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The deal is composed of 11,547 seasoned performing and reperforming loans that are first and second lien. Loan servicing includes a 180-day chargeoff feature.

The global asset manager wanted access to the smaller company's residential mortgage credit strategies, which will become available to a larger investor base.

For the first time in a decade, the metric also rose in the nine months to Dec. 31 across all segments — including equities, macro and spread products.

The Trump administration continues to battle the Consumer Financial Protection Bureau's union by seeking a stay of a preliminary injunction that reinstated the CFPB's workforce and contracts and preserved its data.

First aggressive LMEs in Europe rankle lenders, who have pursued court rulings on their permissibility.

ACHM 2025-HE1 will repay notes using a pro-rata, sequential pay structure that must satisfy an overcollateralization test, and cumulative loss and delinquency triggers.

Notably in February, Americans reduced spending on services for the first time in three years in the face of higher prices — including on dining out.

The Federal Reserve governor said it is healthy to examine the regulatory architecture, but stressed the importance of the central bank having insight into the banking system.

The Treasury Department told the OMB that all 11 programs in the CDFI Fund are statutorily mandated. The White House said "no final decisions have been made" about the programs.

Borrowers' high incomes and the abundance of monthly free cash flow speed up repayments and mitigate the transaction's exposure to economic downturns.