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Octane is managing increased warehouse financing costs while not recognizing gains on securitization residual sales.

Volumes set a record in 2021 and they've held up better than expected this year, but declines are forecasted for the sector some banks are using to partially offset single-family's slump.

Markets expect the surge in consumer prices will soon peak and central banks will become less hawkish, but there’s a high risk that global cost pressures will remain elevated.

The San Francisco megabank plans to reinstate guidance that drew scrutiny following revelations that women and nonwhite candidates were interviewed for jobs that had been reserved for someone else.

A potential credit drawback on the deal is the mismatch between the fixed rate underlying automobile loans and the SOFR rates to be paid to noteholders.

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.