Commercial banking

President Donald Trump said that the US government would retain guarantees and an oversight role over Fannie Mae and Freddie Mac even as he pursues a public offering for the mortgage giants.

The transaction is the fourth of its type the company has done this year through the partnership it has had with Crosscountry Mortgage since late 2022.

Citadel Credit Union is joining the small cadre of credit unions active in the Small Business Administration's biggest loan program as it seeks to expand in its small-business-rich footprint.

Joe McQuaid is chief operating officer at Concurrent. 

With over 25 years in the financial services industry, he has held leadership roles at New York Life Investment Management and Guggenheim. He also founded Ascend Consulting and helped launch and served as COO for an RIA that grew to nearly $1.5 billion in AUM. He then founded Imprint Wealth, scaling it to nearly $1 billion in assets before merging with Concurrent Investment Advisors. An avid adventurer, he is preparing to climb the Seven Summits and aims to complete the six major marathons over the next decade. ​​

Stream Innovation 2025-1 also has a two-month prefunding feature, and during that time the $199.6 million in receivables is slated to expand to $249.6 million.

The riskiest portion of the securitization, worth $65 million was wiped out earlier this month after the loan's sale left just $164 million to distribute to creditors.

In the US, 30-year bond yields this week approached levels last seen in 2007 as President Donald Trump's tax bill is poised to swell the budget deficit.

Ethan Blevins is a senior legal fellow at Pacific Legal Foundation.

This potential transaction would be part of a broader trend of mortgage lenders and servicing players converging, such as Rocket's recent acquisition of Mr. Cooper.

Federal Reserve Gov. Lisa Cook said in a speech Friday that the market's response to recent volatility shows resilience, but more study is needed about the financial stability implications of business relationships between banks and nonbanks.

Tariff uncertainty could boost lender leverage to incorporate protection against LME proliferation

The US 10-year term premium — or the extra return investors demand to own longer-term debt instead of a series of shorter ones — has climbed to near 1%, a level last seen in 2014.

Abhishek Nagesh is vice president of regulatory policy oversight at Barclays. He has over 15 years of extensive experience in global banking and financial risk management.

Underwriting league tables of asset-backed securities through May 15, 2025

Underwriting league tables of asset-backed securities through May 8, 2025

Issuance volume of asset-backed securities for the year through May 15, 2025

Issuance volume of asset-backed securities for the year through May 8, 2025

The notion that the enterprises could be a source of revenue has led to a suggestion that the funds from a public offering could be reinvested in housing.

Xavier Oustalniol, CPA, CFF, CIRA, is a partner at StoneTurn and an expert in forensic investigations and compliance advisory. He focuses on complex forensic accounting issues, fraud investigations and prevention, and anti-corruption matters, and provides consulting services regarding damages analysis, securities class action litigations, arbitration, accountant malpractice and purchase price disputes, including providing expert testimony.