Bank of America
Bank of America
Bank of America Corp is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets.
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The U.S. Department of Justice declined prosecution after BofA Securities self-reported the violations and fixed major compliance gaps.
September 19 -
The anticipation of lower rates has helped drive yields lower, with the 30 year's falling as much as three basis points to 4.62% on Wednesday, the lowest level since April 30.
September 17 -
The 2025A bonds will have parity with all senior bonds that have been previously issued, and any senior bonds issued in future deals.
September 10 -
The assets' legal isolation means that the NCUA exercising its powers in a way that would reduce payments to the notes is a remote possibility.
September 5 -
Debt markets globally were roiled this week as the yield on the 30-year Treasury rose to almost 5% before easing in the past two sessions.
September 5 -
The percentage of larger loans in HGVT-2 is 20.08%, S&P said. While that is lower than the 23.2% seen in the previous deal, it is still too high.
August 19 -
The entire pool was originated using agency underwriting, with PennyMac being the largest originator, and accounting for 66.1% of the mortgage loans.
August 14 -
A credit analyst manually reviews the pool's underwriting decisions, instead of just leaving it all to automation.
August 7 -
The deal faces a few upfront credit challenges, including the fact that the collateral's credit quality has weakened.
August 6 -
Certain provisions in the deal allow for changes in the collateral pool, including allowing for discretionary substitutions of up to 2.0% of the number of properties.
August 4
