Christopher Beaudet, who was a managing director and co-head of the ABS group at Deutsche Bank Securities, left the company recently. While at Deutsche, much of Beaudets focus was on the securitization of auto loans and leases, equipment leases, commercial loans and franchise loans. He joined the company in February 2000 as part of a group of bankers that Deutsche recruited from what was then Credit Suisse First Boston. He was credited with building Deutsche into one of the top underwriters of auto and equipment ABS in recent years. His departure leaves Andrew Peisch, also a managing director who joined in 2003, as sole managing director and head of the ABS group at Deutsche.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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There are two series, 2024-1 and 2024-2, that have revolving periods—three for the 2024-1 and five for the 2024-2—during which noteholders will not receive any principal.
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The trust employs a 24-month revolving period. There is an increased risk that collateral quality could deteriorate as the transaction evolves with new collateral.
March 27 -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27