytical service offerings.

Some 42.4% of the financing types are cash-out loans, and a large number of short-term leases in the pool, about 65.5%, help secure Visio.

Following their largest drop in over a decade one week ago, averages rapidly swung upward as recession talk receded.

In an internal memo to staff, Deputy CFPB Director Zixta Q. Martinez announced a realignment of the bureau’s legal and student loan offices with an expanded strategy team.  

North American respondents had their own worries to process—a potential end to historically low interest rates, and an end of low defaults amid a recession.

The former Treasury official and University of Michigan administrator’s confirmation gives the Federal Reserve Board a full complement of seven governors for the first time in nearly a decade.

Led by Rep. French Hill, the group of conservative lawmakers said the agency must do more to ensure appropriate transparency regarding any new products or activities that the enterprises undertake.

While the mortgages underpinning the pool are non-prime, a majority of the loans still retain some conventional elements of a prime pool.

The bureau has dragged its feet for years in moving forward with the rule primarily because of the potential impact on credit availability for millions of small businesses.

The government-sponsored enterprises divested themselves of the largest share of these loans since they first began selling them in 2014, a Federal Housing Finance Agency report found.

AESOP 2022-3 will be able to add more Tesla EVs to its fleet over time, but uncertainty about the vehicles’ resale value was a potential credit negative.