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Senate Banking Committee Chairman Tim Scott said Jonathan McKernan's final confirmation vote to lead the Consumer Financial Protection Bureau is "imminent."

Underwriting league tables of asset-backed securities through April 3, 2025

Issuance volume of asset-backed securities for the year through April 3, 2025

Originators applied bank statement, full documentation and profit and loss documentation in their underwriting.

Federal Reserve officials want to see how exactly new trade policies impact the U.S. economy before adjusting interest rates. Markets and monetarists have different ideas about what that might look like.

So-called wet loans can be included in the transaction, and the servicer will have limited opportunity to deal with them without complete file information.

There is also a full-turbo feature that will kick in after a two-year revolving period.

JPMorgan Chase's CEO emphasized his concerns about geopolitical conflict and brought up recent culture shifts at the bank in his annual letter to shareholders.

If mortgage rates drop into the low 6% range, there will be a retention opportunity on 5.4 million loans that have interest rates starting at 6.5%.

The central bank wants to let Trump's policies play out across the economy before deciding which way to move interest rates, and it's too soon to know what the impacts will be, the Federal Reserve chair said.