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.

The amounts canceled may not clear away enough debt to help all recipients immediately qualify or improve their ability to repay, but over time the savings may bolster originations and performance.

The agency issued an interpretive rule earlier this month that said digital marketers must comply with federal consumer financial protection law. Banks will need to double down on compliance when engaging with these companies.

The underlying collateral's interest rate has raised the transaction's expected annual gross excess spread, at 4.01%, compared with 3.80% on the CRVNA 2022-P2.

Better-than-expected economic data helped lead to the steep acceleration of the 30-year average, while the 15-year also shot up.

The number of these mortgage borrowers getting back on track with payments has been roughly halved since March, according to Black Knight's initial take on July numbers.

In terms of credit, the underlying secured loans have an indicative weighted average recovery rate of 76.1%, according to Fitch.