The Latest

Proceeds are earmarked for general corporate purposes, including the financing of share buybacks and dividends, said the person, who asked not to be identified as the details are private.

Fed Chairman Jerome Powell brushed off concerns that rapidly tightening monetary policy could disrupt the financial system. Some economists and policy experts beg to differ, raising concerns about loan defaults or even the collapse of a key institution or counterparty.

The deal has a significant concentration of California-based loans, leaving the timely repayment of notes vulnerable to regional economic stresses or natural disasters.

At the same time, homes bought with FHA-backed loans accounted for the smallest share since 2007, according to an Attom sales report.

Vranos, a former rising star at Kidder, Peabody & Co Inc. in the early 1990s, left in 1994 to form Ellington, which capitalized on the mass sell-off in mortgage securities following the Fed’s rate hikes.

Owing to the revolving pool, Fitch Ratings assigned a base case default ratio of 3.9%, even though the rating agency’s default assumption for the pool was 3.1%.

The allegations against the $559 billion-asset bank are similar to those brought against Wells Fargo related to its 2016 fake-accounts scandal.

New American Funding scored the highest among eligible companies in this year's substantially redesigned measurement of customer satisfaction.

Naturally, some investors think that incoming data on a softening economy could scare the Fed away from further tightening. That’s misguided though.

The OBX 2022-J2 Trust will pay notes from a capital structure that follows a shifting interest structure, and subordinate bonds can receive principal payments.