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Like other mortgage lenders, the San Francisco megabank has been cutting staff since refinancing volumes started to fall. Additional layoffs are expected over the next couple of quarters, according to the bank’s chief financial officer.

Neglia will work alongside Rosemary Kelley to lead the rating agency’s senior analytical managers in expanding the firm’s analytical service offerings.

Second-quarter profit soared past analysts’ estimates, driven by unexpectedly large hauls from currencies, commodities and interest-rates trading.

Underwriting league tables of asset-backed securities through July 14, 2022

Some 42.4% of the financing types are cash-out loans, and a large number of short-term leases in the pool, about 65.5%, help secure Visio.

Following their largest drop in over a decade one week ago, averages rapidly swung upward as recession talk receded.

Issuance volume of asset-backed securities for the year through July 14, 2022

In an internal memo to staff, Deputy CFPB Director Zixta Q. Martinez announced a realignment of the bureau’s legal and student loan offices with an expanded strategy team.  

North American respondents had their own worries to process—a potential end to historically low interest rates, and an end of low defaults amid a recession.

The results offer the first look at how Wall Street fared in a tumultuous three months characterized by changing outlooks on prospects for the economy.