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Underwriting league tables of asset-backed securities through May 25, 2023

Issuance volume of asset-backed securities for the year through May 25, 2023

The deal is the second one for this year, a different tack for a program that has appeared once annually in the past.

The Federal Reserve Board governor said secular increases to the currency supply limits how much the central bank can shrink its holdings.

The beleaguered bank said it is selling 74 loans totaling about $2.6 billion to a subsidiary of Kennedy-Wilson Holdings. The move is part of a plan to pursue strategic asset sales, trim expenses and shore up its balance sheet.

Two issuances will fund revolving pools of leases from various vehicle companies even as a looming recession may dampen travel demand.

The impasse increases the likelihood the House and Senate both vote on any deal next week, mere hours before June 1 the date by which the US could run out of cash to pay its bills.

Some in the space say they've seen new players coming in but others disagreed during a panel at the Mortgage Bankers Association's Secondary and Capital Markets conference.

While the mortgages from this Community Development Financial Institution lack income verification, the borrowers' credit is actually near prime, according to DBRS Morningstar.

During her opening remarks before lawmakers Tuesday, the head of the Federal Housing Finance Agency reiterated that borrowers with strong credit profiles are not being penalized to benefit those with poorer scores.