As mortgage rates remain elevated, and housing inventory increase, unsupported rapid home price growth could moderate in the second half of 2022.

Rising interest rates, lower stock prices and other headwinds have caused many banks to pump the brakes on dealmaking. But some are betting that these trends will be too short-lived to deter them from engaging in mergers and acquisitions.

Huntington Bancshares has hired Shawn Lough, a veteran Truist Financial banker and West Point graduate, to help guide the sales strategy and goals of its consumer and business banking operation. It also expanded the duties of Digital Director Mark Sheehan to include deposits.

Previous Evergreen Credit transactions have issued amounts ranging from $428 million to $1,070 billion, while the last two deals issued $535 million each.

Most of the companies announcing cuts declined to disclose how many workers they terminated, although publicly traded giants revealed their moves would save them tens of millions of dollars this year.

Kroll Bond Rating Agency expects to divide the pool into two distinct groupings for ratings purposes, RMBS and CMBS. The RMBS pool is slightly larger.

Mosaic 2022-2 will not include a pre-funding period, and the transaction's collateral pool will be static, and not include a capitalized interest account.

The changes, which appear to be separate from a controversial nonbank proposal that's pending, will reduce red tape for credit unions and housing finance agencies and clarify a calculation for loans eligible for repurchase.

The Consumer Financial Protection Bureau's review of credit card late fees has ignited pushback from industry that supports an expected 9% jump in fees next year pegged to inflation. 

The Federal Reserve released its large bank requirements for 2023 based on the results from this year's stress test. Most of the banks tested will need to maintain or increase their tier one capital holdings.

The solar industry has made significant strides, and the related ABS market should continue under its own momentum, providing investors with attractive returns.