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Sen. Pat Toomey, R-Pa., is accusing the Consumer Financial Protection Bureau of pressuring Equifax, Experian and Transunion into removing most medical debt from credit reports, a move he says would compromise lenders' ability to gauge risk. Democrats, experts who testified at a hearing Tuesday and the CFPB pushed back.

The ICE BofA US Treasury Index has fallen more than 6% so far this year, with benchmark 10-year yields climbing Tuesday toward the highest in almost three years.

Securitization would have to see more cycles before the full effect of the COVID-19 pandemic becomes apparent, but loans backing multi-borrower SFRs show more sensitivity to rent collection disruptions.

The transaction is the company’s first securitization deal, and uses cash trapping triggers and rapid amortization events for credit enhancement.

(Bloomberg) -- The steepest global bond rout of the modern era is extending as investors dump fixed-income assets on concern that aggressive central bank policy tightening will push the global economy into a recession.

While the median income rose 1% over the last year, the median price of a home rose a staggering 25%, according to the the Federal Reserve Bank of Atlanta.

More than half of the seriously delinquent mortgages that did not have this type of payment relief were originated prior to ability-to-repay requirements enacted following the Great Recession, the latest Federal Reserve Bank of Philadelphia study found.

Home prices have increased at their fastest rate since the mid-2000s housing boom and driven skyrocketing inflation. Fed Gov. Christopher Waller says lenders are better prepared for a shock than in 2007 but still need to be monitored — especially nonbank lenders.

Almost all of the loans, 96.9%, were underwritten on less than full documentation, and the collateral’s weighted average DTI is 37.9%.

The Fed projections showed policy makers see quarter-point hikes at each of the remaining six meetings this year, following last week’s quarter-point liftoff.