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Traders are now betting that may be enough for the Federal Reserve to start cutting interest rates as soon as September.
June 24
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The move allows Freddie Mac to start purchasing certain second lien mortgages, but establishes limits on how much volume it can do.
June 21
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Slated to close on June 28 with a Dec. 15, 2053 legal final maturity, the notes get credit enhancement from overcollateralization, a liquidity reserve account and excess cash flow.
June 21
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The CEO of the Hauppauge, New York credit union is one of American Banker's 2024 Innovators of the Year.
June 21
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Notes are expected to experience a lifetime cumulative net losses of 5.10% on the higher FICO segments, down 0.35% from the series 2024-1 transaction.
June 21
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The Honolulu bank is raising $165 million through depositary shares, a move that two observers said would help boost its below-average leverage ratio.
June 20
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The previous TALNT transactions, while still revolving, are still performing within the rating agency's expectation and net loses have remained below overcollateralization step-up trigger levels.
June 20
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The decline for the third consecutive week reflects investors' belief that the Federal Open Market Committee is likely to cut rates this year.
June 20
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In early June, Carlyle priced a more than $400 million deal — the investment firm's first debt sale from its historically active aviation platform since June 2022. Carlyle's return bodes well for aviation companies.
June 20
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The anticipated losses follow a hit to investors in a U.S. CMBS last month. Buyers of the AAA portion of a note backed by the mortgage on a building in midtown Manhattan got less than three-quarters of their original investment back after the loan was sold at a steep discount.
June 19
