After landing in Florida as the second-strongest storm on record, Ian is now is expected to re-strengthen and menace South and North Carolina and Georgia.

Reach Financial's consolidation loans make up 34.8% of the collateral pool, compared with 13.3% in Reach 2022-1, with fewer loans in the lower-risk tier.

The transaction, which is associated with a high-quality customer base, is the first mobile device financing ABS from T-Mobile Financial, or Finco.

Proceeds will cover transaction fees and expenses, mainly, but could also be applied to general corporate purposes, including future brand acquisitions.

While the agency affirmed the bank's current high ratings, it also cited instances of noncompliance, which led to the downgrade.

The same day Provident Financial Services announced it had agreed to buy Lakeland for $1.3 billion, the seller disclosed an ongoing fair-lending investigation by the Justice Department. Provident said it has "not heard anything" that would give it pause.

The all-stock acquisition of Lakeland Bancorp, expected to close in the second quarter of 2023, would create a combined bank with more than $25 billion of assets.

KBRA holds a mixed point of view about SAFCO's long charge-off policy, at 181 days overdue, while the deal-level chargeoff threshold is 121 days.

The new law is expected to strengthen renewable energy market development, but ongoing supply-chain complications may hinder a jump in deals.

The month ended with 54,000 less properties for which the borrower was at least 30 days or more late on their payments, Black Knight said.

In a market where mortgage rates are skyrocketing, Fitch says the home price values of the current pool are 10.2% above a long-term sustainable level.

Experts review scenarios that could cause Federal Reserve chairman Jerome Powell to reverse course on a decision this week that left some lenders breathing a sigh of relief.