Organization Root Tag

The voice and data network operator has been growing rapidly in underserved areas of the U.S.

The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.

The Department of Housing and Urban Development reiterated it has withdrawn a number of FHA mortgagee letters related to appraisals.

The loans are secured by single-family residential properties, townhouses, planned-unit developments, condominiums, and two- to four-family residential properties.

The notes are enhanced by a credit risk transfer agreement with Fannie Mae.

The deal is the seventh prime jumbo issuance from Chase Home Lending Mortgage Trust in 2025.

US Treasuries fell for a fifth day as demand for long-term government debt across the globe wanes amid a flurry of bond auctions this week.

The portfolio has high credit quality loans and geographic concentration.

Moody's Ratings has assigned AAA to the Class A notes, which account for 87.3% of the transaction.

This could be the second year in a row that the market for U.S. bank preferred shares has shrunk, something that hasn't happened since the lenders were replacing obsolete capital after the global financial crisis.

The proceeds will finance the portfolio, which trades in the primary and secondary loan markets.

BBVA SA is sounding out investors for a significant risk transfer linked to corporate loans, according to people familiar with the matter.

After passing the Federal Reserve's stress tests with high marks, large banks announced dividend increases. In some cases, they also said the Fed had conceded that certain prior calculations needed to be revised.

A revolving pool of Walmart-branded Mastercard accounts will support the deal, which presses ahead despite risks tied to U.S. tariff policy.

The Federal Reserve's preferred measure of inflation moved further from its 2% target, underscoring the central bank's reluctance to cut rates.

Although the collateral is described as non-prime, Moody's points to several strong credit characteristics, including an average non-zero FICO score of 697 and an eScore of 768.

Yields across maturities declined, with those on two-year notes falling five basis points and most reaching the lowest level in more than a month.

Consumer spending and exports fell slightly in the latest estimate, leading to a downward revision. Imports, which dragged down overall output during the first three months of the year, also came in smaller.

Some allies of the president have pushed for Treasury Secretary Scott Bessent to get the job, according to people familiar with the matter, a notion that a senior administration official disputed.

One atypical feature, for an auto ABS deal, is that principal on the notes will be reduced in a reverse sequential order based on realized losses.