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.

TD Bank, the U.S. unit of the Canadian bank, has hired Christopher Fred as its new head of U.S. credit cards and unsecured lending. The bank's retail partners include Target and Nordstrom.

If the Home Price Percentage declines by at least 30%, compared with the (HPP) value on the pool's cutoff date, the class A notes will reduce to 0.25%.

Taichung Commercial Bank said it would pay $82.1 million to buy American Continental Bancorp in suburban Los Angeles.

The current collateral pool carries loans with shorter terms, shorter periods of seasoning, and higher non-zero credit scores, compared with Westlake 2022-2.

Wind and storm surge damage to residential and commercial properties could reach $47 billion, according to a CoreLogic analysis.

Principal distributions allow for amortization of all senior and subordinate bonds based on credit enhancement targets set for performing and nonperforming loans.