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The Federal Reserve Bank of Richmond president said while he believes the central bank's current level of rates is restraining the economy enough to continue lowering inflation in 2025, there are still upside risks to inflation and growth.

Freddie Mac shares rose to $4.14 at 12:30 p.m. in New York Friday, Fannie Mae's stock climbed to about $4.23, each up 22% from the previous day's close.

Bank of America, Citigroup, Wells Fargo and Goldman Sachs have also withdrawn from the Net-Zero Banking Alliance in the past month, as President-elect Donald Trump prepares to take office.

A vast majority of the collateral pool balance, 82.6%, are mortgages used to purchase primary residences, and just 17.4% finance second homes.

Alternative documentation accounts for 37.9% of the pool balance, compared with 24.6% on the 2024-NQM4 deal.

Richard "Dick" Parsons, the former Citigroup chairman who died Thursday, is credited with helping the New York megabank survive the financial crisis. Earlier in his career, he led Dime Savings Bank out of the savings-and-loan crisis.

Only 5% of homeowners in designated disaster-assistance areas were required to hold flood insurance, according to the Federal Housing Finance Agency's dashboard.

Borrowers had an original FICO score of 774. A little over a quarter of the borrowers, 25.1%, are self-employed.

After a double-digit increase, analysts expect sectors to continue to grow in 2025, albeit with some credit deterioration.

Analysts are unsure what the Federal Open Market Committee will do with monetary policy in 2025. The panel projects two rate cuts, but some analysts expect more, and others see fewer.

Atlas SP structures deal with a "meaningful" concentration of investment properties. Still, it meets investor demand.

The Federal Reserve is poised to make several key decisions during the year ahead that will impact monetary policy both in the near term and for years to come.

The Federal Reserve will seek comment on the current stress-testing regime with an eye toward increasing transparency and reducing volatility. Modifications would not go into effect until at least 2026.

The private, pass-through structure includes elements of both public transactions and those with bank expertise.

The overlooked segment offers a premium over AAAs backed by significant subordination, the firm says.

ABS overall should outperform, but risks remain in specific areas

Deal finds lower pricing and adds a new class of AAA notes.

The Spanish bank has been making heavy use of significant risk transfers, which allow banks to free up capital used to back up loans by paying investors to take on some of the credit risk.

Delay refinancing two loans prompts drop to below investment-grade for one class of CMBS

The proposal is one of several that aims to address difficulties managing early buyouts from mortgage-backed securities pools.