Gruenberg, the Federal Deposit Insurance Corp.'s longest-serving board member, will step down in January, marking the end of an era after nearly 20 years on the agency's board of directors.
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The notes benefit from credit enhancement levels of 30.45%, 24.3%, 13.8%, 8.65%, 5.00% and 2.05% on the A1, A2, A3, M1, B1, B2 and B3 tranches, respectively.
November 18 -
Some lenders are once again hiring mortgage lenders, but memories of the painful staffing cuts they were forced to make over the past two years remain top of mind.
November 18 -
The current COPAR transaction has a FICO score of 782, an increase from 780 from the COPAR 2023-2, and loans with an original term greater than 72 months, as a percentage of the pool balance was 19.24%, a decrease from 22.9%.
November 15 -
Private-label securitization volume increased 75% this year versus 2023; conditions are right for that to continue, KBRA said.
November 15 -
Treasury yields rose the day after President-elect Donald Trump was picked. The short-term result: It's harder for commercial real estate lenders and borrowers to find common ground.
November 15
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The Federal Reserve chair said there are no economic indicators calling for rapid rate cuts. He also addressed Fed independence, the impact of Trump's economic agenda and more.
November 14 -
Lender to consumers denied traditional credit raises $250 million after skipping 2023.
November 14 -
Mortgage rates have stopped the run of increases following the September Fed meeting but consumers are not likely to notice.
November 14 -
Lower rates during the period helped independent mortgage bankers make money on their originations but they posted losses on servicing.
November 14 -
International locations account for 13.3% of restaurants in the whole business securitization, a slight increase from 11.4%.
November 14 -
With Sen. Mark Warner, D-Va., occupied on the Senate Intelligence Committee, Sen. Elizabeth Warren, D-Mass., is one step closer to leading Democrats on the Senate Banking Committee.
November 13 -
The underlying assets have an original weighted average CLTV ratio of 70.4%. Assets with original CLTV ratios exceeding 80% represent 26.1% of the pool's balance.
November 13