Commercial banking

Augustine C. Arize is regents professor of economics and business management at East Texas A&M-Commerce.

Jared joined ADP Research in 2023 as a Research Analyst. He brings with him a lifelong passion for the social sciences and a desire to better understand and contribute in a meaningful way to the world of work.

The Trump administration wants the Small Business Administration to shrink its workforce by 43%. At the same time, the agency is being asked to start managing the federal government's student loan portfolio.

The bonds are tied to rights to collect mortgage payments, known as mortgage servicing rights, and it's only the second such deal that's non-recourse.

Second-lien loans make up virtually the entire pool, which carries some risk of poor recovery rates. Yet 78% of the pool is also considered safe-harbor mortgages.

Lisa McGeough is the CEO and head of banking at HSBC.

Brenden Gebben is the CEO of Absolute Capital Management, a specialized turnkey asset management platform provider offering robust 401(k) management solutions for advisors nationwide. 

Katie L.S. Von Kohorn is a partner at Boston law firm Casner & Edwards, specializing in trusts and estates and exempt organizations.

She serves as trustee of numerous trusts and works extensively on the investment, tax and legal aspects of trusts, as well as with the varied interests of trust beneficiaries.

For bond investors who'd been piling into Treasuries over recent weeks, Wednesday's Fed policy announcement offered vindication.

Borrowers are considered prime in this pool, but Fitch Ratings notes that delinquency rates have been increasing since 2022.

Dimitri Dadiomov is co-founder and CEO of Modern Treasury, which builds payments operation platforms for financial services companies.

The Consumer Financial Protection Bureau has rehired more than 100 fire employees, but the union claims dozens of employees have not been reinstated in violation of a federal court order.

Scott Engelbrecht is the chief development officer for CLA. For more than 30 years, he has dedicated his career to providing business and financial solutions to the firm's clients through its business lines: audit, tax, consulting, outsourcing and wealth advisory. In his current role as chief development officer, he is not only focusing on the firm's organic client growth but also driving forward greenfield opportunities, including opening new CLA locations and bringing other firms across the U.S. into the CLA family. He supports the development and management of the firm's financial reporting systems, and he coordinates across CLA to develop and manage appropriate measuring and reporting approaches required to accomplish the needs of the firm. Engelbrecht is also responsible for helping the firm reach stated financial goals for service lines, industry groups and geographic regions. As chief development officer, he leads and coordinates the overall facility management requirements of the firm and is responsible for coordinating a consistent approach operationally and financially regarding all lease, merger/acquisition and principal-related agreements.

The head of operations at the Federal Housing Finance Agency and two C-suite leaders at the government-sponsored enterprise are out, according to Semafor.

The issues are hindering the Federal Deposit Insurance Corp.'s ability to meet its regulatory duties, according to the agency's Office of Inspector General. 

Total hard credit enhancement will represent 4.5% of the note balance, and initial reserves amounting to 2.0% of the pool.

The $1 billion securitization includes a $424 million fixed rate Aaa-rated portion with a yield of 5.133% as well as a $424 million floating Aaa-rated portion priced at 110 basis points over the Secured Overnight Financing Rate.