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The pass-through certificates are supported by a full pool of amortizing loans, which have no interest-only periods.

Now the structured mortgage securities are cheap enough that CLO investors are watching them more closely, according to strategists and investors.

Sen. Mike Rounds, R-S.D., has filed a Congressional Review Act resolution to repeal the Consumer Financial Protection Bureau's rule barring medical debt from credit reports.

Refinance activity was up 16% from the end of February while purchase applications rose mildly, on the strength of fading rates amid larger economic woes.

The United Auto 2025-1 series of notes has a more mixed subordination element compared with the previous deal.

Summers said a combination of major immigration restrictions, federal government layoffs and damage to US competitiveness from President Donald Trump's tariffs.

Tax liens have so-called super priority in repayments, even placing ahead of a previously filed mortgage.

For the first time in almost two years, mortgage products available for consumers are at a level established in 2012.

The KBW Nasdaq Bank Index is down more than 7% year to date. Analysts blame confusion caused by President Trump's evolving tariff policies and heightened worries about an economic downturn that could hurt banks' credit quality.

A set of performance-related triggers—cash trapping and expense reserve—will help maintain cash flow to the notes.