Organization Root Tag

Bank statement underwriting, often applied in situations where the borrower is self-employed, accounted for the plurality of documentation types in the pool, at 44.9%.

The deal saw notable changes from SCLP 2021-1, especially an increase in target and initial overcollateralization.

The Federal Reserve, European Central Bank and peers in Japan, the UK and Canada are all scheduled to set interest rates.

The bond selloff reflects mounting concern that prolonged disruption to energy supplies will keep inflation elevated, hindering central banks from lowering rates.

A proposed update to Basel III capital rules from federal banking regulators does not specifically include mortgage insurance as a factor in determining the risk weight for a mortgage loan held on a bank's balance sheet. Industry experts say it should.

Non-qualified loans are the majority of loans in the pool, 59.2%, while loans exempt from the Ability-to-Repay/Qualified Mortgage rule, represent 35.9%.

February's securitization from Vertical Bridge was the sector's largest-ever deal and included the sector's first single-B rated tranche.

A decline in Middle East travel and higher fuel prices should not put a major dent in the company's performance, execs said Thursday.

In testimony Tuesday, Warsh avoided answering questions about the near-term path of interest rates, further supporting the market's wait-and-see stance.

The credit startup is seeking a limited-purpose charter from federal regulators through the Competitive Equality in Banking Act's credit card bank carveout.

Initially, the transaction will follow a sequential repayment structure that requires each note class to reach a required overcollateralization percentage before the next subordinate class begins receiving principal.

The move followed upbeat signals on consumer spending and the labor market, with both the ADP weekly jobs report and March retail sales beating forecasts.

Wells Fargo CEO Charlie Scharf said bankers and economists are broadly against lowering interest rates now, given uncertainty from the Iran war.

Over half of all second-home inventory in the U.S. is concentrated in just eight states, with Florida leading the pack, according to analysis by NAHB.

The US two-year yield, which had been trading above the central bank's current ceiling of 3.75% amid the war-related surge in oil, once again dipped backed below it as crude receded.

Mpower's plan to sell nearly $250 million of bonds hit a hurdle after some potential investors spooked by Trump's policy shifts balked during the effort's early pitches.

Nationwide, Americans are falling behind on their car loans. But among Ally Financial's customers, delinquencies fell during the first quarter.

Gauges of bond swings have declined almost every day since late March, as optimism has grown that the US and Iran are moving toward a agreement to end a month-long conflict.

Basel III recalibration cuts commercial real estate risk weights, unlocking $100 billion in bank lending capacity.

The status quo might be jolted by individuals and companies pulling cash from banks and money markets to meet tax obligations, spurring banks to tap liquidity facilities.