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More than 91.7% of the portfolio loans were extended to dentists, general medical practitioners or veterinary surgeons—considered prime obligors.

First-half net trading revenue rose 81% to $4.9 billion from the same period a year earlier at Citadel Securities, and gained 78% to $8.4 billion at Jane Street.

Only loans from the Achieve Personal Loan product line are in the current collateral pool.

Observers and investors weigh in on how rate cuts may shift pricing dynamics for CLO tranches.

Home Loan bank executives said Congress would have to pass a law for the system to increase its affordable housing contribution above 10% of earnings.

Treasuries have returned 1.7% this month through Aug. 28, on pace for a fourth straight monthly gain, according to the Bloomberg US Treasury Total Return Index.

Overcollateralization, subordination of the junior notes, a non-declining cash reserve account and excess spread provide credit enhancement to the notes.

Since 2019, the portfolio has recorded five defaults—driven by bankruptcies—and each was resolved with a 100% recovery rate, Fitch said.

Recent rate movements have failed to result in significant purchase growth, but refinances are providing lenders some lift.

The Federal Reserve finalized its capital requirements for large banks Wednesday based on June's stress test outcomes.