Loans with FICO scores less than 680 make up a smaller percentage of the pool, at 13.0%, compared with 18.2% for the Mosaic 2022-2.

A special-purpose acquisition company is merging with a bank as its affiliated startup still lacks its own national bank charter.

Kearny Financial is partially restructuring its balance sheet in response to a problem that many banks are facing. The bank's actions should result in a sizeable income boost once they're fully phased in, an analyst said.

Borrowers gained an average of $34,300 in home equity since the third quarter of last year, but that's almost half the amount of growth recorded over the summer.

Early amortization triggers and the use of cross-currency swaps will support the timely repayment of notes on the hybrid private and rule 144a deal.

An administrative law judge has recommended that a trio of onetime Wells executives be ordered to pay a combined $18.5 million in connection with the bank's fake-accounts scandal.

The products are currently limited to a single distribution channel, but the company hasn't ruled out offering them through third-party originators in the future.

The deal will close for $10 million in cash, plus the right to purchase nearly 33.9 million shares of common stock.

More recent OMFIT securitizations have experienced increasing 30+ delinquencies as well as annualized net loss rates.

The notes also face a credit challenge because there is no mandatory repurchase of modified loans.

Deterioration in credit quality should put strain on collateral originated in late 2021 and early 2022, affecting performance, Barclays Credit Research said.

Proceeds from the sale of the bonds will be used to replenish and fund Entergy New Orleans' storm recovery reserves that had been depleted after Hurricane's Zeta and Ida.