The state Supreme Court heard oral arguments in a lawsuit involving one of the nation's largest debt buyers. At issue is how much detail the industry must disclose about what consumers allegedly owe.

For multi-borrower SFRs, realized losses as a percentage of original balances was less than 1.0% on loans that were in foreclosure or in special servicing.

The move comes amid dwindling advances and a growing concern that the Home Loan banks are participating in riskier investments.

The securitization law includes an extensive pledge to bondholders, including that it will not allow the value of the restructuring property to be impaired or altered.

After a decade of multibillion-dollar tech investments by banks, efficiency ratios have begun to improve and headcounts drop, some industry watchers say. Skeptics counter that other reasons are at play and that it's all hard to measure.

The transaction will feature a two-year revolving period, compared with the earlier OMFIT 2022-S1 deal, which has a three-year revolving period.

DBRS considers 61.6% of the pool to had been modified about two years ago, but did not consider deferrals or forbearance because of pandemic related hardships.

Consumers taking out adjustable-rate mortgages last year put down a median down payment of 23.6%, researchers at the real estate brokerage found.

Federal Reserve Chair Jerome Powell's speech in Jackson Hole reaffirmed that the end of accommodative monetary policy is coming to an end. This is a boon to banks, but only those that have managed their balance sheets just right.

On average, 72% of its rated issuers' top 10 tenants, by rental revenue, either have investment-grade ratings or a parent company with an investment-grade rating.

The Minneapolis company, which increased its minimum wage to $18 an hour in June, will bump it up to $20 in response to inflationary and competitive pressures.

Auto loan growth eased substantially in the second quarter amid competitive pressures from credit unions and other lenders.