Commercial banking

Fears of a recession intensified after President Trump unveiled his plan to impose a minimum 10% tariff on all U.S. imports, and the KBW Nasdaq Bank Index tumbled by nearly 10%.

The impact of tariff policy on the mortgage-backed securities market is likely to surface first in the cost of new housing construction.

Lowell M. Smith Jr. is chief compliance officer and co-founder of IRALOGIX.

His previous experience includes working for the ERISA enforcement agency in the U.S. Department of Labor. He created a TPA compliance practice and consulted on products, procedures and technology for clients of Universal Pensions, now Ascensus. He is a published author and a frequent speaker at industry conferences.

Paul Tyler is Head of Enterprise Marketing and Marketing Innovation at Zinnia, previously serving as CMO at Nassau Financial Group where he led branding strategy, digital initiatives, and built direct-to-consumer channels for insurance products. With deep expertise in financial services marketing and digital transformation, Paul brings a practical perspective on how advisory firms can leverage technology to enhance client engagement while maintaining the human connection that's essential in financial services.

Mortgage rates remain in the 6.6% range, with the tariff news so far having little impact, but could change given the 35 basis point drop in the 10-year yield.

The underlying prime mortgages have an average balance of $358,024, a weighted average (WA) original FICO score of 776, an original cumulative loan-to-value (LTV) ratio of 73.6%.

The ceiling kicked back in at the start of the year, since when the Treasury has been using special accounting maneuvers to make good on all obligations on time.

Gordon Gray is the executive director of the Pinpoint Policy Institute. Prior to launching Pinpoint, Gordon served as the vice president for economic policy at the American Action Forum, where his portfolio included the federal budget, taxes, the macroeconomic outlook and general economic policy matters.

Karen Madry is the president and CEO of Afena Federal Credit Union.

Series 2025-SFR2 and 2025-SFR3 are due to close by the end of April and count single-family homes as their primary collateral.

Wenzel R. Reyes is a senior audit executive and technology leader with over 20 years of experience across public company audits, regulatory compliance, and global standard setting. He previously held key roles driving audit quality and methodology at PwC Canada and PwC UK, where he contributed to the development of global auditor reporting standards and led firmwide audit transformation initiatives. Now serving as senior director of methodology and audit solutions at MindBridge, he helps firms harness AI and analytics to modernize audit execution, enhance quality, and meet evolving regulatory expectations. He is a recognized speaker on the future of assurance and data-driven audit innovation.

Offices, apartment buildings and retail locations in Los Angeles face a tangle of difficulties as the smoke clears from January's wildfires. High on the list is inadequate insurance, a common problem in California.

Jenn Graham is the Founder and CEO of Inclusivv, dedicated to helping organizations transform from a culture of monologue to a culture of dialogue. By providing facilitator training and structured peer-to-peer conversations, Inclusivv helps leaders harness the power of conversation to shape environments where respect, trust, and creativity flourish. Since founding Inclusivv, Jenn has built a digital platform, a content library of over 50 topics, and a variety of trainings that have enabled tens of thousands of people to gather for conversations around the world – both in person and online on the most important issues of our time.

The notes will be issued through series 2025-3 and 2025-4, and aside from slightly different maturity dates, they have similar initial overcollateralization and reserves.

House Republicans, led by House Financial Services Committee Chairman French Hill, R-Ark., outlined their priorities for the Trump administration's banking agenda in a series of letters to key regulators.

Bradley Niedzielski is an audit and assurance partner at Deloitte & Touche LLP based in Deloitte's New York office who has served a variety of complex global financial services clients across both the public and private sectors for over 20 years.

Brandon Chandler is an audit and assurance partner at Deloitte & Touche LLP. As the leader within the accounting advisory & transformation services practice in Atlanta/Birmingham, he oversees all aspects of the Atlanta/Birmingham AATS practice including quality, innovation, growth and talent strategies.

Lindsay Rosenfeld is an audit and assurance partner at Deloitte & Touche LLP. As the national market offering leader for governance, risk, and controls within Deloitte's accounting & reporting advisory practice, she specializes in SOX readiness and the modernization of SOX and internal control programs. She also assists companies in implementing technology solutions to manage these programs effectively.

The Trump administration is leapfrogging the normal process by taking its fight over a district court injunction blocking efforts to shut down the Consumer Financial Protection Bureau to a federal appeals court, according to the CFPB workers' union.