Community banks tapped the brakes during the first quarter, citing higher interest rates, recession threats and fallout from regional-bank failures. Fed data shows the trend has continued into May, and executives are preaching caution.

The pool is also granular and diverse, with the top 13 insurance companies accounting for 28.3% of the pool balance.

The case involves a house seized for a tax debt — but the state pocketed the profits.

Now that the national emergency is over some — but not all — government-related entities have set what may be final deadlines for this form of pandemic relief.

Democratic and Republican lawmakers alike pilloried former Silicon Valley Bank CEO Greg Becker over his compensation package.

The $500 million in notes from the current deal are part of a multi-issuance series consisting of classes A, B, C, and D, with a 21.00% level of credit enhancement on the class A notes.

Prime loans comprise the collateral pool, and the deal has a more diverse loan maturity profile than previous deals.

But the percentage of loans in workout no longer current increased in April, the Mortgage Bankers Association found.

SDART 2023-2 will build overcollateralization (OC) as it amortizes, initially 23.75%, which is expected to build to a target OC level of 32.50%.

Compared with several previous Verus Securitization deals dating back to Verus 2022-8, the current transaction has the highest concentration of ARMs, at 33.9%.

The former vice chair for supervision challenged his successor's report on the failure of Silicon Valley Bank, said changes that move away from transparency and consistency 'won't survive' in court.

Although issuance of new securitizations has been low compared to year-ago levels, it rebounded as spring buying began