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December's activity was down 18% from November, led by a 23% drop in purchase volume and a 17% decline in rate-and-term refinancings, Black Knight said.

The bond selloff that pushed 10-year Treasury yields to their highest in two years may not lead to a full-on taper tantrum, according to one of the biggest Treasury options market makers.

The rapid wage growth underscored the case for a more aggressive tightening by the Fed and capped a punishing week in the bond market.

Neighborly Issuer’s transaction structure incorporates several features to benefit the notes should payments fall below established debt service coverage ratio (DSCR) thresholds.

The current low interest rate environment exhibited in 2021 continues to support consumers and asset performance, and this coupled with the pace of recovery in the unemployment landscape will further drive overall trends.

The Duty-to-Serve goals currently under review drew some objections from a coalition of affordable housing groups last year.

The municipal market has a history of outperforming during periods when the Fed hikes rates, because as yields rise, the tax-free interest that munis pay makes them more attractive.

While the mix of vehicle types in GMF originations is shifting, Chevrolet remains the top vehicle make in the 2022-1 deal, comprising about 57.5% of the pool.

Despite the rising number of COVID infections, investors made no moves that would apply downward pressure.

Boulmetis will deliver MUFG’s capital markets capabilities to investment-grade debt issuers, and lead coverage of its roster of financial institutions clients.