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Issuance volume of asset-backed securities for the year through October 6, 2022

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

Underwriting league tables of asset-backed securities through October 06, 2022

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.

The notes will benefit from the irrevocable right to impose, bill and collect a winter-event securitization charge from customers in Summit's Oklahoma service territory.

In the face of a growing number in home-equity products, HECM endorsements dropped nationwide by over 43% on a monthly basis to its lowest point in more than two years.