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Issuance volume of asset-backed securities for the year through February 2, 2023

The FCRT 2023-1 has significantly reduced the concentration of both called assets and Greenlight Loans in the pool, with mixed credit implications.

Since breaking above 7% in November, the 30-year fixed is now down nearly a full percentage point, Freddie Mac said.

The duo's interactions over the next several months will have a significant impact on the economy and, by extension, their political futures.

Upstart Holdings implemented underwriting and pricing changes in response to higher delinquency and CNL rates on securitizations issued since Q1 2021.

Fourth Capital Bank's collaboration with the megalender is made possible through a partnership with Q2 Holdings.

The Federal Reserve Chair urged Congress to raise the debt ceiling, warning the impacts of not doing so could go beyond the central bank's ability to mitigate.

Monroe Capital's latest benchmarked the most senior class of notes to the SOFR, while the rest of the deal is fixed rate.

In a reversal from five years ago, six of the eight biggest U.S. banks by branch count now offer the loans, which observers see as safer alternatives to payday loans.

The Federal Open Market Committee is expected to raise rates by 25 bps at the conclusion of its meeting Wednesday, bringing its benchmark to a target range of 4.5% to 4.75%.