The Latest

The settlement with an insurer over Countrywide's mortgage-backed securities closes another chapter on what quickly proved to be an ill-advised acquisition for Bank of America. A trial on the case had kicked off last month.

Ethical-focused debt sales are set to pick up after the U.S. made its biggest financial commitment in history to fight climate change, according to Fitch Group's sustainability arm.

Two potential pools that could be securitized—either a $1.15 billion pool, or another amounting to $1.45 billion, secured mostly by agricultural equipment.

The wholesale channel tool will speed up mortgage processing time by as much as 40%, the lender claims.

OART 2022-1 seeks to raise $276.3 million, with a strong sponsor, despite concerns about very high geographic concentrations and long original terms.

The Pittsburgh-based parent of First National Bank of Pennsylvania plans to close its $117 million buyout of UB Bancorp in December.

As warnings from climate scientists "become more and more dire," data revealing the actions of coal companies "remains depressingly consistent."

The lawmakers have asked Attorney General Merrick Garland to share the Department of Justice's analysis on creating a central bank digital currency by Oct. 15.

The sequential-pay structure and non-declining reserve account are expected to result in a buildup of credit enhancement supporting the rated notes.

U.S. mortgage rates jumped to a 16-year high of 6.75%, marking the seventh-straight weekly increase and spurring the worst slump in home loan applications since the depths of the pandemic.