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In a recent survey, just over half of community bankers expressed concern that the central bank will harm the U.S. economy by raising rates too fast in its quest to contain inflation.

Underwriting league tables of asset-backed securities through April 28, 2022

Carvana raised $3.275 billion through the sale, which priced Wednesday afternoon at par to yield 10.25% and will finance its acquisition of Adesa Inc.’s U.S. car-auction business.

With ADFITECH as a held company now, Mortgage Connect says it is well equipped to be a linear provider of credit, compliance and servicing review services.

The Consumer Financial Protection Bureau director told Congress he will revise some rules as the bureau looks to address late fees.

Annual true-up adjustments—which could be made more frequently as necessary—correct for any over-collection and under-collection of the fixed recovery charges.

Surging interest rates have pushed refinance applications down by over 70% in a year, while ARMs have doubled their share in three months.

An improvement in the trade shortfall any time soon will be difficult as U.S. demand outpaces economic activity in many other countries around the world.

New Residential, the REIT, boosts credit confidence in the deal as a sponsor and originator experienced with re-performing and seasoned cleanup calls.

ESG funds that are peddling bogus engagement strategies are about to feel some heat as Morningstar Inc. moves to the next stage of its quality control of the industry.