Commercial banking

RG&E, series 2025-A, is the second utility cost recovery securitization this week, and is another first-time issuer.

Amy Glorioso joined Kelly Benefits Payroll in 2022 with nearly 30 years of experience in the payroll industry. In her current role as Vice President of Client Engagement, Amy is responsible for ensuring that all payrolls are delivered timely and accurately as well as team development and client retention. Using her expertise in payroll procedures, best practices and compliance, she also is tasked with identifying and implementing process improvement and enhancements that ensure the best experience possible for clients.

Both forward-flow agreements and the larger asset-backed securitization market are becoming more popular, as consumer debt is growing.

Joseph H. Neely is a former director of the FDIC and career banker. He is president of Neely and Associates, a consulting firm advising banks on regulatory and strategic matters.

The Federal Reserve governor said regulators have stifled the banking system's ability to experiment with emerging technologies.

Portfolio enhancements and diversifications cushion the impact of the L.A. wildfires from RMBS losses.

Completed foreclosure auctions should be 8% lower this year, but if home value and unemployment expectations change, all bets are off, Auction.com said.

Abby Salameh, chief growth officer at RFG Advisory, is a seasoned C-suite executive with extensive expertise in expanding financial advisory, alternative investment, fintech and financial services organizations, particularly those undergoing transformation.

She has held CMO positions at RIAs including Private Advisor Group and Hightower Advisors, as well as alts platform CAIS.

The GMALT 2025-1 securitization has just 24.4% of contracts with original leases longer than 36 months. It's the lowest level for the platform, a credit positive.

Peter Dugas is an Executive Director at Capco and leads Capco's Center of Regulatory Intelligence, focusing on delivering political and regulatory intelligence and optimizing regulatory change management programs for clients across the globe. With 25 years of experience helping clients solve their most pressing governmental challenges, Peter's career has primarily focused on providing advice on laws and regulations, regulatory affairs, and risk and compliance for financial services clients and Fortune 500 companies.

Before joining Capco, Peter worked as a lobbyist for the financial services industry and has served in senior executive positions in the U.S. Government, including the U.S. Department of the Treasury, CDFI Fund, U.S. Department of Labor, and U.S. Small Business Administration. He is frequently featured in publications such as Wall Street Journal, American Banker, The Hill, Bloomberg, Bloomberg Law, Politico, and Business Insider.

Tenants also have a high average credit quality, with 75.9% of them having at least an investment grade rating, and lease assets underlying the class A notes have a loan-to-value (LTV) ratio limited to 70%.

Brittney Bello is the president and co-founder of SolV Independent Insurance Associates.

Travis Norton is the founder of Acumen Strategies, which provides lobbying and regulatory advocacy services. He has served in senior staff positions on the Senate Banking Committee, House Financial Services Committee and House Judiciary Committee.

The president's rough-and-tumble trade negotiations have throttled financial markets, causing investors to flock to the safety of dollars and Treasuries. But some economists say this style of policymaking could have hurt the U.S.'s safe haven status in the long run.

Some mortgage stakeholders say Trump's tariffs would make interest rates rise and housing costs shoot up.

The riskiest portion of the securitization, known as the equity, was placed with investors including sovereign wealth funds, pension funds and family offices