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The sector is not immune to the same economic instability that affects the single-family residential market, the Mortgage Bankers Association said.

Other investors could step into the breach as depositories depart, and the strain on nonconforming borrowers might not be that bad, recent forecasts suggest.

Rates are expected to reach a four-decade high, a positive for lenders poised to benefit from the increased income while consumers face escalating costs.

The receivables in the pool had a weighted average (WA) credit score of 623, an increase from 605 in the Westlake 2022-2.

GM Financial Consumer Automobile will finance loans on new and used automobile loans, and it references two potential pools for securitization.

The Consumer Financial Protection Bureau and the state attorney general claim Credit Acceptance Corp., an indirect auto lender, deceived thousands of borrowers by failing to disclose and include finance charges in calculating the cost of a car loan.

Higher interest rates helped drive down refinances by 87% and purchases by 42% compared to last year.

U.S. stocks fluctuated as jobs data pointed to a resilient labor market, a concern for the Federal Reserve. Treasuries advanced and the dollar pared declines.

The year could be marked by volatility, induced in part by rising interest rates, but prime money market funds could still see a 0.08% rise in assets.

She led two mortgage companies in a male dominated industry, and most recently was CEO of risk management firm Dytrix.