During his second day of congressional testimony this week, the Federal Reserve chair said the central bank does not have supremacy over other agencies on their joint rulemaking.

At the CFTC Sterling oversaw the 3,300-plus banks, intermediaries and asset managers registered with the agency, and the examination, rulemaking and enforcement referral programs.

The Consumer Financial Protection Bureau has proposed requiring that mortgage servicers exhaust all efforts at assisting struggling borrowers before moving ahead with a foreclosure.

Declining refinance activity offset the growth in government-backed purchases, the Mortgage Bankers Association said.

No single company contributes more than 15% to the pool, while SN Servicing will service 84.3% of the loans in the pool.

The Federal Reserve chair said there is a consensus within the central bank's board of governors for reproposing its capital rules, but notes that other agencies have not yet signed off on this approach.

Incremental to a $1.8 billion global revolving credit facility completed in May, it could boost the company's lender-driven debt capital capacity to $9.7 billion in total.

This is Stream Innovations Inc.'s inaugural 144a securitization, which has ratings of A-, BBB- and BB- to the A, B and C notes, partially based on respective credit enhancement levels of 20.50%, 14.45% and 8.50% respectively.

Electronification of trading could fundamentally alter loan and CLO markets.

The Carlyle US CLO 2022-4 transaction closed originally on September 1, 2022.

Compared with transactions from other issuers with similar collateral characteristics, the underlying pool has a relatively higher weighted average FICO score, Moody's Ratings says.

The central bank also noted that the banking system is sound but faces several challenges. The report precedes Federal Reserve Chair Jerome Powell's upcoming appearances on Capitol Hill.