Jerome Powell sought to strike a political balance at his reconfirmation hearing. He assured Republicans the Federal Reserve wouldn't overstep its authority on bank mergers and other matters, while telling Democrats the central bank has a responsibility to monitor financial stability and the risks of climate change.

Potters, who has headed CMBS businesses at SocGen and Merrill Lynch, will focus on digital and automated commercial real estate loan securitizations.

The main risk to the repayment of notes is that Hertz will not be able to recoup enough funds, through used vehicle sales, to fund the payments to bondholders.

December's activity was down 18% from November, led by a 23% drop in purchase volume and a 17% decline in rate-and-term refinancings, Black Knight said.

Neighborly Issuer’s transaction structure incorporates several features to benefit the notes should payments fall below established debt service coverage ratio (DSCR) thresholds.

The Duty-to-Serve goals currently under review drew some objections from a coalition of affordable housing groups last year.

While the mix of vehicle types in GMF originations is shifting, Chevrolet remains the top vehicle make in the 2022-1 deal, comprising about 57.5% of the pool.

Despite the rising number of COVID infections, investors made no moves that would apply downward pressure.

Boulmetis will deliver MUFG’s capital markets capabilities to investment-grade debt issuers, and lead coverage of its roster of financial institutions clients.

The Reserve Bank of Dallas data in housing prices hints at a so-called ‘episode of exuberance,’ but the central bank is a long way from sounding the alarm.

First-lien, agency-eligible mortgages secure the notes in the deal, which will issue notes through a senior-subordinate and shifting interest structure.

The platform enables structuring of the entire transaction, including covenant tests and trigger levels, and the distribution of interest and principal cash flows, but professionals need more time to become comfortable with DLT.