Commercial banking

The 30-year fixed rate mortgage average rose 21 basis points this week, lagging other indicators, which are all now lower than seven days ago.

John N. Vitucci is a partner and ESOP practice leader at PKF O'Connor Davies. He has more than 30 years of experience working with Fortune 500 corporations, private businesses and investment banks in all areas of employee benefits, executive compensation and ERISA. He is currently an adjunct professor at Columbia University where he teaches pensions and ERISA and oral communications for actuaries in the Actuarial Masters Program.

The Federal Housing Administration has accelerated the timeline and will make the wait time for repeat home retention requests longer than originally planned.

The regional bank is offloading a $1.9 billion student loan portfolio in order to focus on its relationships with existing customers, said CEO Bruce Van Saun.

Underwriting league tables of asset-backed securities through April 10, 2025

Issuance volume of asset-backed securities for the year through April 10, 2025

Cathy Knepp leads HR at Platform Accounting Group, a next-gen accounting firm with more than 900 employees. She is committed to creating better experiences for accountants through people-first policies and practices that support better work. She has a tenured career in financial services and more than a decade of experience in various areas of the accounting industry.

Credit portfolio managers continue to expect rising global corporate and consumer defaults and recession risk.

The structure includes credit enhancement from overcollateralization representing 16.4% of the pool balance.

US bonds have been whipsawed this month as President Donald Trump's move to impose global tariffs raised threats to the economy, undermining Treasuries' reputation as the world's safest asset.

Principal payments, will be repaid through three periods of a full turbo period, a non-turbo period and another full turbo period before an amortization trigger event.

The deal has an extensive capital structure, which is expected to repay investors sequentially, with notes enhanced by subordination.

A federal judge in Texas found that the Consumer Financial Protection Bureau had violated the CARD Act by barring banks from charging late fees for credit cards.

David DiCristofaro is the Financial Services Line of Business Leader at KPMG in the U.S.  In this role, he leads the firm's cross functional growth strategy across Audit, Tax and Advisory for Financial Services. David is currently a member of KPMG's Global Financial Services leadership team, and served on KPMG's Americas and US Board of Directors from 2018 to 2022.

The rebound in bonds eased concerns that built last week, when a steady rise in yields threatened to deal the US economy another hit by pushing up the cost of all kinds of loans.

As the CEO & President of Imagine360, Jeff spearheads the company's continued mission to reduce health plan costs for US employers, employees and their families. Jeff has three decades of experience in managing and growing healthcare services companies, Jeff was the global practice leader of the Health, Life Sciences and Business Process Outsourcing (BPO) division for Wipro Limited and was the president and CEO of HealthPlan Holdings (HPH) — a leading healthcare solutions business serving payers, self-funded employers, unions, small businesses and individuals — its acquisition by Wipro.

Bessent reiterated his interpretation of the decline being mainly a product of deleveraging, saying he had no evidence that sovereigns were behind the drop.