The settlement with an insurer over Countrywide's mortgage-backed securities closes another chapter on what quickly proved to be an ill-advised acquisition for Bank of America. A trial on the case had kicked off last month.

Two potential pools that could be securitized—either a $1.15 billion pool, or another amounting to $1.45 billion, secured mostly by agricultural equipment.

The wholesale channel tool will speed up mortgage processing time by as much as 40%, the lender claims.

OART 2022-1 seeks to raise $276.3 million, with a strong sponsor, despite concerns about very high geographic concentrations and long original terms.

The Pittsburgh-based parent of First National Bank of Pennsylvania plans to close its $117 million buyout of UB Bancorp in December.

The lawmakers have asked Attorney General Merrick Garland to share the Department of Justice's analysis on creating a central bank digital currency by Oct. 15.

The sequential-pay structure and non-declining reserve account are expected to result in a buildup of credit enhancement supporting the rated notes.

The notes will benefit from the irrevocable right to impose, bill and collect a winter-event securitization charge from customers in Summit's Oklahoma service territory.

In the face of a growing number in home-equity products, HECM endorsements dropped nationwide by over 43% on a monthly basis to its lowest point in more than two years.

The company said it will prepay two securitization facilities and terminate financial arrangements including at least two involving U.S. Bank.

Estimates of economic losses exceed $50 billion, considering a storm path similar to that of Hurricane Charley, plus higher population and population values.

Four of the seven large banks that own Zelle's parent company, Early Warning Services, said they are reimbursing 15% to 55% of consumers that report fraud on their accounts, according to a report released by Sen. Elizabeth Warren, D-Mass.