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The underlying loans in the collateral pool is nearly sterling in quality, with full-documentation underwriting, and WA loan seasoning of 30-plus months.

Despite “color blind” underwriting algorithms, loan denial rates on mortgages that were not backed by the Federal Housing Administration and the VA skewed heavily toward minority groups, according to a study by The Markup.

Blockbuster stock market gains allow U.S. public pensions to lower their assumed investment return and the chance that taxpayers have to make up any shortfalls.

Goldman Sachs Group Inc. won an appeal of class-action status for a case that accuses the company of misleading shareholders by masking conflicts of interest in mortgage-backed securities it sold.

Increasing COVID-19 numbers offset promising economic figures, resulting in minimal changes.

The deal appears to take advantage of a shift in federal rules reducing the level of non-owner-occupied loans Fannie Mae and Freddie Mac can purchase.

Hailing from Canada, the upcoming credit card deal will draw from a pool with very low rates of delinquency, total net losses and charge offs.

Subprime borrowers whose credit scores have risen since they bought their cars are increasingly looking for a better deal. Credit unions and small banks are seizing the opportunity, often with the help of fintechs.

Royal Bank of Canada is benefiting from the lender’s dominance in its home country and a capital-markets division that’s cashing in on a surge in dealmaking.

Infrastructure will command most of lawmakers’ attention, but expect banks to keep pushing for bills that would ease the transition away from a key benchmark rate and help them serve legal cannabis businesses.