Commercial banking
-
-
The cost of a credit score is $3.25, but could balloon to the $5 range in 2025.
October 18 -
Underlying borrowers have accumulated significant amount of home equity in their homes, to a weighted average (WA) original cumulative loan-to-value (CLTV) ratio of 69.5%.
October 18 -
The company expects that a previously announced sale of its residential mortgage servicing business will reduce its workforce by an additional 1,200 employees when the transaction is completed this quarter.
October 18 -
This securitization creates a bridge between the fund finance world and the public asset-backed securities market, a link that's expected to strengthen.
October 17 -
The notes can withstand breakeven default levels of 73.38%, 57.8%, 40.71% and 34.17%, respectively. Those levels surpass the loss multiples of its expected 20.7% in cumulative gross defaults.
October 17 -
-
A strong economy drove mortgage rates higher in the past week but it's still an advantageous market for consumers in some ways, according to Freddie Mac.
October 17 -
Underwriting league tables of asset-backed securities through October 17, 2024
October 17 -
Issuance volume of asset-backed securities for the year through October 17, 2024
October 17 -
The lender claims the offering is the only one of its kind in today's mortgage market.
October 17 -
Chris Roszell is the Global Head of Total Rewards at Manulife, with accountability for the company's compensation, benefits, wellness and pension plans for employees. He also has experience working at a global human resource consulting firm and as a senior executive in a small manufacturing business. Chris is passionate about spending time with his wife, two sons and exuberant dog at their cottage in Northern Ontario. Chris has a bachelor of mathematics from the University of Waterloo and a master's of business administration from McMaster University.
October 16 -
Affiliates of real estate company Tishman Speyer and investment firm Henry Crown & Co. are selling $3.4 billion of commercial mortgage-backed securities in a deal that's expected to price Thursday.
October 16 -
The senior tranche will sell a mix of floating and fixed-rate notes, benefiting 22.5% in credit support. The class B notes are covered to a level of 15.0% and the tranche sells all fixed-rate notes.
October 16 -
The Consumer Financial Protection Bureau's nonbank registry to address repeat corporate offenders goes live this week, but some experts have raised concerns about redundancy and costs for nonbanks.
October 16 -
-
Consumer credit is deteriorating, but structured credit is well suited to weather the slide.
October 16 -
Further, the assets have a loan-to-value ratio of about 52%, with a cashflow that can withstand large haircuts.
October 15 -
The fund will include asset-based loans such as CLOs.
October 15 -
